Dmitry Lapshin | White & Case LLP International Law Firm, Global Law Practice
Dmitry Lapshin
Dmitry Lapshin

Dmitry Lapshin

Local Partner, Moscow

T +7 495 787 3024

T +7 495 787 3000

E dlapshin@whitecase.com

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 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.

Bars and Courts

  • Qualified to practice law in the Russian Federation

Education

  • Degree in Jurisprudence, Moscow State University

Languages

  • English
  • Russian

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 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 Joint global coordinators and joint bookrunners in connection with US$469 million follow-on offering by the Central Bank of Russia of shares in the charter capital of Moscow Exchange. Earlier in 2013 represented joint global coordinators and joint bookrunners in the RUB 15 billion (US$500 million) offering of shares in the charter capital of Moscow Exchange with the listing on Moscow Exchange. At that time, the deal was the largest initial domestic share offering in Russia and the largest securities exchange IPO.

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 p.l.c. 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, 2017

Capital Markets – Russia