Lovells, Akin score lead roles on Lukoil facility

Lovells London partner Andrew Gamble and Moscow partner Alexander Rymko led a team advising lead arranger Deutsche Bank on the deal.

Akin Gump London partner Robert Aulsebrook led a team advising the Russian oil company, which will use the proceeds to finance exports of crude oil.

Rymko said: “This was a complicated deal because the timeframe was very tight. We had a month to complete and it involved a team in London, Moscow and Amsterdam.”

Lukoil confirmed its first international legal panel earlier this year, with six firms winning places out of the 15 that pitched.

Akin Gump, Baker & McKenzie, Clifford Chance, Dewey & LeBoeuf, LG and Canadian firm Macleod Dixon all won places.

In March LG launched an office in Moscow after securing a place on the Lukoil panel (The Lawyer, 26 March). The firm has teamed up with Russian firm Aurora, with LG London-based partner Richard Elphick working alongside the Russian firm’s four-­partner team.