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Timothy Stubbs

Timothy Stubbs

OFFICE DETAILS

  • London
    Millennium Bridge House
    2 Lambeth Hill
    London EC4V 4AJ
    United Kingdom
  • Moscow
    Balchug Plaza
    Ul. Balchug, 7
    115035 Moscow
    Russian Federation

PRACTICE AREAS

SECTORS

Partner

    • T  +7 495 644 0500 ; +44 20 7429 6000
    F  +7 495 644 0599 ; +44 20 7429 6001
    E  
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Timothy Stubbs is a partner in Salans' Moscow office and head of the Russian Banking and Finance department. Timothy concentrates on banking, corporate and commercial law, with particular emphasis on Central and Eastern Europe and the CIS. He frequently travels to St. Petersburg where he was based for 6½ years (1993-1999), during much of which period he acted as the office's Managing Partner.

He returned to the firm in January 2003 following a two-year working sabbatical at the Office of General Counsel (OGC) of the European Bank for Reconstruction and Development (EBRD) in London (2001-2002).

Tim has devoted the last 18 of his 24-year career to advising multinationals, IFIs and banks on Russian transactions of all types, including various secured loans.

Chambers Global, Legal 500 and European Legal Experts rank Tim as a recognised individual in Banking and Finance. Chambers Europe ranks Tim in Banking and Finance, PPP and Private Equity.

Recent Experience:

  • Advising the holders of USD 100 million in LPNs issued by Nutritek (Russia's leading babyfood and infant formula manufacturer) in a restructuring
  • Advising the holders of USD 150 million in LPNs issued by Finance Leasing Corporation (a state-owned Russian aircraft leasing company) in a restructuring
  • Advising various Western banks in the enforcement and/or foreclosure of their security in a variety of secured loans in default
  • Advising a leading Russian commercial bank on a USD 670 million trade credit facility for financing of export of natural gas from Russia
  • Advising a leading Russian natural resources firm in the negotiation of an aggregate USD 250 million in senior syndicated facilities from Western European banks
  • Advising SRV-Okhta, a Russian-Finnish property development joint venture, on the planning, structuring and implementation of a EUR 200 million retail shopping, entertainment, hotel and office centre in St. Petersburg, Russia being financed on a limited-recourse basis
  • Advising the Overseas Private Investment Corporation (OPIC) on the USD 125 million secured financing of a leading mortgage finance bank in Moscow
  • Advising a European-based IFI on its combined EUR 46.9 million equivalent straight Russian Rouble loans to the City of Yakutsk, to the Yakutsk City Water Company Vodokanal and to the Communal and Housing Services Enterprise of the Republic of Sakha (Yakutia)
  • Advising a European-based IFI on its EUR 50 million loan for construction of a tyre-manufacturing facility in Leningrad Oblast, Russia
  • Advising a European-based IFI on its USD 30 million loan for construction of four (4) Lenta-branded hypermarkets in St. Petersburg, Russia
  • Advising a European-based IFI on its combined USD 13.15 million loans to finance establishment and expansion of food production by Romanian and Kazakh subsidiaries of the leading Turkish food group, Yildiz
  • Advising a European-based IFI on the USD 90 million secured financing of the reconstruction of a landmark property into a luxury retail shopping/entertainment complex in Moscow
  • Advising two European-based IFIs on their senior loans (EUR 23.8 million and EUR 9 million, respectively) to the St. Petersburg City Water Company Vodokanal, for co-financing of a EUR 49.4 million design and build contract for a sludge incinerator
  • Leading a Salans team acting as principal legal adviser in a consortium advising the City of Moscow on electric energy distribution asset restructurings
  • Advising a US-based energy company in the bidding on and structuring of an investment in a gas-fired co-generation plant in Moscow, Russia
  • Advising a Russian entrepreneur in connection with the disposal of interests in a hotel property in the historic city centre of St. Petersburg, Russia
  • Advising a private equity fund in its acquisition of a substantial minority stake in a Moscow mortgage bank
  • Advising a consortium of Western investors in the acquisition of a 25%-plus-1-share stake in a Moscow commercial bank
  • Advising a leading US-based FMCG producer in connection with Russian legal issues related to its US merger and consequent Russian corporate restructurings

Career:

  • Joined Salans in 1992
  • Admitted to the District of Columbia bar in 1992 (currently inactive)
  • Admitted to the New York bar in 1989
  • Admitted to the Illinois bar in 1986 (currently inactive)

Education:

  • University of Michigan - Law (B.A., 1982; J.D., 1985; M.A., 1986)
  • Leningrad State University, Leningrad, USSR (1984)
  • Institute for American Universities, Aix-en-Provence, France (1979-1980)

Languages:

  • English
  • Russian
  • French

Publications: