Goltsblat BLP has successfully advised major Russian developer, Hals-Development, and its CiTer Invest B.V. subsidiary joint venture, on obtaining loan funds from VTB Bank for development of its Moscow City Business Centre, plot 11 project.
The project will see a 230,000 sq.m. site developed to accommodate one of the biggest transportation hubs in Moscow, including bus stations, taxi stands, car hire offices, and a railway station with rapid transit trains running to Vnukovo and Sheremetyevo airports. The complex will also include two office buildings and a four-star hotel.  The project follows the 2011 acquisition of a controlling stake in CiTer Invest B.V., which holds the development rights to plot 11, by Hals-Development.

The project provides for four types of collateral granted under three different legal jurisdictions. Goltsblat BLP support coordinated lawyers in six jurisdictions – Netherlands, Russia, UK, Cyprus, Luxembourg and Curaзao (former Netherlands Antilles), working closely with Dmitry Grinin, Vice President and Director of the Hals Development Legal Department, and his team of professionals, in dealing with very complicated legal issues, and developing intricate and comprehensive outcomes, vital to the success of the project.

Andrey Goltsblat, Managing Partner at Goltsblat BLP, said the role highlighted the confidence major clients have in Goltsblat BLP’s handling of complex international projects.   

“It has been a pleasure to support OAO Hals-Development in a major strategic project. The role has demonstrated, once again, our expertise and professionalism in handling cross-border transactions. It is of the utmost importance for our major clients that they are certain of our ability to get results they need in a complex international environment.”

The transaction team was led by Managing Partner, Andrey Goltsblat, and Anton Panchenkov, Senior Associate, Corporate/M&A. The transaction also involved Anton Sitnikov, Partner and Head of Corporate/M&A, Ian Ivory, Partner and Head of English Law and Corporate Finance, Oleg Khokhlov, Partner, Banking and Finance, and a number of Goltsblat BLP Corporate/M&A associates: Associate Dmitri Antipin, Associate Mikhail Tararouev, Junior Associate Kamilla Zagidullina, and Junior Associate Maria Kuzmina.

For additional information, please contact:

Ksenia Soboleva    tel.: +7 495 287 44 44
Marketing and Communications Manager mobile:  +7 965 125 03 73

Notes to Editors:

Goltsblat BLP is the Russian practice of Berwin Leighton Paisner (BLP). Goltsblat BLP was established at the beginning of 2009 as a result of a merger between one of the biggest teams of Russian lawyers and a major UK law firm, Berwin Leighton Paisner (BLP). Goltsblat BLP is a unique offering on the Russian legal market, because of its widely recognised local law capabilities and strong English law-related capabilities, which are in increasing demand by the firm’s clients. The core of the firm is formed by a well-established Russian team with exceptional local law capabilities, extensive knowledge of the local markets and over 15-years’ practical experience. Today, with a team of over 90 Russian and English-qualified lawyers based in Moscow, Goltsblat BLP is one of the biggest international law firms in Russia/CIS. Goltsblat BLP clients include over 500 companies, about 70% of them being major multinationals operating on the Russian market, including 23 Fortune 500 companies. Goltsblat BLP is the winner of the Legal Business Award 2010 (Legal 500) for International Office of the Year, Chambers Europe Award for Excellence 2010 in the Client Service category for best client service among law firms in Russia, Best Law Firm in Russia - 2010 ILO Client Choice Award,  Effective HR Management category at the Annual Law Firm Awards by the Legal Success magazine - “Best Motivation of Employees” among law firms in Russia.   www.gblplaw.com 



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