Lovells, Akin score lead roles on Lukoil facility
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Lovells and Akin Gump Strauss Hauer & Feld have scored lead roles advising on a $1.2bn (£760m) Lukoil loan 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.
