International Industrial, Energy & Infrastructure Projects Legal and Commercial Issues for Project Development

31 May 20109:00am - 6:15pmSwissotel Krasnye Holmy, Moscow

Sponsored by:

THE COMPANIES THAT BENEFITED FROM THE COURSE SAY:

“The seminars have been very useful and practical, thoughtfully structured and generously described in all the handouts.” United Company RUSAL

“A useful experience overall.”Gazprom Neft

“Well organized seminar, areas covered in details and supported by structured workshop case studies.”VTB Capital

“It is important for the new businesses that come to the Middle East to get in touch with the leading law company in the region to seek advise and professional assistance”B&N Bank

WHY YOU SHOULD ATTEND

•Learnallaboutmanagingrisksuccessfullyininternationalprojects •Excelyourknowledgeofeffectivecorporatefinancingandtaxstructures,as well as current bankability issues •Exploretakingsecurityoverandprotectingstrategiesforassetslocatedin Russia and abroad •Gainadvancedknowledgeontheinterplaybetweentheproject,construction andfinancingdocuments •Masteryourskillsinmanaginginternationalenergy&infrastructuredisputes effectively

King&Spalding’sandHannesSnellman’spartnersprovideseminarsandin-housetrainingcoursesextensivelyaroundtheworldonallaspectsofstructuringandmanaginginternationalprojects,includingthefinancing,corporate structuring, project documentation, construction documents and dispute resolution.

King&SpaldingandHannesSnellmanwillholdaone-day intensive conference covering a range of novel issues forinternationalenergy&infrastructureprojects.Thiseventhasbeendesignedspecificallyfortheprofessionals,management and legal officers of oil & gas and construction industriesthroughoutRussiaandtheCISandwillbeofparticularinteresttothosewithcurrentorplannedprojectsinRussia,theCIS,theMiddleEast,AfricaandAsia.

Programme

9:15 – 9.30 Welcome (J.Bremen, S.Samuel, I.Zander, H.Jaatinen, M.Sterin) 9.30 – 10.15 Corporate Structures in International Projects (M.Sterin) •OffshoreandOnshoreHolding Structures •JointVentureandStrategicAlliance Issues •Shareholder’sAgreements 10.15 – 11.00 Project Delivery Models (J.Bremen) •Whichmodel? •DesignandConstruct,BOTand EPC •ProgressiveDeliveryModelssuchas EPCM and Relational Contracting 11.00 – 11.15 Coffee Break 11.15 – 12.00 Public-Private Partnerships (I.Zander, A.Sukhodolov) •CurrentPublic-PrivatePartnership Models •ContractualFrameworkand Stakeholders •ProspectsofPublic-Private PartnershipsinRussia 12.00 – 13.00 Project Finance Overview (S.Samuel) •CurrentProjectFinanceMarket •ContractualFramework •WhatBanksRequireandWhy? 13.00 – 14.00 Lunch 14.00 – 14.45 Private Equity Model of Project Development (H.Jaatinen) •CurrentPrivateEquityModels •ContractualFramework •WhatPEInvestorsExpectin InvestmentProjects? 14.45 – 15.30 Engineering Procurement and Construction Contracting, Security (J.Bremen) •CurrentMarketDevelopments •BankabilityIssues •PerformanceBonds/Bank Guarantees •ParentCompanyGuarantees •PracticalDraftingConsiderations

15.30 – 15.45 Coffee Break 15.45 – 16.30 Interplay Between Construction Contract and Finance and Security Documents During Project Construction Phase (S.Samuel, R.Sittnikow) •KeyIssuesonBankabilityandRisk Allocation During Construction Phase •ProtectionsforBanksDuring ConstructionPhase •ExposureofSponsortoInsolvencyof Project Company During ConstructionPhase •DealingwithProblemsArising Under Finance and Security Documents During Construction Phase •SecurityPackageDuring ConstructionPhase •Step-inUnderDirectAgreements •Sale-DealingwithSubstitutes: ShouldtheBankSelltheProject 16.30 – 17.15 Taxation Issues Encountered in Project Structuring (S.Lyubavskiy, A.Sukhodolov) •Organisingprotectionofacompany’s interestsbeforetaxauthorities •Taxrisksofagroupofcompanies •TaxConcessionsforInvestorsin Russia 17.15 – 17.30 Coffee Break 17.30 – 18.15 International Projects: Dispute Resolution Options (J.Bremen, R.Zykov, O.Arkhipov) •DisputeResolutionUnder International Standard Forms: FIDIC, ICE, and NEC •ExpertDetermination •InternationalMediationUnderICC and CEDR Rules •InternationalArbitrationIssuesfor Energy Projects •LitigationinForeignJurisdictions •EnforcementofForeignJudicial Decisions in Russia •EnforcementofForeignArbitral Awards in Russia

