PB Legal is a law firm whose focus is complicated cases, including complex disputes in Russia and abroad.

PB Legal is a law firm whose focus is complicated cases, including complex disputes in Russia and abroad.

Our firm is unique in that it has been set up by professionals with many years experience working in leading lawfirms and major Russian and foreign corporate groups.

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Publications

We are happy to announce that Alexander Panin, a managing partner of PB Legal | Panin, Bayramkulov & Partners, and Anna Scherbakova, an associate of PB Legal | Panin, Bayramkulov & Partners, are recommended by the "Best Lawyers" rating.

We are happy to announce that Alexander Panin, a managing partner of PB Legal | Panin, Bayramkulov & Partners, and Anna Scherbakova, an associate of PB Legal | Panin, Bayramkulov & Partners, are recommended by the "Best Lawyers" rating.

Alexander Panin is recommended in the "International Arbitration" practice area, and Anna Scherbakova is recommended in the "Bankruptcy" practice area.

Best Lawyers is one of the most respected international peer review publications in the legal profession. The list of recommended legal consultants in Russia is published here: Best Lawyers List for Russia.

On 19 May 2021 Alexander Panin, managing partner of PB Legal | Panin, Bayramkulov & Partners, took part in the St. Petersburg International Legal Forum in the section "SAR: Results of Operation and Prospects for Further Development".

On 19 May 2021 Alexander Panin, managing partner of PB Legal | Panin, Bayramkulov & Partners, took part in the St. Petersburg International Legal Forum in the section "SAR: Results of Operation and Prospects for Further Development".

Representatives of the Ministry of Economic Development of the Russian Federation and specialists in the Expert group "Corporate management, Special Administrative Regions, Bankruptcy, Audit" of this Ministry also took part in the section.

Alexander discussed with his colleagues the development of "trust" mechanisms of special administrative regions (SAR). According to the view of the Ministry of Economic Development, such mechanism shall be implemented by establishing an international fund, which is entitled to dispose of the property and allot profits to individuals.

Alexander touched upon the opportunities provided by the new type of international funds, as well as the degree of protection of the rights of founders and beneficiaries. He expressed the opinion that the list of methods of protection should be made as wide as possible, while the founders and beneficiaries should be able to demand from the international fund to provide any documents related to its activities, as well as challenge the transactions of the international fund concluded to the detriment of it.

By the decision of the Government Commission for Economic Development and Integration of March 26, 2020, Alexander Panin was included in the Expert Group "Corporate management, Special Administrative Regions, Bankruptcy, Audit" under the Ministry of Economic Development. Alexander also took an active part in the development of draft laws related to the creation of trust in the Russian jurisdiction.

Lawyers of PB Legal | Panin, Bayramkulov & Partners have secured an amicable settlement in the Arbitration Court of the Moscow Region in the replevin case.
A large Kazakh mining company handed over equipment to an independent contractor. The latter handed it over to a subcontractor which constituted a breach of contract.

Lawyers of PB Legal | Panin, Bayramkulov & Partners have secured an amicable settlement in the Arbitration Court of the Moscow Region in the replevin case.

A large Kazakh mining company handed over equipment to an independent contractor. The latter handed it over to a subcontractor which constituted a breach of contract. Then an independent contractor stopped communicating and the subcontractor withheld the equipment to secure the payment obligations.

Despite the difficulties due to the cross-border nature of the case, PB Legal | Panin, Bayramkulov & Partners specialists managed to work out favorable conditions for both parties regarding the procedure for the transfer of equipment. Thus, PB Legal | Panin, Bayramkulov & Partners lawyers made it possible to settle the dispute amicably and eliminate the risks associated with litigation for the client.

Specialists that took part in the project: Alan Bayramkulov, Sergey Kim, Nadezhda Simakova.

All Publications (108)

Projects

Strategy of acquiring a distressed asset and structuring the transaction in order to mitigate risks.

Our client is a major mining company engaged in comprehensive field development and investment in them. The goal of the client was to acquire a stake in a company holding a license to develop a large field in the Republic of Bashkortostan.

Our client is a major mining company engaged in comprehensive field development and investment in them. The goal of the client was to acquire a stake in a company holding a license to develop a large field in the Republic of Bashkortostan.

The transaction to acquire the stake was complicated by the fact that the sole participant of the company was involved in court proceedings and corporate conflicts, including with the Deposit Insurance Agency. Also, a significant part of the property, which is necessary for the normal conduct of the company, belonged to its parent company. Therefore, there was a problem of structuring the transaction in a way to acquire both the company and the property necessary for its operation with the least risk.

The PB Legal | Panin, Bayramkulov & Partners team prepared for the client the strategy to mitigate any bankruptcy and corporate risks of the transaction. Based on vast experience in dealing with distressed assets, PB Legal | Panin, Bayramkulov & Partners lawyers developed a structure for the safest possible acquisition of a share in the company and the property necessary for its activities. The implementation of the said structure allowed the only participant of the company to repay its debts as well as resolve existing corporate conflicts. The solution proposed by PB Legal | Panin, Bayramkulov & Partners minimised significant risks associated with the project and secured the client's investment.

Developing a debt collection strategy for a state-owned company for an option to sell a stake in a Russian mining company.

Our client is a Russian state-owned company that invested capital in a mining company. The client entered into an option agreement with the company's second shareholder, under which he had the right to sell him his stake at a premium. Payment of the purchase price was guaranteed by the mining company itself.

Our client is a Russian state-owned company that invested capital in a mining company. The client entered into an option agreement with the company's second shareholder, under which he had the right to sell him his stake at a premium. Payment of the purchase price was guaranteed by the mining company itself.

Foreseeing the buyer's breach of obligations to pay for the stake, the client asked us to develop a debt collection strategy. Debt collection was complicated by the fact that the buyer was an offshore company. Along with the client there was an international bank claiming the assets of the buyer and the company, while filing claims against the company as guarantor could have provoked its bankruptcy.

We carefully studied all significant aspects of the client’s case: the option terms, the company's corporate and financial documents to model possible scenarios. Under each of the scenarios, we offered the client tools to fully satisfy its claims or minimise losses in the event of an unfavorable development of events.

Drafting the concept of the new bill for one of the major Russian banks that reforms the legislation on indemnification. Drafting the amendment bill to the article 406.1 of the Russian Civil Code and the explanatory note to it.

Our client is one of the largest Russian banks. The bank often has to structure corporate legal relations under Russian law. The significant problem of the Russian legislature is overly restrictive nature of indemnification (Article 406.1 of the Russian Civil Code).

Our client is one of the largest Russian banks. The bank often has to structure corporate legal relations under Russian law. The significant problem of the Russian legislature is overly restrictive nature of indemnification (Article 406.1 of the Russian Civil Code). Most of the stipulated limitations are unreasonable and make effective allocation of risks difficult for business.

We have prepared a full overview of the leading legal systems’ approaches to regulation of the indemnification and its’ equivalents for our client. Based on the best legislative practices we developed the concept of the amendment bill to the current legislation on indemnification as well as the bill itself and the explanatory note to it. The extensive experience in legislative work of PB Legal | Panin, Bayramkulov & Partners made it possible to draft these documents which should form the basis of the civil law reform in terms of indemnification.

All projects (82)