Egorov Puginsky Afanasiev and Partners has acted as legal advisor to the special committee on the rights of Russian bondholders in the international debt restructuring of the Roust Corporation, which the firm describes as "one of the largest producers of vodka in the world."
The financial restructuring of Roust, according to EPAM, "has become one of the few examples of restructuring of the financial debt of a Russian holding carried out in accordance with Chapter 11 of the US Bankruptcy Code. As a result of the restructuring the consolidated debt of the Roust group declined by about USD 462 million, and the group received an additional USD 55 million in the form of equity financing and certain strategic business assets."
The EPAM team was led by Partner Dmitry Stepanov and included Alexander Mandzhiev, Pavel Sadovsky, Anton Alekseev, Teymur Huseynov, Andrei Golovanov, and Maria Demina.
by DAVID STUCKEY, CEE Legal Matters