Sergey Khanaev

Sergey Khanaev

Partner, Advocate
Sergey Khanaev

Chambers Europe

He is a very young and talented lawyer. He can work hard and I don't remember him making a mistake. He's a good guy, he is in a team.

Biography
Recent work
Publications and Insights
Rankings and awards

Sergey Khanaev is a Partner in the Corporate / M&A practice. Sergey provides his clients with wide-ranging support in Russian and cross-border mergers and acquisitions.

During recent months Sergey has been actively advising foreign and Russian clients on complex sanction and counter-sanction matters in corporate restructuring, selling a business to local management (management buy-out) and auction sales of the assets of foreign investors in Russia.

Sergey also specializes in joint venture transactions, structuring the long-term corporate and commercial relations of joint venture partners, as well as advising clients on general corporate governance issues.

Sergey has established experience in various industries, with a particular focus and acquired unique expertise in IT / TMT.

Sergey joined ALRUD Law Firm in 2012. He graduated with honors from the Moscow State Institute of International Relations of the Ministry of Foreign Affairs of the Russian Federation (MGIMO University), where he earned both his Bachelor's Degree and then his Master's Degree in International Private and Civil Law.

In 2019 Sergey completed a long-term internship at the law firm Slaughter and May in London. Sergey is a member of the International Bar Association (IBA) and the International Association of Young Lawyers (AIJA).

Includes advising and representing:

Qiwi Plc.

on the sale of Russian assets to management for RUB 23.75 bn.

VEON

on the sale of VimpelCom to Russian top management for RUB 130bn.

VimpelCom, one of the four largest telecommunications companies in Russia

on the establishment of a joint venture with 4 federal operators-competitors for the joint development and use of 5G radiofrequencies in Russia.

Uber

in its asset merger deal with Yandex Taxi (Russia’s largest online taxi-booking services) including the further phased spin-off of the joint venture assets and exit from the joint venture business.

US investments funds

in several rounds of investments in inDriver, an international ride-hailing service “unicorn” with Russian origins.

The largest Russian sovereign wealth fund

on structuring and implementing Fund of Funds, an investment partnership agreement seeking collective state and private investments in perspective technology sectors in Russia.

VimpelCom, one of the four largest telecommunications companies in Russia

on a pipeline of venture capital investments.

The founders

on the sale of REG.RU, Russia’s largest domain name registrar and hosting provider.

Munich RE / ERGO Group

on the sale of life, non-life and travel insurance assets in Russia.

One of the largest multinational heavy equipment and agriculture machinery manufacturers

on potential localization of production in Russia through entering into a special investment contract (SPIC).

The foreign shareholder of a major Russian bank

on various issues relating to Russian counter-sanction applications.

An international telecommunication holding

on various issues relating to Russian counter-sanctions application.

One of the bidders in the auction sale of PAO Fortum

a privately owned energy and heat generating company.

Publicis Group

in the transaction of its exit from Russia via an MBO (management buy-out) as well as on foreign and Russian sanction compliance when dealing with Russian entities / businesses.

CEFC China Energy Company Limited

on the acquisition of a 14.16% interest in a Russian oil company.

Mechel, a leading Russian mining and metals company

in offering to a Russian major bank the option to purchase 49% share in the Elga coking coal deposit development project.

China Gold

on the potential acquisition of a majority stake in gold mines in Russia.

The largest Russian sovereign wealth fund

in an investment transaction (together with other investors) for the implementation of infrastructure projects for the “liquidation of digital inequality” (with a telecommunication company) and “smart grids” (with an energy company).

The largest Russian sovereign wealth fund

on its investment in construction and maintenance projects of the Central Ring Road of the Moscow Region (CKAD-3 and CKAD-4).

