Founded in Paris in 1920, Gide is a leading international law firm with 12 offices spread throughout the world.
Gide is physically present in six regions of the world, with 11 offices, enabling it to act on cases globally.
22 March 2012
22 March 2012: "Deal of the Year 2011" award - JSC Acron/VTB Bank's deal
Trade Finance magazine has named a transaction on which Gide Loyrette Nouel advised, the US$175,000,000 pre-export financing to JSC Acron (a leading global mineral fertiliser producer), arranged by VTB Bank (Austria) AG, "Deal of the Year" 2011.
This transaction was a classic pre-export financing but had a peculiar security and coverage ratio structure, one unusual aspect being that the coverage ratio was set with respect to the ultimate sales contracts whereas a typical pre-export finance structure will set the coverage ratios with respect to what is being assigned.
Grigory Marinichev, the partner in charge of Gide’s Russian finance practice who led the team advising VTB on this financing, commented: "It is an added bonus for us to advise on pioneering deals which subsequently win esteemed awards in the industry.".
