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Portrait of Konstantin Baranov

Konstantin Baranov

Partner
Head of Banking & Finance

CMS Russia
Naberezhnaya Tower, block C
10 Presnenskaya Naberezhnaya
123112 Moscow
Russia
Languages Russian, English, Spanish

Konstantin Baranov is a partner heading the Banking & Finance and Capital Markets teams in Moscow. 

He has 25 years’ experience in representing financial institutions and corporates on a wide range of cross-border banking and finance transactions with particular focus on project, real estate, acquisition and trade finance transactions. His other major areas of expertise cover various financial regulation, banking regulatory, investment, and restructuring and insolvency issues. 

Konstantin combines his extensive private practice experience with a substantial in-house career, as before moving to his first international law firm in Moscow, he worked as an in-house lawyer for Russian subsidiaries of ING Group and a Russian major state-owned bank. Also, he worked as the head of legal of the Russian subsidiary bank of The Royal Bank of Scotland (one-year secondment).

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Relevant experience

  • Aareal Bank – on an extension and conversion of EUR 300m structured syndicated loan to a Russian-based developer for refinancing three real estate projects in Moscow.
  • BP Oil – advising on Russian security instruments (a pledge over oil products, a suretyship) used for a commodity finance transaction.
  • EBRD – advising on EUR 90m loan to a Russian subsidiary of a Turkish glass producer for the construction and operation of a greenfield float and mirror glass production facility, a USD 35m loan to a joint venture to set up a coal tar distillation facility and a RUB 700m loan to a Russian subsidiary of a French group for the construction and operation of a new air separation unit.
  • Frigoglass – acting as Russian counsel for the issuer of EUR 260m senior secured notes arranged by Morgan Stanley and Citigroup and advising on the refinancing of domestic facilities.
  • Gazprombank – on a restructuring of a RUB 14bn secured facility for a port construction to a member of Mechel group of companies.
  • Gazprombank – on a transfer to VTB Group of a RUB 9bn subordinated loan provided to the project company under the Western High-Speed Diameter toll road project in Saint Petersburg.
  • Joint venture between RCI Banque SA, Nissan Motor Company and UniCredit Bank Austria AG – regulatory advice on a EUR 200m joint venture to launch a captive Russian bank for a number of major auto brands (including obtaining of the Central Bank of Russia’s preliminary consents, relating to the acquisition of the shares in a Russian bank and its further share capital increases).
  • Huadian-Teninskaya Combined Cycle Power Plant – on a USD 399m syndicated facility from a major Chinese Bank for the purpose of constructing a 45-megawatt thermal power plant in Russia, with a total investment amount estimated at RUR 20bn.
  • Hungarian Export-Import Bank – a restructuring of its financing to a Hungarian construction company in relation to a residential real estate project backed by a state regional guarantee and a MEHIB policy.
  • North West Concession Company – on a financing of a USD 2bn project in relation to the 15-58 km toll road between Moscow and St. Petersburg.
  • OTP Bank – advising on the ISDA Master Agreements to be entered with major international financial institutions.
  • Raiffeisenbank – on a USD 47.5m and a USD 33m credit facilities to a major Russian warehouse development group.
  • Raiffeisenbank – advising on a USD 60m oil trade finance facility to a Dutch oil trader.
  • SCCF – advising on Russian security instruments (including, a pledge over oil products) used within the framework of a physical commodity (crude oil and refined oil) finance transaction.
  • Syndicate of leading international banks – on a USD 420m five-year unsecured syndicated finance facility to Russian Railways.
  • The Far East Development Fund – on a RUB 10bn financing for the construction of two cattle-breeding complexes and a milk processing plant in the Sakhalin region.
  • The Royal Bank of Scotland − on a RUB framework facility agreement to SIBUR Holding OJSC, a major Russian petrochemical company.
  • The largest Russian state-owned bank – on a USD 712m secured refinancing of an existing loan granted for the development of “Metropolis” shopping centre in Moscow owned and run by an international real estate investment fund.
  • The largest Russian state-owned bank – on a USD 665m structured secured financing of a shopping centre in St. Petersburg owned and run by an international real estate investment fund.
  • Trader of oil products – on a EUR 1bn prepayment facility arranged by a major Russian bank.
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Awards & Rankings

  • Best Lawyers 2021, Lawyer of the Year for Financial Institutions 
  • Best Lawyers 2022, Banking and Finance Law
  • Best Lawyers 2022, Capital Markets Law
  • Best Lawyers 2022, Financial Institutions
  • Best Lawyers 2022, Project Finance and Development Practice
  • Best Lawyers 2022, Insolvency and Reorganization
  • Chambers Global 2021, Banking & Finance
  • Chambers Europe 2021, Banking & Finance
  • Leaders League 2021, Banking, Highly recommended
  • IFLR 1000 2021, Banking: Highly regarded
  • Kommersant 2020, Capital Markets
  • Kommersant 2020, Fintech 
  • Pravo.ru-300 2020, Banking & Finance
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Publications