ALRUD team supported Qiwi Plc. on the sale of its Russian assets to management for RUB 23.75 bn
Qiwi Plc. sold its Russian assets to a Hong Kong based Fusion Factor Fintech Limited owned by Andrey Protopopov, former Qiwi CEO. The 23.75 bn RUB transaction was approved by the Russian regulators and the Qiwi Plc. board of directors. ALRUD team provided Qiwi Plc. with legal support of the transaction, including drafting binding documents and advising on particular regulatory and counter-sanction issues. The ALRUD team was headed by Corporate and M&A Practice Partner Sergey Khanaev and comprised Senior Associate Kristina Akalovich, Senior Associate Natalia Raschevskaya, Senior Associate Roman Vedernikov, Associate Olesya Klesheva, and Associate Eva-Maria Shakhmaeva.
31 January 2024
ALRUD Team successfully advises VEON on the exit from the Russian Market via sale of VimpelCom (Beeline brand) to Russian top management
VEON is a major telecommunications operator in the CIS and several Asian countries that provides communications to more than 150 million users every day. VimpelCom (Beeline brand) was previously part of VEON Group. The ALRUD team advised VEON on comprehensive legal support throughout all the stages of the transaction: on the initial stages of the transaction, the ALRUD team advised VEON on general issues related to the structuring of the transaction and advised on the auction sale process with several potential buyers; ALRUD lawyers subsequently supported VEON with negotiating transaction documents with the Russian top management of VimpelCom led by Alexander Torbakhov. This included complex issues associated with structuring the redemption of VEON Eurobonds taking into account Russian and international regulatory restrictions and a disruption in communication between the National Settlement Depository and Euroclear/Clearstream; on the final stages of the transaction, ALRUD represented VEON in negotiating commercial terms of the brand’s division and the operating activities of VEON Group and VimpelCom, as well as in complex issues involving the finalization of the transaction (including interaction with the registrar and broker). Supporting such a major and multi-faceted transaction would not have been possible without the full-service concept of ALRUD law firm. We not only provide comprehensive, high-quality legal assistance, but also integrate our services into our clients’ strategic goals. The ALRUD team that worked on the project under the guidance of Corporate and M&A Practice Partner Sergey Khanaev and Head of the Corporate and M&A Practice Alexander Zharskiy included a cross-functional team from the Corporate, Competition/Antitrust, Commercial/IP and Tax practices: Partner German Zakharov, Senior Associate Anna Grosheva, Senior Associate Ksenia Erokhina, Senior Associate Daniil Lozovsky, Senior Associate Sergey Artemiev, Senior Associate Kristina Akalovich, Associate Eva-Maria Shakhmaeva, Associate Yulia Malchenkova and Associate Olga Yuz.
12 October 2023
ALRUD experts advised a subsidiary of VimpelCom on the acquisition of Dybys Tech
ALRUD experts advised “Hive” LLC (a subsidiary of PJSC “VimpelCom”) on the acquisition of 20% shares in Dybys Tech, an audio technology innovative startup developing the Voca Tech audio system applied for analyzing the customer service quality in retail trade. ALRUD team provided complex legal support in negotiation of the transaction documents and on the structuring of the cross border transaction. ALRUD team was headed by Corporate and M&A Practice Partner Sergey Khanaev and comprised Associate Yulia Malchenkova and Junior Associate Bogdan Tuzenko.
17 March 2023
ALRUD experts held the webinar "Foreign Business in Russia: How to manage your divestment in 2023?"
On February 9, experts of Corporate/M&A Practice held the webinar 'Foreign Business in Russia: How to manage your divestment in 2023?' It has been almost a year since foreign companies started divestment of their Russian assets. During this period ALRUD has been successfully steering the clients through complex and ambiguous legal landscape providing full service legal support at every stage of exit process. Alexander Zharskiy, Partner and Head of Corporate and M&A Practice, Sergey Khanaev, Partner of Corporate and M&A Practice and Alexander Kleschev, Senior Associate of Corporate and M&A Practice, discussed: Key trends of divestment transactions during 2022 and estimations for 2023 Overview of transaction participants (i.e. potential bidders, financing parties, GR, IBs, appraisers) Genesis and snapshot of Russian counter-sanctions regulations applicable to exit scenarios Specifics of M&A transaction documents and lessons to learn for 2023.
09 February 2023
ALRUD Experts advised VEON on the sale of VimpelCom to the Russian Top Management
