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NEW YORK — March, 21, 2005 – LAWFUEL – The international law firm o…

NEW YORK — March, 21, 2005 – LAWFUEL – The international law firm of Chadbourne & Parke LLP today announced that Christopher Owen, 42, has joined the Firm as a partner in both Chadbourne & Parke LLP and its affiliated multinational partnership, Chadbourne & Parke in London, effective March 15. He will split his time between the Moscow and London offices.

Prior to joining Chadbourne, Mr. Owen was head of the Moscow office of Lovells.

Mr. Owen specializes in capital markets transactions and cross-border mergers and acquisitions. He has experience advising issuers and arrangers on the issue and underwriting of fixed income and equity securities in emerging markets and advising international clients on investing in Russia, the CIS and Central Europe. Mr. Owen also has counseled on a wide range of capital markets work, from straightforward debt to substantial international equity work, including IPOs and flotations, derivatives and synthetics.

“We are pleased to welcome Chris to Chadbourne. His range of finance, capital markets and derivatives experience connected with Russian matters is a critical component of our increasingly diversified services for clients doing business in Russia,” said Charles K. O’Neill, Chadbourne’s managing partner. “His significant experience in Russian and cross-border financings is a key step in our continued growth in the CIS and in Chadbourne’s long-term commitment to that region. With Chris on board, we are continuing to build on the growth the Firm achieved last year when we opened the Kyiv and Warsaw offices.”

Chadbourne’s Moscow office was established in 1990, and Mr. Owen is the fourth partner there. The office provides a full range of legal services to multinational and domestic clients.

“Chris’s arrival at the Firm will greatly enhance our already successful track record in English law governed financings and corporate transactions,” added Laura M. Brank, managing partner of Chadbourne’s Moscow office. “His broad range of experience advising companies and financial institutions in complex business and capital markets transactions allows us to meet the needs of our clients looking to raise financings in both the London capital markets and U.S. markets. This puts us in a strong position to counsel clients pursuing investment opportunities.”

Mr. Owen is named as an expert in emerging market transactions in the Legal 500 and is recommended by PLC Which Lawyer? formerly European Counsel 3000, and is recognized by Chambers Global – The World’s Leading Lawyers.

“I am very pleased to have the opportunity to join the Chadbourne team in both Moscow and London as well as to become part of the Firm’s overall capital markets group,” Mr. Owen commented. “Chadbourne has an excellent reputation in this field, and I look forward to the opportunity to develop this practice further in Russia, for CIS and Central Europe.”

Mr. Owen received his B.A. Jurisprudence from Oxford University.

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, corporate finance, energy, telecommunications, commercial and products liability litigation, securities litigation and regulatory enforcement, white collar defense, intellectual property, antitrust, domestic and international tax, reinsurance and insurance, environmental, real estate, bankruptcy and financial restructuring, employment law and ERISA, trusts and estates and government contract matters. The Firm has offices in New York, Washington, D.C., Los Angeles, Houston, Moscow, Kyiv, Warsaw (through a Polish partnership), Beijing and a multinational partnership, Chadbourne & Parke, in London. For additional information, visit www.chadbourne.com.

About the Moscow Office

In Moscow, the office comprises of over 20 U.S., English and Russian qualified attorneys (each of whom is bilingual) and a total bilingual staff numbering more than 50, including paralegals, translators, secretaries and other support staff. A team of business-oriented lawyers has been assembled who have years of experience in the Russian Federation working on complex and novel transactions and on major litigation. Each of the partners has more than a decade of experience advising on transactions in Russia, and each is well-regarded in the community. These partners are frequently listed in publications such as Chamber’s Global, Euromoney Expert Guides, and European Legal Experts as leading lawyers in the fields of corporate and commercial law, banking and finance, energy, and litigation.

About Chadbourne & Parke, A Multinational Partnership

In London, the Firm conducts its practice through Chadbourne & Parke, a multinational partnership, employing both English-qualified solicitors and U.S. lawyers who work closely with other Chadbourne offices to provide seamless service to international clients. The London partnership offers a range of legal services under both English and U.S. law and, in particular, focuses on project finance, privatization, energy, capital markets, banking, insurance and reinsurance, securitizations, structured finance, corporate finance, litigation and products liability.

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