Alexander Geda, Counsel at Finance Practice at Rybalkin, Gortsunyan, Dyakin and Partners law firm (RGD) was asked to participate in a Bloomberg News article dedicated to the Russian public companies that are trying to bypass Wall Street to service pre-sanctions corporate debt.
According to Bloomberg, Russia’s major companies are looking for alternative vehicles in order to service bonds after the crackdown broadly disrupted financial plumbing. Some companies have asked bondholders to change bond documentation in order to make direct payments to investors in roubles instead of currencies the bond was issued in.
At the same time, borrowers face the hurdle that Euroclear and Clearstream have been unwilling to process corporate actions, such as buybacks. Companies have been finding ways to exclude Euroclear and Clearstream, a process that could leave them exposed to ownership disputes, said Alexander Geda
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Rybalkin, Gortsunyan, Dyakin and Partners (RGD), a leading law firm established in 2018, which combines a premier dispute resolution practice and a high-end corporate practice dedicated to complex projects and transactions.
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