Elena Novikova

Elena Novikova

Of Counsel
Elena Novikova
Biography
Recent work
Rankings and awards

Elena Novikova is an Of Counsel of the Tax Practice of ALRUD Law Firm.

Elena is one of the key specialists of the Tax Practice, for the tax and currency control issues.

During the last few years, Elena has advised on a number of large-scale projects connected with restructuring of the clients’ businesses, due to significant changes of the Russian and international tax law and practice. Additionally, she leads major projects related to international taxation and M&A deals.

Together with ALRUD’s Tax Team, Elena has accumulated profound experience in interaction with the Russian tax authorities on tax and reporting matters. Elena graduated from Moscow State Academy of Business Administration.

Elena joined ALRUD in 2005.

Elena is ranked as recommended lawyer by Legal 500 and is the member of International Bar Association. In addition, she has financial a qualification and holds FCCA status.

Include advising and representing

Advised a Singaporean multinational commodity trading company, one of the largest oil and metals traders,

on structuring and cross-border tax issues, related to the purchase of a stake in a large Russian energy business.

Advised UFC

in the creation of a joint venture with RCIF and Mubadala, focused on the development and expansion of UFC’s business in Russia and CIS.

Performed a tax investigation at the request of a major European investment fund,

which was aimed at auditing tax compliance of the distribution network of a Russian independent distributor, which included more than 50 companies from different regions of the Russian Federation. The client relied on results of the tax investigation to make a final decision on the acquisition of one of the leading European groups of companies, which produces hair care products.

Advised a leading European real estate management firm

regarding Russian taxation of a prospective M&A transaction.

Supported one of the largest coal mining and processing complexes in Kuzbass

during its on-site tax audit, related to the justification of the transfer of the tax losses to future periods and accounting for the interest expenses on loans, issued for the development of the project.

Advised Russian group of development companies, with foreign corporate and financial structures,

regarding corporate, organizational and finance restructuring, which was required to minimize potential tax risks trigged by recent changes of the Russian tax law.

Advised State Oil Fund of the Republic of Azerbaijan (SOFAZ)

on post-closing tax issues in the acquisition of Gallery Actor, mixed-use office and retail complex located in Moscow.

Advised the largest worldwide online retailer,

during its multinational project, on launching an online marketplace, for the sale of the software. Assessed the tax implications and provided advice on structuring the agreements and Client’s business in Russia, from the tax law perspective.

Advised the Russian Sovereign Wealth Fund

on tax issues in relation to the infrastructure projects, for building and reconstruction of the highways in Russia.

Advised Sojitz Corporation

on tax issues for several joint venture projects in Russia, related to the automotive industry.

Advised UHNW

on tax and other compliance issues, within a complex project of disclosing and restructuring of its foreign holding structure. The project resulted in the settlement of the new international structure for private and commercial assets, which allows holding and managing business assets, in full compliance with the Russian tax and currency control law.

Advised family office of a private investor

in respect of the choice of the legal structure and relevant jurisdiction for performing international investment activity, taking into account tax and corporate issues as well as protection of the client’s assets.

Best Lawyers, 2022 recommends Elena Novikova for Tax Law.
The Legal 500, 2021 recommends Elena Novikova for Tax.
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