About
Innokenty specialises in cross-border corporate and commercial transactions and infrastructure projects, with a focus on Eastern Europe and Central Asia, and is part of the firm’s Global M&A and Capital Markets practice.
Innokenty brings more than three decades of experience advising major transport, logistics, power and mining companies, and clients from other industries, on key M&A deals, complex procurement and supply arrangements, financings and capital markets transactions, as well as on corporate, regulatory and compliance matters more generally. This includes assisting large multinational groups in relation to joint ventures, 'greenfield' projects and various divestment schemes.
Furthermore, Innokenty has been leading our team on a number of groundbreaking projects spanning road, rail, airport, seaport, utilities and social infrastructure, acting for a variety of parties: governments, project sponsors and financiers. In addition, he contributed to the development of relevant legal frameworks and served on several specialized expert councils.
For an extended period, Innokenty headed the firm's Corporate / Global Transactions practice in Russia and our infrastructure and transport group in the CIS region, overseeing, in particular, work with clients operating in the public sector. Among others, the rail industry has been one of the especially prominent areas of involvement.
Innokenty also provides strategic advice in relation to disputes and has been involved in several international commercial arbitrations and litigations.
He speaks English, German and Russian.
Additional Information
Airports and seaports
- An international consortium of sponsors in relation to a USD 3bn greenfield project to finance, construct, develop and operate a new international airport in Tashkent, Uzbekistan
- A sponsor in relation to a PPP project to finance, reconstruct and operate Samarkand airport in Uzbekistan
- Fraport-led consortium of sponsors on all aspects of the USD 2bn St. Petersburg Pulkovo airport PPP scheme, and on a subsequent sale of a stake in Thalita Trading, the operator of Pulkovo airport, to a Middle Eastern sovereign wealth fund
- Changi on their investments in several CIS airports
- A public developer in respect of a USD 5bn PPP project to finance, construct and operate a seaport on the Black Sea
- A sponsor in relation to a project to develop the port of Vanino on the Sea of Japan
Rail
- A concessionaire on the financing, reconstruction and operation of the national railway system in Armenia
- A project company on the initiatives to develop a network of high-speed rail lines, including Moscow to Kazan and Moscow to St. Petersburg
- A public developer on a USD 3bn PPP project to finance, construct and operate the Salekhard–Nadym cargo railroad, part of the Northern Latitudinal Railway
- Bombardier-led bidding consortium on the tender for the USD 1bn project to construct and operate Nadzemny Express, a light rail system in St. Petersburg
- A construction company on a series of projects to finance and reconstruct railway infrastructure in Serbia
- A major railway holding on the development of a USD 3bn dedicated railway project for a coal mine in East Kalimantan, Indonesia
- A sponsor on the proposed railway bridge crossing between Heilongjiang, China and the Russian Far East region
- Moscow Subway in respect of financing and supply of metro trains and their life-cycle maintenance
- Russian Railways on rolling stock procurement and maintenance, in particular:
- numerous contracts with Siemens for the design, production, supply and maintenance of rolling stock of various types, including multiple batches of high-speed trains, as well as related financings, notably that provided by Deutsche Bank
- the acquisition of high-speed trains from Alstom by Oy Karelian Trains and various issues in relation to maintenance of these trains
- transactions related to the supply and maintenance of 140 passenger coaches produced by Patentes Talgo
- Federal Passenger Company on a USD 4bn programme to renew a significant part of Russia’s passenger rolling stock, including design, production, testing and certification of the new passenger coaches
- An investor on a bid to construct rail infrastructure in Algeria and in respect of protection in several jurisdictions against claims related to this tender
- A rail construction technology company on a USD 3bn project in Libya and on matters relating to numerous international arbitration and litigation proceedings arising from its suspension
- A major railway holding on a dispute with a world-leading manufacturer of transport vehicles and equipment
- Russian Railways in respect of:
- various strategic partnerships and joint ventures with international partners, such as Deutsche Bahn for rail freight between Europe and China; Kazakh and Belarusian national railway companies for cross-border container logistics; Bombardier Transportation in relation to Elteza, a railway signalling equipment manufacturer; and South Korean companies for the Rajin–Khasan rail and port project
- the acquisition of a 75% stake in GEFCO, an international logistics operator headquartered in France, from Peugeot, and the related shareholders’ arrangements
- the initial private placement of a 15% stake in TransСontainer, a leading intermodal container transportation company in the CIS, and the later auction sale of 50% plus two shares for USD 950m
- a staged divestment of its interest in Freight One, the country’s largest rail freight operator, including the auction sale of 75% minus two shares for over USD 4bn
