Darina Lozovsky | White & Case LLP International Law Firm, Global Law Practice
Darina Lozovsky
Darina Lozovsky

Darina Lozovsky

Partner, Moscow, London

T +7 495 645 4928

T +44 20 7532 1461

E dlozovsky@whitecase.com

“Not only is she a strong lawyer who is very good at detail, she is also a great relationship manager.”

Chambers Global 2014

Overview

Darina is the head of our Capital Markets practice in Russia and shares her time between Moscow and London offices. She focuses on international capital markets and securities transactions and regularly represents issuers, underwriters and placement agents in a variety of Rule 144A/Regulation S equity and debt offerings. In its latest editions The Legal 500 notes: "Practice head Darina Lozovsky is 'very proactive, supportive and client-focused', 'easy to work with and very responsive'". Chambers Global in its 2014, 2015 and 2016 editions reports: "US-qualified Darina Lozovsky is labelled as 'very proactive and enthusiastic'". "She is a rainmaker and a strong US lawyer who understands Russia", "Not only is she a strong lawyer who is very good at detail, she is also a great relationship manager," clients say.

Prior to joining White & Case, Darina had been a member of the capital markets group at a magic circle firm in Moscow. In addition, Darina has also been a member of the capital markets group at a leading law firm in New York where she represented underwriters and issuers in transactions involving commercial mortgage backed securities.

Bars and Courts

  • New York State Bar

Education

  • JD, New York University School of Law
  • BA, University of the Pacific

Languages

  • Russian
  • English

Experience

Representation of Detsky mir, Russia's largest children's goods retailer, as issuer, and Sistema, as selling shareholder, on the RUB 21.1 billion (approximately US$360 million) initial public offering of up to 33.55 percent of Detsky mir's ordinary shares on the Moscow Exchange.

Representation of Credit Suisse, Morgan Stanley, VTB Capital and Aton, as Joint Bookrunners, on the fully-marketed RUB 10,416.7 million (approximately US$175 million) secondary public offering of 138,888,888 existing ordinary shares of TMK, a leading global manufacturer and supplier of tubular products for the oil and gas industry.

Representation of Sberbank CIB as agent to the Russian Federation, and Sberbank CIB and VTB Capital as joint global coordinators and joint bookrunners, on the US$812 million privatization of the Russian Federation's 10.9 percent stake in the charter capital of ALROSA, the world's leading diamond mining company in terms of diamond production. The deal is the largest privatization transaction via offering of local shares in Russia since the 2013 IPO of ALROSA when we also represented joint bookrunners in connection with the US$1.3 billion offering of shares of ALROSA on the MICEX Stock Exchange.

Representation of J.P. Morgan, UBS and VTB Capital as joint global coordinators and joint bookrunners on a US$250 million, Rule 144A/Regulation S equity offering by ROS AGRO of global depositary receipts listed on the London Stock Exchange and Moscow Exchange.

Representation of Barclays Bank and VTB Capital as dealer managers on the tender offer with regard to ordinary shares and GDRs of Uralkali for the total purchase price of approximately US$2.1 billion.

Representation of SIBUR as guarantor in the offering on the international capital markets of US$500 million 4.125% Guaranteed Notes issued by SIBUR Securities DAC and unconditionally and irrevocably guaranteed by SIBUR Holding.

Representation of Representation of the Republic of Belarus as issuer of the dual-tranche Regulation S/Rule 144A Senior Unsecured US$800 million 6.875% Notes due 2023 and US$600 million 7.625% Notes due 2027.

Representation of Credit Bank of Moscow as borrower on the offering by CBOM Finance plc of US$700 million 8.875% perpetual callable loan participation notes to finance a subordinated loan to Credit Bank of Moscow to increase Basel-III regulatory capital.

Representation of Credit Bank of Moscow as borrower in a tender offer in relation to its US$500 million 8.70% loan participation notes due 2018. The aggregate principal amount of the notes accepted for purchase pursuant to the offer was US$393.8 million. In conjunction with the tender offer, Credit Bank of Moscow issued new US$600 million 7.50% loan participation notes due 2027 primarily to finance the purchase of loan participation notes under the tender offer.

Representation of Credit Bank of Moscow as borrower in the offering on the international capital markets of US$500 million 5.875% loan participation notes issued by, but with limited recourse to, CBOM Finance plc for the sole purpose of financing a loan to Credit Bank of Moscow. As of the completion date, the deal was the longest maturity transaction among similar instruments issued by Russian banks since mid-2014.

Awards & Recognition

Leading Lawyer, Chambers Global 2017

Capital Markets – Russia

Recommended Lawyer, The Legal 500 EMEA 2017

Capital Markets - Russia