MOSCOW – LAWFUEL – Law News Network – August 14, 2006 — Chadbourne & Parke LLP has acted for The Boeing Company in its US$60 million joint venture with Open Joint Stock Company “Corporation VSMPO-Avisma”, the world’s largest titanium producer.
The Framework Agreement which was signed on August 11, 2006 contemplates establishing a Russian joint stock company to undertake machining of titanium forgings that are manufactured by VSMPO for Boeing or Boeing’s subcontractors located in Verkhnaya Salda, Sverdlovsk Region, Russia.
Titanium is a key component of the Boeing 787 and the titanium produced by the joint venture will be used in the jetliner production and assembly process.
Chadbourne is advising Boeing in all aspects of this joint venture including the establishment of the company and other related matters.
The Chadbourne team was led by Moscow office Managing Partner Laura M. Brank, supported by associates Olga Watson and Alexander Volnov.
The Boeing 787 Dreamliner is the next generation jetliner being produced by Boeing. As of the end of June 2006, the company has received a total of 403 orders and commitments for the planes.
The Dreamliner is designed to use 20% less fuel than today’s planes of comparable size.
About Chadbourne & Parke LLP
Chadbourne & Parke LLP, an international law firm headquartered in New York City, provides a full range of legal services, including mergers and acquisitions, securities, project finance, private equity, corporate finance, energy, communications and technology, commercial and products liability litigation, securities litigation and regulatory enforcement, special investigations and litigation, intellectual property, antitrust, domestic and international tax, insurance and reinsurance, environmental, real estate, bankruptcy and financial restructuring, employment law and ERISA, trusts and estates and government contract matters. Major geographical areas of concentration include Central and Eastern Europe, Russia and the CIS, and Latin America. The Firm has offices in New York, Washington, D.C., Los Angeles, Houston, Moscow, St. Petersburg, Kyiv, Almaty, Warsaw (through a Polish partnership), Beijing, and a multinational partnership, Chadbourne & Parke, in London.
Russia, CIS & Central Europe Practice
Chadbourne & Parke LLP has maintained a strong presence in Russia, the CIS and Central Europe since 1990, when it became one of the first foreign law firms to open an office in Moscow. Our practice has now grown to nearly 100 lawyers based in Moscow, St. Petersburg, Kyiv, Almaty, Tashkent, Warsaw and London, and we are widely recognized as one of the leading law firms in the region. Throughout the past 16 years not only have we advised on numerous complex first of a kind transactions, but also on the day-to-day operations of our clients which impact upon their bottom line. We combine a strong local presence in the region with the depth of experience necessary to provide meaningful, practical business advice.
For additional information, visit www.chadbourne.com