Financial Institutions, Fintech

Financial Institutions, Fintech

FinTech refers to the use of modern technologies — such as artificial intelligence, machine learning, automation, blockchain, cloud computing, and biometrics — to provide financial services. Today, technology has become the foundation for most financial operations, ranging from routine payments and loans to insurance and investments.  The Russian FinTech market is one of the most dynamically developing and technologically advanced sectors of the Russian economy.  Despite geopolitical challenges and sanctions pressure, the market has not only adapted but also demonstrates a high degree of digitalization, often outpacing many Western countries in the speed of user service implementation. The key market players are banking groups, technology platforms, and payment systems.  Like any project in the digital technology sector, FinTech projects are always unique, and their legal support requires, above all, an understanding of the technology being implemented, knowledge of global best practices, and a comprehensive analysis of applicable regulations — including regulatory requirements, data protection and processing, intellectual property, and cybersecurity. 

Projects

One of Russia’s Largest Investment Holding Companies

Representation in a dispute with the seller arising from a share purchase agreement for a Russian bank under the rules of International Chamber of Commerce (ICC)

Seghezha Group and its Largest Shareholder, AFK Sistema

Advising on the placement of an additional issue of shares in PJSC Segezha Group worth 113 billion rubles as part of the restructuring of debt owed to major Russian banks (including the subsequent issuance of structured bonds secured by the issued shares)

A Leading Russian Bank

RUB 30 billion debt restructuring of a major Russian real estate developer (the owner of a shopping mall chain), including the structuring of complex option mechanics and a bespoke bidding procedure agreement

A Russian Lender

Cross-border RUB 15 billion trade finance transaction for a UAE-based borrower (jurisdictions: Russia, UAE, Hong Kong, Indonesia)

One of the largest state-owned banks

Representation in a dispute before the U.S. District Court for the Southern District of New York in high-stakes litigation involving an action by investors seeking to enforce a $200 million Eastern European court judgment

Sber Group

Advising on the acquisition of a 41.9% stake in Element PJSC, a leading Russian manufacturer of microelectronics and semiconductors. The transaction was valued at 27 billion rubles

Sber Group

Advising on the acquisition of the status of an operator of an information system used for the issuance of digital financial assets (Sbertoken)

VEB.RF

representation in a number of disputes before the Czech Republic’s state courts arising from the insolvency of the country’s largest steelmaker, involving claims exceeding €200 million

Team

Awards

Pravo

News

Advising AFK Sistema on a 320-billion-ruble transaction Advising AFK Sistema on a 320-billion-ruble transaction
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