organisers

Hannes SnellmanisoneoftheleadinginternationallawfirmsprovidingafullrangeoflegalservicesontheNordicandRussianmarkets.Ourmainareasofexpertisearetransactionsupportandconflictmanagement.WithoperationsinHelsinki,Stockholm,MoscowandSt.Petersburg,thefirmemploysmorethan250highlymotivated,skilledandservice-mindedprofessionals.Theuniqueexperienceandstrongprofessionalqualificationsofourlawyershavebeenconfirmedbymanyprofessionalratingpublications,suchas IFLR 1000, Chambers Global and Chambers Europe, Legal 500, PLCWhich Lawyer?

King & Spaldingisoneoftheleadinginternationallawfirmsprovidinglegalservicesworldwideinallaspects of projects, construction and engineering. TheGlobalTransactionsgroupspecializesincomplexinternationalprojects(thescopeofourportfolioextendsintoAfrica,Europe,LatinAmerica,theMiddleEast,RussiaandtheCIS)includinginfrastructurerelatedtohydrocarbonextraction,tunnelling,mining,manufacturing,major transport projects, and power and water treatmentplants.King&SpaldinghasanumberofpublicandprivateorganizationsasclientssuchastheGovernmentofSaudiArabia,QatarPetroleum,Orascom, and UC RUSAL.

exPert sPeaker Panel

Oleg Arkhipov, is a Head of Russian Dispute Resolution Practice at Hannes Snellman.Oleghasextensiveexperiencerepresentingclientsincomplexdisputes

inArbitrazhcourts,courtsofgeneraljurisdictionandvariousstatebodies.Healsohasexperiencein real estate, construction, and bankruptcy proceedings.Olegistheauthorofresearchpublicationsoncontemporaryproblemsinthetheoryoflawandhasparticipatedindevelopinganumber of federal and regional regulatory acts. Oleg wasnamedas‘Recommendedlawyer’inthe2009edition of Legal 500: Dispute Resolution.

Heikki JaatinenistheHeadofMoscow office and one of leading expertsinPrivateEquityindustry.Hehasextensiveexperienceina

great number of domestic and cross-border transactions.Heikkihaspublishedseveralarticlesonorganizationalliabilityissues,andhasgivenpapersatbothdomesticandinternationalconferences. He is a founding member of AmericanChamberofCommerceinFinland

(AmCham).HeikkiwasnamedasLeadinglawyerinPrivateequity/venturecapitalbyPLCWhich Lawyer? andRecommendedlawyerinCorporate/M&A,Chambers Global 2010.

Stepan Lyubavskiy,isaHeadofRussianTaxPractice at Hannes Snellman. He focuses on taxplanningandstructuringissuesforbothforeign and domestic companies operating in

Russia. Stepan’s practice involves advising multinational clientsontax,currency,labour,andgeneralcorporatematters.Stepanadvisesclientsonvarioustaxissues,witha particular focus on Russian corporate and individual taxation,cross-bordertaxstructuringandtaxplanning,taxadviceformergersandacquisitions,transferpricing,taxcontroversies,andlitigation.Stepanhasco-authoredfourtextbookswrittenfortaxationcoursestaughtattheSaintPetersburgStateUniversityofEconomicsandFinanceandhaswrittenover15articlesontopicsrelatedtotheeconomicandlegalaspectsoftaxationwhichwerepublishedinvariousacademicandtradejournals,businessmagazines,andnewspapers.Hehasalso appeared as a speaker at numerous Russian and internationaleconomicsconferencesand,duringthelastfouryears,hascontributedtotheWorldBankandIFCannual ‘Doing Business’ reports.

Rabbe Sittnikow is a partner of M&A and PPP Practice at Hannes Snellman Helsinki Office.Hejoinedthefirmin1999andbecameapartnerin2007.Hehasover10yearsof

experienceofcorporatelawandvariousprivateandpublicM&Adeals,mostofwhichhaveinvolvedacross-borderelement.Asignificantamountofthedealshavealsoinvolvedeitherprivateequityfundsdirectlyorprivateequitybackedcompanies.Herecentlyspent15monthsasa resident partner at Hannes Snellman’s office in Moscow advising foreign clients on Russia related M&A and corporatematters.HealsohasconsiderableexperienceofPPP/PFIprojectshavingrepresentedtheFinnishGovernmentinthealltimelargestFinnishPPPprojectconcerningtheE18Muurla–Lohjamotorway.

