VladimirLechtman

Of Counsel

Washington + 1.202.879.7673

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Vladimir Lechtman has 35 years of transactional experience with particular focus on cross-border M&A. He has advised public and private companies on numerous acquisitions, divestitures, joint ventures, strategic alliances, and reorganizations. His experience spans many industries, including oil and gas, manufacturing, telecommunications, media, aerospace, financial services, retail, metals, and mining.

Vladimir has acted as lead counsel in some of the most significant transactions related to Russia. Representative transactions include advising: AAR on the formation of TNK-BP, its $18 billion joint venture with BP; AAR on the $1.3 billion sale of its Slavneft stake to TNK-BP; Alfa Group in AAR's $3.7 billion monetization of rights to future delivery of BP ordinary shares; Rosneft on its $3.5 billion joint venture with Sinopec; Alfa Group on its $3.3 billion Turkcell joint venture with Cukorova; Sukhoi on its aviation joint venture with Alenia; Altimo on the formation of VimpelCom, Ltd. by merger of Altimo's and Telenor's respective holdings in VimpleComp and Kyivstar valued at $24 billion; Alfa Group on the $1.1 billion sale of its stake in CTC Media; and Alfa Group on the formation of Letterone, a $30 billion investment structure for holding technology, oil and gas, and other assets.

Companies Vladimir has represented in substantial matters in the region include Alfa-Bank, Alfa-Finance, Altimo, Basic Element, Eldorado, ENRC, Letterone, Lukoil, OMK, Rosneft, Roust Corporation, Sukhoi, and TNK-BP. He is active in pro bono representations with a focus on immigration and asylum.

Vladimir began his legal career at Jones Day in 1987 upon graduation from law school.

