Firm / Organisation

Monastyrsky, Zyuba, Stepanov & Partners

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Managing Partner: Anton Aleksandrov
Number of partners: 9
Number of associates: 37
Languages: English, Russian

Firm Overview:
Founded in 1991 and based in Moscow, MZS has an almost unequalled track record and reputation across a diverse range of practice areas and industries — representing some of the world’s largest and best companies. MZS is best known on the market for dispute resolution practice. Yet the firm manages a broad spectrum of corporate and commercial work including restructuring and insolvency, corporate/M&A, capital markets, private equity, employment, intellectual property, TMT, energy and natural resources, tax and antitrust.

Main Areas Of Practice:

Dispute Resolution:

■Representing AFK Sistema in proceedings on repossession by the State of a majority stake in Bashneft and the resulting US$ multi-billion damages claimed from former owners of the stake and the US$3 billion damages case brought by Bashneft and Rosneft
■Counsel to Bashneft in a shareholder dispute on invalidation of the transfer of the Trebs-Titov oilfield license
■Representing world’s largest furniture producer and retailer in nearly all disputes for the past decade, including one against a local electricity supplier with over US$1 billion at stake
■Instructed by Samsung in the US$ multi-million arbitration against Euroset, their major Russian distributor of mobile devices
■Assisting Aeroflot with its attempts to claim in the United Kingdom against the estate of late Russian tycoon, Boris Berezovsky
■Instructed by A1 in a corporate conflict regarding Stroyfarfor, a major Russian ceramic tile producer
■Counsel to Gazprom in a US$500 million dispute with Rosgazificatsia relating to allegedly wrongful debiting of Gazprom shares from a share registry account by the registrar
■Counsel to Prosperity Capital in cases on recovery of damages from directors of GAZ, TGK-2 and other major Russian companies
■Instructed by Boeing on a number of air crush cases
Contacts: Yuri Monastyrsky, Alexander Zyuba, Dmitry Lovyrev, Dmitry Mukhomorov, Anton Aleksandrov

Restructuring/Insolvency:
■Counsel to Yugra Bank in challenging banking license revocation orders by the Russian Central Bank and insolvency proceedings regarding the bank
■Instructed by O1 Group on multiple cross-border proceedings concerning the insolvency of Bank Otkrytie
■Counsel to Halyk Bank (People’s Bank of Kazakhstan) in insolvency and recovery proceedings concerning Russian debtors
■Representing Prodimex, the largest Russian sugar producer, in insolvency proceedings of Ivolga-Center and Sakhar Zolotukhino
■Instructed by the owners of several insolvent Russian banks on defending US$ multi-billion recovery and liability claims
Contact: Anton Aleksandrov, Dmitry Mukhomorov, Kirill Udovichenko

Corporate/M&A:
■Instructed by A-Property regarding the acquisition of a controlling stake in Yatek, the largest oil and gas group in Yakutia
■Advising an investment group on the US$ 1.5 billion acquisition of a substantial stake in one of the Russia’s largest coal deposits
■Advising the owners of Forum Properties on a particularly complex US$ 4 billion joint venture with one of the Russia’s largest owners of office premises
■Instructed by VTB on acquisitions of substantial agricultural and recreational land assets in the Russian South
■Counsel to NTS on the acquisition from OTEKO of a company operating 14 thousand oil-tank cars, making NTS the owner of the largest railway oil-tank fleet in Russia;
■Advising a private equity fund on a number of crossborder acquisitions, including the purchase of mining businesses in Russia, Congo, Brazil and the US, investment in Fab.com, a US designer company, contemplated acquisition of Notemachines, a British ATM producer; and acquisition of a controlling stake in Dynacast International, a US precision-casting business
■Instructed by UralVagonZavod, Russia’s largest producer of railway cars and armoured vehicles, on acquisition of several heavy industry businesses throughout Russia, including Chelyabinsk Tractor Factory - Uraltrack and on setting up a joint venture with PESA, a Polish tram producer, with respect to the production in Russia of PESA’s new tram model ordered by the City of Moscow
■Instructed by the owners of OPUS on the sale of their business to Bealieu International Group, a major European floorings producer
■Advising EBRD on a divestment from a Russian bank
Contact: Mikhail Motritch

