“Partner Ragnar Johannesen is an absolutely fantastic lawyer who knows how to get the deal done in a responsive and practical manner; with a focus on what the client cares about.”IFLR1000 2017

Ragnar Johannesen

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

Ragnar Johannesen’s practice focuses on banking and corporate finance, with a particular focus on event-driven transactions, restructurings, and structured and limited recourse financings (including structured trade and export financings) in emerging markets.

Mr. Johannesen, who divides his time between Latham's Moscow and London offices, has experience in transactions involving multilateral financial institutions, development banks, and export credit agencies. His sector experience covers oil and gas, mining and commodities, financial services, real estate, retail, transport, and TMT. He is recommended by all major directories as a “leading individual” for banking and finance in Russia.

Mr. Johannesen is Chair of the Finance Department in Moscow and has significant experience advising on banking matters in Russia and the former Soviet Union. In addition, in his capacity as AML/MLRO officer, Mr Johannesen is responsible for conducting the risk assessment (AML, ABC, and sanctions) and approval process in respect of new mandates. Mr Johannesen also has extensive experience of assisting international financial institutions and sponsors on sanctions rules and regulations in respect of new and existing transactions.

Directories:
  • “The responsive and practical Ragnar Johannesen knows the market very well and is the main practitioner.” The Legal 500 Russia 2019
  • Sources highlight Mr. Johannesen's “technical expertise and negotiation skills.” Chambers Global 2019
  • Ragnar Johannesen is singled out for his “good strategic thinking and commercial approach.” He regularly assists with the restructuring of large cross-border loans. “It's very easy to get on with him, he's very helpful in moving things forward.” Chambers Europe 2018
  • “Excellent all around.”‎ IFLR1000 2017
  • [Mr. Johannesen's] “deep understanding of the Russian legal market […] permits him to smoothly manage any complicated cross-border deal.” Chambers Global 2017
  • Ragnar Johannesen is noted for having significant experience in trade financing deals. “I really like his proactivity - he thinks a step or two ahead.” Chambers Global 2016
  • “A focused lawyer with impeccable drafting skills, who really drills down to the issues at hand.” The Legal 500 2016
  • Ragnar Johannesen is noted for his cross-border expertise: “He has good experience of the CIS and Russia.” Chambers Global 2015
  • “Extremely strong negotiator,” “Recommended for his considerable experience and an impressive grasp of commercial implications.” Chambers Europe 2013
  • “Experienced, pragmatic and lethal when the gloves are off.” The Legal 500 2013
  • “Ragnar Johannesen has built a solid reputation amongst clients, who praise him for his drafting and negotiation skills.” Chambers Global 2012
Oil and Gas
  • Banca IMI S.p.A., London Branch (as arranger) in respect of a €1.5 billion facility for PJSC Gazprom, the largest exporter of natural gas in the world
  • Intesa Sanpaolo (as arranger) in respect of the €5.2 billion facility provided to a consortium consisting of Qatar Investment Authority and Glencore for the purposes of its acquisition of a 19.5% stake in Rosneft, the world’s largest publicly traded petroleum company
  • BNP Paribas and Standard Chartered as mandated lead arrangers on an up to US$3 billion facility for three BP Angola entities, secured by cash flows from oil export contracts*
  • Raiffeisen Bank International AG as agent in respect of a US$250 million syndicated loan facility for KazTransGas (KTG), the largest gas supply company in Kazakhstan and its national operator for natural gas
  • BP on its multi-billion dollar disposal to LUKOIL of its interest in the Tengiz oil field and the associated world-scale Caspian Pipeline Consortium (CPC) pipeline project**
Metals and Mining
  • Credit Suisse and Société Générale (as mandated lead arrangers) in connection with an up to US$500 million prepayment facility for Kazakhmys Group, a major Kazakh copper producer
  • Bank of America, N.A. (as arranger) in respect of a US$200 million term loan facility for PJSC «MMC «Norilsk Nickel», the world’s largest producer of palladium and one of the largest producers of nickel, platinum, and copper
  • ING Bank (as documentation agent) in relation to US$300 million term loan facilities for NordGold (a major gold mining company) provided by a syndicate of banks, including ING, Raiffeisenbank, UniCredit, ROSBANK, and Société Générale, and guaranteed by NordGold subsidiaries in Canada, Guinea, Kazakhstan, and Russia 
Soft and Other Commodities
  • UBS (as documentation agent) in relation to a €255 million secured, syndicated loan facility for Ilim Timber, a major Russian sawn-timber producer with operations in Russia and Germany
  • Mriya, a major Ukrainian agricultural business, in respect of a US$25 million working capital facility structured as a loan note pre-export finance facility (PXF) issued to five EM-focused, international bond funds
Real Estate
  • The arranger in respect of the secured acquisition financing facility provided to Flotonic Limited for the purposes of its acquisition of 64.88% of the issued share capital of AFI Development, one of the leading developers in the Russian real estate market whose shares and GDRs are listed on the London Stock Exchange
  • Gazprombank as arranger in respect of US$240 million secured acquisition financing to O1 Properties for the purposes of acquiring from Capital Group over 40,000 sq.m. of office space in Tsvetnoy Legend Business Center
Project Finance and ECA
  • Public Investment Fund (PIF), the Saudi Arabian sovereign wealth fund, as creditor in respect of the project financing of the ZapSibNeftehim Petrochemical Complex, a petrochemical plant in Tobolsk in Western Siberia
  • Sumitomo Corporation on the US$4 billion Ambatovy mining project in Madagascar including multiple layers of support from JBIC*
  • Gazprom Space Systems on trade finance facilities in the amount of €200 million and US$300 million provided by BNP Paribas, Citibank, and Crédit Agricole, guaranteed by Gazprom (and partly backed by COFACE, the French export credit agency), to finance a turn-key satellite telecommunications contract with satellite and orbital-infrastructure builder, Thales Alenia Space*
Restructuring
  • The ad hoc committee of bank lenders in connection with the US$1.2 billion financial restructuring of Mriya, a major Ukrainian agricultural business
  • DTEK, the largest privately owned energy company in Ukraine, in connection with the restructuring of its secured and unsecured, syndicated and bilateral bank debt

* Matter handled prior to joining Latham & Watkins
** Matter handled while on secondment at BP PLC in London

 
 
 
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