Mr. Stewart is listed as a leading US qualified attorney in the area of capital markets in Russia.International Financial Law Review 2010 and Chambers Europe 2011

J. David Stewart

Moscow | London
  • Ul. Gasheka 6, Ducat III, Office 510
  • Moscow 125047
  • Russia
 
 

David Stewart is a partner in the Moscow office of Latham & Watkins. Mr. Stewart advises on a broad range of debt and equity capital markets, mergers and acquisitions and public company/advisory matters with a primary focus on businesses and industries operating in the emerging markets. Mr. Stewart splits his time between the firm’s London and Moscow offices enabling him to efficiently work with a number of jurisdictions, including Russia/CIS, CEE, MENA and Sub-Saharan Africa.

Mr. Stewart is consistently recognized as a leading US-qualified securities lawyer, in particular, in Russia/CIS, and he has acted on over 150 capital markets transactions involving securities that were listed in New York, London,Geneva, Moscow, Dubai, Canada, Ireland, Luxembourg, Frankfurt, Cairo, Hong Kong, Singapore and other major financial centers. Additionally, Mr. Stewart has advised on dozens of M&A matters with a particular focus on public M&A and the energy sector.

Mr. Stewart is licensed as a Certified Public Accountant (status inactive).

Mr. Stewart's representative experience includes advising:

Debt Capital Markets

  • UBS and VTB Capital in connection with the establishment and initial drawdown of an ECP program by the Agrokor Group 
  • Deutsche Bank, JPMorgan and UniCredit in connection with the issuance of US$500 mln 4% notes by Magyar Eximbank
  • ABH Financial, the parent company of Alfa Bank, in relation to the establishment of its debt issuance programme and the issuance of EUR350 mln 4.125 per cent. loan participation notes
  • Gazprombank in relation to the offering of EUR1 bln 4% loan participation notes
  • JPMorgan and VTB Capital in connection with a US$200 million debut Eurobond for Kaspi Bank
  • Alfa Bank Holding in connection with a CHF85 million bond issuance
  • Mobile TeleSystems OJSC in connection with the issuance of US$500 million 5% loan participation notes due 2023
  • DTEK in connection with the issuance of US$750 million 7.875% senior notes due 2018 and simultaneous consent solicitation and tender offer for notes due 2015 
  • Deutsche Bank, Sberbank CIB and Citigroup in connection with the issuance of US$425 million 10.875% notes due 2018 of UkrLandFarming Plc

Equity Capital Markets

  • DAMAC Properties on its GDR exchange offer and subsequent listing on the Dubai Financial Market 
  • Goldman Sachs, Morgan Stanley, Sberbank CIB, JPMorgan and Renaissance Capital in connection with the US$1.1 bln Initial Public Offering of GDRs on the London Stock Exchange by TCS Bank
  • Gazprombank, as financial adviser, in connection with the US$600 mln offering of OJSC Nomos Bank ordinary shares listed on the Moscow Stock Exchange (MSE)
  • Deutsche Bank as GDR depositary for Lenta Limited on the US$1 billion initial public offering and listing of GDRs on the London and Moscow Stock Exchanges
  • Deutsche Bank in connection with the establishment of the Aeroflot ADR program

Public & Private M&A (including energy sector transactions)

  • The independent directors in connection with a bid by management to acquire and take-private the Integra Group
  • A bidder in connection with a bid for the North Sea upstream oil & gas assets of Marathon Oil
  • U.C.E. Synttech Holdings of IG Seismic Services in a US$500 mln UK TO Panel approved mandatory tender offer for GDRs
  • Applestar Holding Limited in connection with a sale of 100% interest in certain O&G licenses to Gazpromneft
  • Deutsche Bank as a depositary in the US$2.1 bln exchange offer of Shares and GDRs of Severstal for the GDRs of Nord Gold N.V. and simultaneous listing on the LSE
  • Deutsche Bank as tender agent on the Nord Gold tender offer for High River Gold
 
 
 
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