Dmitry Lapshin

Local Partner, Moscow

Biography

“We can solve all questions with Dmitry: he is responsible and has great attention to detail.”
Chambers Global

Overview

Dmitry is a partner in our capital markets practice in Moscow. Dmitry advises clients on issues relating to equity and debt capital markets transactions. Clients also benefit from his knowledge and experience in corporate law, banking and securities regulations. Undaunted by scale or complexity, Dmitry has taken a leading role in a number of ground-breaking market firsts. Dmitry regularly works with the Firm's offices across the globe, to steer clients through complex, cross-border deals.

Dmitry is ranked as a top lawyer in Russia for capital markets by Chambers Global, Chambers Europe, IFLR and Legal 500. Dmitry is a member of the Primary Markets (IPO) Committee of the Moscow Exchange and actively participates in regulatory developments of the Russian financial market. Recently Dmitry has also been included into the Expert Council on Listing of the Moscow Exchange as an Expert Lawyer.

Bars and Courts
Qualified to practice law in the Russian Federation
Education
Degree in Jurisprudence
Moscow State University
Languages
English
Russian

Experience

Representation of BofA Securities, Citigroup Global Markets, J.P. Morgan Securities, Morgan Stanley & Co. International and VTB Capital, acting as Joint Global Coordinators and Joint Bookrunners, on the US$2 billion IPO of GDRs of Fix Price Group on the Main Market of the LSE and the Moscow Exchange. The transaction is the largest listing of a Russian retailer to date and the biggest Russian IPO since 2010.

Representation of J.P. Morgan, VTB Capital and UBS as joint global coordinators and joint bookrunners and Gazprombank as a joint bookrunner in connection with the US$275 million secondary offering of global depositary receipts of ROS AGRO, a leading Russian diversified agricultural holding with vertically integrated operations in the agriculture, oil and fat, sugar, and meat markets, listed on the London Stock Exchange and the Moscow Exchange.

Representation of Citigroup Global Markets Limited, J.P. Morgan AG and VTB Capital plc acting as joint global coordinators and joint bookrunners on the US$500 million initial public offering of United Medical Group CY PLC, Russia's leading multidisciplinary premium-class healthcare services provider operating under the European Medical Center brand, on the Moscow Exchange.

Representation of (as the sole international legal adviser) Aeroflot, Russia's largest airline group, and VTB Capital as the sole global coordinator and bookrunner on Aeroflot's US$1 billion plus equity fundraise.

Representation of Goldman Sachs, Morgan Stanley, Credit Suisse and VTB Capital as joint book running managers for the US$96.2 million secondary public offering of 5 million American Depositary Shares (ADSs) of HeadHunter, sold by a selling shareholder on NASDAQ.

Representation of Magnitogorsk Iron & Steel Works as guarantor on the offering by MMK International Capital DAC of US$500 million 4.375% notes due 2024 unconditionally and irrevocably guaranteed by Magnitogorsk Iron & Steel Works. The notes were listed on a regulated market of Euronext Dublin.

Representation of Morgan Stanley, Goldman Sachs, Credit Suisse, BofA Merril Lynch, VTB Capital and Sberbank CIB as underwriters in connection with an SEC registered, NASDAQ listed US$220 million initial public offering of American Depositary Shares (ADS) of HeadHunter, major Russian internet recruitment company.

Representation of SIBUR Holding on the tender offer in relation to US$500 million 4.125% Guaranteed Notes due 2023. The aggregate principal amount of notes accepted for purchase pursuant to the offer was US$192 million (October 2018); as well as on the tender offer in relation to US$1 billion 3.914% guaranteed notes due 2018. The aggregate principal amount of notes accepted for purchase pursuant to the offer was US$172 million. In conjunction with this tender offer, SIBUR issued new US$500 million 4.125% guaranteed notes due 2023, inter alia, to finance the purchase of the notes under the tender offer (October 2017).

Representation of Credit Bank of Moscow as borrower on its eurobond offerings since 2016 and several tender offers in relation to these eurobonds.

Representation of Sonera Holding B.V., a wholly owned subsidiary of Telia Company, in connection with its US$390 million placing of 6 percent stake in MegaFon to institutional investors by way of an accelerated bookbuilding offering.

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 Joint bookrunners (BCS Global Markets and Citigroup) in connection with US$60 million Initial public offering of ordinary shares of Globaltruck Management, one of the largest full-truck load trucking companies in Russia.

Representation of Joint bookrunners in connection with the RUB 6.2 billion (approximately US$100 million) initial public offering of ordinary shares of Obuv Rossii, the leader of the mid-price segment of Russia’s footwear market, on the Moscow Exchange.

Representation of Credit Bank of Moscow on the RUB 14.4 billion (approximately US$248 million) secondary public offering of ordinary shares on the Moscow Exchange.

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 B&N Bank as borrower in the offering on the international capital markets of US$150 million loan participation notes issued by, but with limited recourse to, B&N Bonds Designated Activity Company for the purpose of financing a loan to B&N Bank.

Representation of EuroChem, a leading Russian fertiliser producer, in a tender offer in relation to its US$750 million 5.125% loan participation notes due 2017. The aggregate principal amount of notes accepted for purchase pursuant to the offer was US$426 million. In conjunction with the tender offer EuroChem issued new US$500 million 3.8% loan participation notes due 2020 to, among others, finance the purchase of notes under the tender offer.

 

Awards and Recognition

Chambers Global 2019
Capital Markets, Russia

The Legal 500 2019
Leading individual, Capital Markets, Russia

IFLR 1000 2019
Highly regarded, Capital Markets, Russia

Ranked in Best Lawyers
Capital Markets