  • Legislation on circulation of digital financial assets and digital currency to come into force in early 2021, December 2020
  • Reduction made in the financial threshold for anti-monopoly clearance of transactions involving Russian credit institutions, December 2020
  • Russia to relax currency legislation starting 1 January 2021, November 2020
  • Russian Supreme Court entrusts courts with countering dubious financial transactions, September 2020
  • Russian Duma receives bill on widening the scope of sanctions, August 2020
  • Russia adopts law on financial marketplaces, July 2020
  • COVID-19: Russia passes new laws on tightened liability, insolvency, rents, state purchases and medicines, April 2020
  • Russian Supreme Court clarifies bankruptcy claims of affiliates, March 2020
  • Getting the Deal Through – Healthcare M&A, Law Business Research, 2019 
  • CMS Doing Business in Russia guide (since 2010), chapters on currency control, lending in Russia, corporate bankruptcy and banking sector
  • CMS Expert Guide to AML and CTF law and regulation in CEE
  • CMS Expert Guide to the private placement of equity securities
  • CMS Expert Guide to coronavirus related loan moratoriums
  • CMS Expert Guide to stabilisation and restructuring initiative
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Education

  • 2010, BPP University Law School (Graduate Diploma in Law)
  • 1996, Moscow State Institute of International Relations (MGIMO University, Degree in Law)
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Feed

10/06/2021
CMS Rus­sia earns a re­cord num­ber of re­cog­ni­tions by Best Law­yers 2022
Strong re­cog­ni­tion by the rank­ing 32 CMS Rus­sia ex­perts have been se­lec­ted for in­clu­sion in­to the 2022 edi­tion of the Best Law­yers rank­ing. In total, we have earned 74 re­cog­ni­tions by the rank­ing :Ant­on...
2021
Lend­ing in Rus­sia
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2021
Cur­rency con­trol
In this chapter of Do­ing busi­ness in Rus­sia, we out­line the reg­u­la­tion of for­eign cur­rency trans­ac­tions and the sanc­tions for breach of cur­rency con­trol rules.
23/04/2021
Cor­por­ate bank­ruptcy
The dis­cus­sion in this chapter of Do­ing busi­ness in Rus­sia fo­cuses on the Rus­si­an bank­ruptcy re­gime ap­plic­able to com­pan­ies and also men­tions spe­cif­ic fea­tures of the re­gime ap­plic­able to cred­it in­sti­tu­tions.
16/04/2021
CMS Rus­sia in The Leg­al 500 EMEA 2021
The 2021 edi­tion of The Leg­al 500 EMEA re­cog­nises CMS Rus­sia across 10 prac­tice areas and hon­ours 10 firm ex­perts CMS Rus­sia has been ranked this year in the fol­low­ing 10 cat­egor­ies:Bank­ing & Fin­ance:...
2021
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This chapter of Do­ing busi­ness in Rus­sia is ded­ic­ated to the coun­try’s bank­ing sec­tor and, in par­tic­u­lar, the li­cens­ing re­quire­ments and cor­res­pond­ing op­er­a­tions. It also touches upon, among oth­ers, anti-money laun­der­ing is­sues and bank secrecy.
19/03/2021
CMS Rus­sia ranked in Cham­bers Europe 2021
CMS Rus­sia has been ranked in the fol­low­ing cat­egor­ies: Bank­ing & Fin­ance­Com­pet­i­tion/An­ti­trust Cor­por­ate/M&A: High-End Cap­ab­il­it­ies Em­ploy­ment Life Sci­ences TMT In­di­vidu­al ac­know­ledg­ment re­ceivedElena...
12/03/2021
CMS Rus­sia ex­perts re­cog­nised in the Pravo.ru-300 in­di­vidu­al rank­ing
The lead­ing na­tion­al leg­al dir­ect­ory Pravo.ru-300 has re­vealed the re­com­men­ded law­yers across 29 areas of law.This year sev­en CMS Rus­sia ex­perts have been ac­know­ledged by the rank­ing this year. Pravo.ru-300...
20/02/2021
CMS Rus­sia keeps its strong po­s­i­tions in Cham­bers Glob­al
Four CMS Rus­sia ex­perts have been ac­know­ledged by Cham­bers Glob­al in three prac­tices this year:Elena Tchoubyk­ina | Bank­ing & Fin­ance  Elena Tchoubyk­ina was also re­cog­nised as a for­eign ex­pert for UK.A...
29/01/2021
CMS Rus­sia re­cog­nised by the Lead­ers League rank­ing 2021
The rat­ing agency for top ex­ec­ut­ives Lead­ers League re­cog­nised CMS Rus­sia as one of the best law firms in Rus­sia across the fol­low­ing cat­egor­ies: Highly re­com­men­ded An­ti­trust­Bank­ing & Fin­ance Re­com­men­ded...
22/12/2020
Law and reg­u­la­tion of Cov­id-19 loan morator­i­ums in Rus­sia
1. De­scrip­tion of the le­gis­la­tion 1.1 Is there a morator­i­um on loans le­gis­la­tion im­ple­men­ted in your jur­is­dic­tion? Yes 1.2 If no: Are there any on­go­ing dis­cus­sions re­gard­ing a po­ten­tial in­tro­duc­tion...
Comparable
18/10/2020
CMS Rus­sia ranked in IFLR1000, World Tax and World Trans­fer Pri­cing 2021
The 2021 edi­tions of IFLR1000, the World Tax and World Trans­fer Pri­cing, op­er­at­ing with­in the pub­lish­ing house Eur­omoney In­sti­tu­tion­al In­vestor PLC, named CMS Rus­sia one of the best law firms in Rus­sia...