Experience

  • Lamb Weston forms Russian joint ventureJones Day advised ConAgra Foods, Inc. in connection with a €100 million joint venture between Lamb Weston/Meijer and Belaya Dacha to construct and operate the first of its kind potato processing plant in Russia to serve the rapidly growing Russian French fry market.
  • Alfa Group spins off telecoms assets into LetteroneJones Day advised Alfa Group and Letterone on the spin off of Alfa Group's telecoms assets into Letterone, principally its 47.85 percent shareholding in VimpelCom, the world's sixth largest mobile network operator, and its 13.22 percent beneficial interest in Turkcell, the leading mobile operator in Turkey, including the buy-out of certain minorities in the Alfa Group's historic telecoms shareholding structure.
  • Alfa Group forms LetteroneJones Day advised Alfa Group and Letterone in connection with the formation of Letterone, a $30 billion investment structure for holding technology, oil and gas, and certain other assets.
  • Rosneft signs agreement to acquire Alrosa oil and gas assets valued at approximately $1.4 billionJones Day advised Rosneft in the acquisition of oil and gas assets from OJSC Alrosa in a series of transactions valued at approximately $1.4 billion.
  • Alfa Group sells interest in CTC Media for $1.1 billionJones Day represented Alfa Group in connection with the $1.1 billion sale of its 25.1 percent beneficial interest in CTC Media, Inc. to Telcrest Investments Limited.
  • Altimo and Telenor sign $23.8 billion deal to create one of the largest emerging markets mobile operatorsJones Day represented Altimo in the $23.8 billion transaction between Altimo and Telenor to combine their respective holdings in VimpelCom and Kyivstar under a newly formed VimpelCom, Ltd.
  • Sukhoi forms strategic partnership with Alenia AeronauticaJones Day represented Sukhoi Civil Aircraft Company (SCAC) in connection with the formation of a joint venture in the field of commercial aviation with Alenia Aeronautica S.p.A. and the sale of a 25 percent plus one share equity stake in SCAC to Alenia Aeronautica S.p.A.
  • Eldorado forms largest retail consumer electronics joint venture in RussiaJones Day represented Eldorado Group in connection with the formation of the largest retail consumer electronics joint venture in Russia with PPF Group (PPF), including the acquisition by PPF of a majority stake in the joint venture for $300 million by converting into equity a portion of debt financing previously provided to Eldorado by PPF.
  • Golden Telecom is acquired by VimpelCom in a $4.3 billion tender offerJones Day advised Altimo Holdings & Investments Limited, a significant indirect shareholder in Golden Telecom, Inc. ("Golden Telecom") and OJSC "Vimpel-Communications" ("VimpelCom"), in connection with the $4.3 billion tender offer by a subsidiary of VimpelCom for 100% of the shares of Golden Telecom.
  • ENRC obtains $1.5 billion trade finance facility in Deal of the YearJones Day advised ENRC in connection with the $1.5 billion syndicated trade finance facility - at the time the largest syndicated pre-export finance facility for a first-time borrower named a trade finance deal of the year by several leading trade finance publications.
  • ENRC completes $3 billion IPO with offering on the Main Market of the London Stock ExchangeJones Day advised Eurasian Natural Resources Corporation plc (ENRC) on its primary listing on the Main Market of the UK Listing Authority and admission to trading on the London Stock Exchange and related US$3 billion global offer by Deutsche Bank, as sole global coordinator, sponsor, and joint bookrunner, and Credit Suisse, Morgan Stanley, and ABN AMRO Rothschild, as joint bookrunners.
  • Rosneft forms $3.5 billion joint venture with SinopecJones Day advised Rosneft in connection with the formation of $3.5 billion joint venture with Sinopec to own and operate Udmurtneft, a leading Russian oil company.
  • Alfa Group forms $3.3 billion Turkcell joint venture with Cukurova GroupJones Day advised Alfa Group in connection with its $3.3 billion joint venture with the Cukurova Group to hold a 27 percent stake in Turkcell, a leading Turkish mobile operator.
  • Alfa Group obtains $3.7 billion monetization financingJones Day advised Alfa Group on the $3.7 billion monetization by Alfa Group and Access-Renova Group of their respective rights to future delivery of new BP Ordinary Shares pursuant to the terms of the TNK-BP joint venture through the issuance of Zero Coupon Secured Notes amortizing on various settlement dates for delivery coupled with structured equity hedging arrangements on the BP shares - one of the largest-ever monetization financings and the first of its kind in the derivatives and capital markets.
  • Alfa Group and Access-Renova sell interest in OAO Slavneft to TNK-BP for $1.3 billionJones Day advised Alfa Group and Access-Renova Group on their sale of a 49.5% interest in OAO Slavneft to TNK-BP for $1.3 billion.
  • Alfa Group and Access-Renova form $18 billion TNK-BP joint venture with BPJones Day advised Alfa Group and Access-Renova Group (AAR) in the formation of TNK-BP, a $18 billion 50/50 joint venture between BP p.l.c. and AAR - the largest Russian corporate deal at the time signed at a ceremony attended by Russian President Vladimir Putin and British Prime Minister Tony Blair, which created the third largest Russian oil and gas company and the tenth largest in the world.
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    June 2018 Alert

    Russian President Putin Signs New Law in Retaliation for U.S. Sanctions

    May 2018 Commentary

    Russian Parliament Introduces New Legislation in Retaliation for U.S. Sanctions

    April 2018 Alert

    Russia Prepares to Retaliate for U.S. Sanctions

    April 2018 Commentary

    U.S. Sanctions Imposed on Russian Individuals, Associated Entities and Government Officials

    December 2015 Alert

    Protectionist Legislation Could Restrict Ability of Multinational Businesses to Obtain Information about Russian Subsidiaries and Satellite Offices

    July 2014 Commentary

    Ongoing Legal Developments in Response to the Situation in Ukraine

    March 2014 Commentary

    Continuing Legal Developments in Response to the Situation in Ukraine

    March 2014 Alert

    Further Legal Developments in Response to the Situation in Ukraine

    March 2014 Commentary

    Imposition of Sanctions Measures in Response to the Developing Crisis in Ukraine

    December 2012 Commentary

    Russia's Accession to the World Trade Organization: Challenges and Opportunities for Russian Companies
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