ALRUD specialists advised on the sale of VimpelCom by the global digital operator VEON to the Russian top management. ALRUD team provided comprehensive legal support for the preparation of and agreeing on the transaction documents. According to the transaction documents, VEON will receive a total consideration in the amount of RUB 130 billion. The transaction is expected to be closed not later than 1 June 2023. However, both parties may extend the deadlines if required licences and approvals from Russian and foreign regulatory authorities will not be received. VimpelCom (Beeline brand) is a part of the VEON Group (listed on the NASDAQ and the Euronext Amsterdam), a global digital operator that provides converged connectivity and online services to the customers. Kaan Terzioğlu, CEO of VEON Group, commented: 'After considering numerous options, I am confident that the agreed sale of VEON’s Russian operations to the VimpelCom management team represents an optimal solution for VEON, its Russian operations and the stakeholders of both companies, including customers, shareholders and creditors, as well as employees both in and outside of Russia. VEON is committed to ensuring the transaction is seamless for staff and customers in Russia, with no disruption to the services currently provided.' ALRUD team was headed by Corporate and M&A Practice Partner Sergey Khanaev and comprised experts from different practices: Senior Associate Anna Grosheva, Senior Associate Ksenia Erokhina, Senior Associate Roman Vedernikov, Senior Associate Sergey Artemiev and Junior Associate Yulia Malchenkova.
29 November 2022
ALRUD experts successfully advised Pubic Joint-Stock Company "Federal Grid Company – Rosseti" on the intragroup reorganisation
ALRUD specialists provided comprehensive legal support to Public Joint-Stock Company “Federal Grid Company – Rosseti” (“PJSC “Rosseti”), Russia's largest power grid company, in structuring the consolidated corporate governance of Russia's national power grid property. Upon studying various possible transaction structures, we prepared a detailed step-by-step plan of the intragroup merger of Public Joint-Stock Company “Federal Grid Company of Unified Energy System” with affiliated Public Joint-Stock Company “Rosseti”, Joint-Stock Company “Far East Energy Management Company”, Joint-Stock Company “Tomsk Trunk Grids” and Joint-Stock Company “Kuban Trunk Grids”. An essential condition for the reorganisation was for the Russian Federation to hold directly at least 75% plus 1 share in the merged company. The reorganisation was preceded by preliminary consolidation of the grid assets. Legal analysis included estimation of regulatory impact caused by termination of some of the largest companies in the industry, including impact on the wholesale electricity market related to cross-border electricity transmission, and forecast for the reorganised entity activity during the transition period before receiving all necessary licenses and permits. PJSC “Rosseti”, being Russia’s largest power grid company, consists of the backbone power grid system and distribution power grid companies. The merger of PJSC “Rosseti” officially finalizes the division of the national power grid system into backbone and distribution networks. ALRUD team, was headed by Corporate and M&A Practice Partners Anton Dzhuplin and Sergey Khanaev comprised Of Counsel Timur Akhundov, Associate Irina Kuyantseva, Senior Attorney Artem Sergey, Attorney Marina Naumova, and Trainee Olesya Klesheva.
10 October 2022
ALRUD experts held the webinar “Foreign Business in Russia: Practical Aspects of Exit Strategies. Impact of latest Russian counter-sanctions regulations”
On October 6, 2022, experts of Corporate/M&A and Competition/Antitrust Practices held the webinar “Foreign Business in Russia: Practical Aspects of Exit Strategies. Impact of latest Russian counter-sanctions regulations”. Alexander Zharskiy, Partner and Head of Corporate and M&A Practice, Sergey Khanaev, Partner of Corporate and M&A Practice, German Zakharov, Partner of Competition/Antitrust Practice, Alexander Kleschev, Senior Associate of Corporate and M&A Practice and Anna Grosheva, Associate of Corporate and M&A Practice summarised recent market experience for strategies and options considered and implemented by foreign investors in Russia. The speakers gave overview of legal and practical aspects that should be taken into consideration, including the following: Exit strategies and options; Payment of dividends; Using cash of Russian companies; Liaising with Russian authorities and examples of consents; Key aspects and legal effect of Presidential Decree No. 618; Legal regime under the Presidential Decree No. 618 and Presidential Decree No. 520; Legal and practical consequences of Presidential Decrees violation. Legal initiatives. The webinar was a great success with the audience.
06 October 2022
Pravo-300, 2023 recommends Sergey Khanaev for TMT (telecommunications, media and technology), Corporate Law, Mergers and Acquisitions (High Market).
Best Lawyers 2022 recommends Sergey Khanaev for Corporate Law.
The Legal 500 Europe, Middle East&Africa 2021 recommends Sergey Khanaev for Commercial, corporate and M&A.
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