Baker Botts LLP

Banking & Finance Department

Russia
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What the team is known for Well-regarded banking practice advising on a broad range of mandates, including project, acquisition and real estate financing, as well as aviation financing projects. Has further experience handling restructurings and refinancings. Client roster includes significant Russian banks as well as global developmental banks. Maintains close ties to the London team.

Strengths Sources praise the team's dedication and drive. One explains: "We had very limited time before signing the deal and they worked 24/7 and made it happen."

Further sources appreciate the group's attention to detail and technical insight: "They have an extremely detailed approach to proofreading and double-checking; they produce high-quality paperwork."

Work highlights Advised Sovcombank on extending its syndicated loan facility to Delo Group for the acquisition of a 30.75% share in Global Ports.

Notable practitioners


Elena Stepanenko
is highly recognised for her in-depth knowledge of aviation financing. She represents major airlines as well as financing institutions. "She approaches projects quickly and attentively," a client says, adding: "She takes into account all aspects and features of a transaction and the wishes of the client."


Konstantin Garmonin
has a "creative approach to solving complicated issues," according to sources, who further cite his "ability to explain everything in an efficient and intelligible way." He represents domestic and international lenders in a variety of mandates, including syndicated loans, acquisition and project finance as well as the restructuring of financing. Sources also highlight his "ability to keep calm during a stressful time."