Maxim Sterin, Counsel, is a Head of Russian Corporate and M&A Practice at Hannes Snellman.Hehasworkedwithnumeroustransactionsinvariousfieldsoflawandpractice

includingcomplexM&Aandjointventures,financeandIP,investmentprojectsandPublicPrivetPartnerships.HehasextensiveexperienceinrepresentingtheRussianandinternationalclientsinbothdomesticandcross-borderprojects.MaximrepresentedtheinterestsofinternationalandRussiancompaniesandfinancialinstitutionsbothasexternaladviserandasin-housecounselofabankandamajor international industrial corporation.

Anatoly Sukhodolov, Senior Associate, is a Head of Russian Investment and PPP Projects Practice at Hannes Snellman. Anatolyprimarilyworkswithgreenfield

investmentprojectsregardingtheconstructionofindustrialfacilitiesthroughoutRussia.Healsoadvisesclientsinthefieldsofcorporate,commercial,tax,andcontractlaw.AnatolyleadsourRussianPublicProcurement&Public-PrivatePartnershipPracticeandhasparticipatedindevelopingthemodelprocurementdocumentationforforthcomingpublic-privatepartnershipprojectsinSaintPetersburg. Before joining Hannes Snellman in 2006,AnatolyheldpositionofDeputyDirectoroftheLegalDepartmentinRussiancompanyproducing power generators and constructing power stations.

Ingvar Zander is a partner of Public Procurement and Infrastructure Projects Practice at Hannes Snellman StockholmOfficeandaleadingexpert

in international projects and public procurement. Overthelast30yearsIngvarhasbeenexclusivelyengagedinbusinesslawandmorethan8yearsin‘publicprocurement’.HehasassistedalargenumberofSwedishandforeignclientsinconnectionwithcomplexcontractlawmattersandhasextensiveexperienceofmattersrelatingtoregulatedmarketsas well as agreements governing major contracts andthesupplyofsystems.Ingvarrepresents,forexample,SLinconnectionwiththereconstructionandextensionofwhatistermedtheCrosswaysLine(Tvärbanan)andhasrepresentedtheCityofGothenburginrespectoftheprocurementoftramcars.

Roman Zykov is a counsel at International Arbitration Practice at Hannes Snellman Helsinki Office. Roman specializes in dispute resolution

wherehehasextensiveexperienceofawiderangeofcomplexinternationaldisputes.Hismainfocus is international commercial arbitration and litigation.Romanisalsoinvolvedintheresolutionof sports disputes. He is an active contributor to internationally known legal journals on commercial law and international arbitration. Roman is a guest lectureratLeidenUniversity(theNetherlands)andseveralRussianandFinnishUniversities.

James Bremen,aleadingexpertininternational projects and construction, is a partner of King & Spalding International LLPandwaspreviouslyatWhite&Case

LLP.Jameshasconsiderableemergingmarkets(Asia, Russia, CIS, Africa and Middle East) and European markets transactional and contentious experience,withparticularexpertiseinthemining/naturalresourcesandenergysectors.Headvisesinternationalclientsonsomeofthelargestandmostcomplexinternationalprojectsfortheconstructionof upstream and downstream facilities associated withhydrocarbonextraction,tunnelling,mining,manufacturers, major transport projects, and power andwatertreatmentplants.Jameshasworkedexclusivelyonconstructionandengineeringmatterssince 1998 and advises sponsors, developers, lenders, contractors, and consultants on all aspects ofprojectandfinancingdocumentationandhasextensiveexperienceininternationalarbitrationunderallofthemajorinstitutionalrules.Helecturesextensivelyonallpracticalmattersrelatedtointernationalprojectfinanceandconstruction,and international arbitration.

Scott Samuel isapartneroftheFinanceGroupintheLondonofficeofKing&Spalding.Hehasextensivecommercialexperiencewhichincludessyndicated

financing,structuredfinancing,acquisitionandprojectfinancing.Mr.Samuelhasadvisedsponsors, governments and lenders on a number of complexinternationalfinancings.Mr.SamuelisamemberoftheFirm’sEnergyIndustriesPracticeGroupandhispracticefocusesonthefinancingofpowergeneration,mining,LNGliquefactionandre-gasificationfacilities,pipelineandotherinfrastructure projects. Mr. Samuel was voted one ofAsia’sleadinglawyersinthefieldsofBankingandProject Finance by Asia Law & Practice.

International Industrial, Energy & Infrastructure Projects Legal and Commercial Issues for Project Development

CONFERENCE INFORMATION AND REGISTRATION FORM

Date: 31 May 2010Time: 9:00am - 6:15pm Venue: Swissotel Krasnye Holmy, Moscow

Registration fee: US$100* (VAT included) per person (non-refundable)

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