Capital Markets/Banking & Finance:
■Advising the National Stock Market Participants Association (NAUFOR), the Association of Russian Banks (ARB) and the National Foreign Exchange Association (NFEA) on the upgrade of the 2009 version of the standard OTC derivatives master agreement to the netting-eligible 2011 version approved by the Federal Financial Markets Service
■Drafting the industry-standard documentation (definitions) for Russian domestic OTC commodity derivatives markets, upgrading the equity and fixed income derivatives annexes (definitions) to the Russian standard derivatives documentation to include foreign securities as eligible underlying assets and drafting a credit derivatives annex (definitions) to the Russian standard OTC derivatives market documentation
■Advising the National Settlement Depository on setting up a trade data repository for OTC derivative transactions
■Advising VTB on a number of new product development projects, including Russian law-governed hybrid fixedincome and credit derivatives products and collateralised jumbo swaps
■Advising Sberbank on the development of a trade specific collateral arrangement for a swap transaction as well as on hybrid credit derivative structures
■Advising some of the leading global financial institutions (Morgan Stanley, UBS, Nomura, Barclays Capital, Credit Suisse) on various aspects of OTC derivatives trading
Contact: Vladimir Khrenov

Antitrust/Regulatory:
■Counsel to Google in dispute with Yandex and the Russian Federal Antimonopoly Service
■Representing Transneft in a number of disputes with the Russian Federal Antimonopoly Service regarding regulated procurement policies and contracts
■ Representing Primorsk and Novorossiysk Sea Ports in series of broadly reported disputes with the Russian Federal Antimonopoly Service on the alleged abuse of dominant market position
■Instructed by Rostelecom in a number of disputes with the Russian Federal Antimonopoly Service over alleged abuse of client’s dominant position
■Internal compliance audits carried for a major European auto producer and a Kazakh mining and energy company
■Assisting major clients, including EBRD, Gruma, Apax Partners, Bonnier, Prosperity Capital, with obtaining antitrust clearances as part of their M&A deals
Contact: Alexander Zyuba

TMT:
■Advising AFK Sistema on a US$ multi-billion joint venture with Rostec, uniting the bulk of microelectronics production capabilities in Russia
■Instructed by Rostelecom, Russia’s largest fixedline operator, on the acquisition of a number of regional telecoms throughout the country
■Counsel to sellers on the contemplated sale of the largest mobile telecom operator in Tajikistan
■Advising Nokia Siemens Solutions in respect of setting up an IT joint venture with Rusnano in Tomsk, Russia
■Assisting a Rostec group company with setting up an IT joint venture in Russia with Alcatel-Lucent
■Comprehensive due diligence of Russian telecoms for Tele2 as part of the strategic major of mobile businesses between Tele2 and Rostelecom
Contact: Alexander Zyuba, Mikhail Motritch

Intellectual Property:
■Advising R-Pharm, Medbiopharm and other Russian pharmaceutical companies as regards the protection of their IP rights
■Counsel to Perfetti van Melle, one of the world’s leaders in the confectionary industry, on a potential IP dispute
■Counsel to Efes Pilsner in IP infringement litigation over the Zlatopramen beer brand
■Instructed by Borjomi, a leading Georgian producer of mineral water, in their IP infringement action against Russian Borjom
■Representing UralVagonZavod, Russia’s largest producer of railway cars and armoured vehicles, against Rospatent regarding its decision to annul UVZ railway car patent
Contact: Yuri Monastyrsky, Dmitry Lovyrev, Dmitry Mukhomorov, Anton Aleksandrov