Hogan Lovells Advises the OPEN JOINT STOCK COMPANY “RUSNANO” on its US Project on Investment in BiOptix Diagnostics, Inc. (USA)

Hogan Lovells advised the OPEN JOINT STOCK COMPANY “RUSNANO” (“RUSNANO”), a major Russian investment and development company controlled by the Russian Government, on its investment in BiOptix Diagnostics, Inc. (USA) (“BiOptix”), a start-up analytical instrument company which uses a novel technology to enable label-free detection of biological samples.  The deal completed on 18 March 2011.

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Dechert Advises Kinross Gold Corporation on US$350m Acquisition of 25% Stake in Gold and Silver Mining Company in Russia

International law firm Dechert LLP’s Moscow team is representing Kinross Gold Corporation (“Kinross”) (TSX: K, NYSE: KGC) on its US$350 million acquisition of a 25% stake in Chukotka Mining and Geological Company (CMGC), the 100% owner of the Kupol gold and silver mine in the Chukotka Autonomous Okrug of the Far East Region of the Russian Federation. CMGC is currently owned 75% by Kinross and 25% by the State Unitary Enterprise of the Chukotsky Autonomous Okrug (Chukotsnab). The proposed acquisition – which signed on 4th April – would bring Kinross’s total stake in CMGC to 100%. The consideration is subject to adjustments equal to the amount of the attributable dividend payments. Kinross intends to finance the acquisition costs in part though a non-recourse debt facility of approximately US$200 million, on which Dechert is also advising Kinross.

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White & Case Advises TNK-BP on the US$1.8 Billion Acquisition of BP’s assets in Venezuela and Vietnam

 Global law firm White & Case acted as counsel to TNK-BP, Russia’s third largest oil company, on its US$1.8 billion acquisition of BP’s upstream and pipeline assets in Vietnam and Venezuela. An agreement between TNK-BP and BP p.l.c. was reached on 18 October 2010, and subject to the required government approvals and the fulfillment of other agreed pre-closing conditions, the transaction is expected to close in the first half of 2011.

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Dechert Hires Clifford Chance Moscow Head

Dechert has just scored Clifford Chance’s head of litigation and arbitration in Moscow. Ivan Marisin, who has spent the last 18 years with Clifford has just joined Dechert. Marisin brings along Vasily Kuznetsov, counsel and Alexander Sidorov, associate.

 

Souce:  www.thelawyer.com

Tags:  Dechert LLP | Moscow