- numerous other disposals under its extensive asset sale programme, including railway repair businesses, TransCreditBank and other non-core assets
- various financings and multiple Eurobond issues, including its debut EUR 500m Green Eurobond issue listed on the Main Securities Market of Euronext Dublin
- TransContainer in respect of:
- the IPO of 35% minus two shares through an offering to qualified institutional investors
- the acquisition of a 67% stake in KedenTransService and a joint venture with Kazakhstan Temir Zholy, the Kazakh national railway company, to operate the country’s logistics terminals, as well as the eventual divestment of that interest
- a tender for the right to acquire a majority stake in ZSSK Cargo Intermodal, a company managing rolling stock and operating intermodal transportation in Slovakia
Roads
- Vinci-led consortium of sponsors on a project to finance, construct and operate a USD 1.5bn M11 (Sections 7-8) toll road concession in the CIS
- EBRD, EIB and other senior lenders on a project to finance, construct and operate a USD 2bn M11 (Section 1) toll road concession in the CIS
- A consortium of sponsors on a USD 3bn PPP project to finance, construct and operate the Western High Speed Diameter toll road in St Petersburg
- Senior lenders on a PPP project to finance, construct and operate Sections 3-4 of a USD 6bn Central Ring Road around Moscow
- A public developer on the USD 1.5bn Orlovsky Tunnel project, a concession for the construction of a 1.7km toll under-river tunnel
- Sponsors on a PPP project to create and operate a toll collection system for heavy-weight trucks in Russia
- Sponsors on a PPP project to develop a toll collection system in Kazakhstan
Energy and mining
- A diversified energy holding on the complex contractual arrangements and a joint venture with General Electric Group for supply, localisation of manufacturing and servicing of heavy-duty gas turbines
- A leading CIS power exporter on the development of a number of new generation assets
- RusHydro on a series of projects to finance, construct and operate hydropower assets, including Boguchany and Taishet HPPs, with the projects developed as joint ventures with a major metals company
- A major power sector company on strategic issues relating to an arbitration with the Government of Georgia
- A global technology leader in the renewable energy on complex contractual arrangements with a CIS-based counterpart, respective termination rights and prospects of arbitration proceedings
- ALROSA, the world’s largest diamond mining company, in respect of:
- projects to explore and produce diamonds in Angola, including acquisition of a stake in a project company developing one of the world’s largest diamond mines, mining investment contract
- the sale of a majority stake in an iron ore mining project to EVRAZ, and the related shareholders’ arrangements
- A major Russian infrastructure company on sales of its assets in the mining sector
- An international consortium of bidders on a USD multi-billion project to develop Tavan Tolgoi coking coal mine and related railway infrastructure in Mongolia
- A leading global metals and mining company on an approach to exit from its long-term investment in Kazakhstan
Water, wastewater, waste and heat
- A MENA-based sponsor in respect of a wastewater PPP project in Uzbekistan
- NCC, Skanska and YIT on a USD 400m PPP project to finance, refurbish and operate a wastewater treatment facility in St. Petersburg
- A German sponsor on the financing, reconstruction and operation of several wastewater treatment facilities in the Moscow region on a BOOT basis
- A public developer on the water supply PPP scheme for St. Petersburg, including refurbishment of the Northern Waterworks and construction of a new potable water facility
- Sumitomo on a series of PPP initiatives in the CIS, including in respect of water supply
- WTE on a project to finance, construct and operate a USD 300m potable water facility in Moscow
- EVN on a project to finance, construct and operate a USD 350m waste incineration plant in Moscow
- EVN on a project to build combined heat and power plants using biogas at wastewater treatment facilities in the Moscow region
- An international consortium of sponsors on several PPP/PFI projects to construct and operate waste-to-energy processing plants in the CIS
- An Austrian investor on matters relating to litigation with the regional government in an Eastern European country over a wastewater facility constructed under a PPP model
Other sectors
- An international healthcare investor on the development of a set of agreements to construct and operate a network of healthcare facilities in the CIS on a PPP basis
- A leading European engineering and manufacturing company in respect of exit from a joint venture in the CIS, proposed redomiciliation of the business, potential related dispute and defence scenarios
- A German urban mobility company on the planned disposal of its service division in Russia, including comprehensive sanctions/compliance analysis
- A multinational aerospace company on the sale of its stake in an aviation engineering and design center in a CIS country, and with respect to complex employment and liquidation matters
- A large-cap US logistics company on various strategic options regarding Russian operations
Highly established name in the market.
— Chambers Europe
Dr. Innokenty Ivanov
Partner
Munich Office
Maximiliansplatz 13
Munich 80333