Project Finance/Public-Private Partnership

Since 2008, the CLS Public-Private Partnership and Project Finance practice has remained one of the most stable and needed on the Russian market. The team provides a full range of legal services in the framework of structuring, preparation and implementation of infrastructure projects using various models – from concession agreements and PPP agreements to investment contracts, operator agreements, life cycle contracts and EPC contracts. The practice provides support not just in the course of entering into various types of agreements – concession, PPP, contractual, investment, etc., but also provides legal support in these projects at the stages of their execution and, if necessary, termination.

CLS represents the interests of a wide range of market participants: financing organizations, state and municipal structures, which ensures maximum understanding of clients' goals and an integrated and multifaceted approach to fulfilling their tasks. The team has accumulated extensive positive experience in structuring investor relations with the contractor and technical customer, with the operator and other parties involved in the project.

The team has successfully implemented over 170 infrastructure projects in over 40 regions of the country and abroad, including the first landmark projects: the reconstruction of Pulkovo Airport in 2008-2009, the construction of the Western High-Speed Diameter in St. Petersburg in 2011. The portfolio of implemented projects includes Russia's largest projects in various industries with investments of over 700 billion rubles.

Expertise

  • Structuring an organizational and legal framework for a project, including liaising with financial and technical advisers when developing the financial model and technical and economic description of the project
  • Preparation of tender documentation, support of the client when participating in the tender (preparation of tender bids and proposals, support in negotiations, etc.)
  • Development of documents for entering into agreements on a private initiative, including draft concession agreements and PPP agreements
  • Financial closing support, including preparation of a draft direct agreement, security and other documentation, syndicated lending support, including preparation of loan agreements, intercreditor agreements and other documents necessary for ensuring project financing
  • Legal support on retainer during the fulfillment of project obligations throughout the entire life cycle
  • Development and maintenance of contracts, supplies, operator agreements and other contracts for the project



Practice Team

Pavel Karpunin

Partner

Julia Soffer-Ignatieva

Head of Infrastructure and Foreign Investments practice

Anna Persiantceva

Head of PPP and Project Financing practice



Practice Projects

Project Finance/Public-Private Partnership

Support for environmental infrastructure projects


Implementation:
01.2018 – 07.2026
Project Finance/Public-Private Partnership

Support for infrastructure projects in rail and city transport, as well as parking


Implementation:
01.2017 – 07.2026
Project Finance/Public-Private Partnership

Support for infrastructure projects in housing and utilities


Implementation:
01.2016 – 07.2026
Project Finance/Public-Private Partnership

Support for infrastructure projects in education


Implementation:
01.2011 – 07.2026


Directories & Rankings


16 leading positions in the "Best Legal Practices and Industries" section, 9 lawyers ranked individually.

2026


CLS was recognized in 16 categories of the largest national legal ranking.

Высокая оценка экспертов за успешные судебные кейсы и стратегию защиты интересов клиентов.

Основные достижения:

  • Победы в арбитражных судах
  • Сложные финансовые споры
  • Корпоративные конфликты

2025


CLS was recognized as a leader in three categories: PPP, Corporate Law and Transactions, and International Projects.

Компания вошла в число лидеров рейтинга за выдающийся опыт сопровождения корпоративных сделок и структурирования бизнеса.

  • Слияния и поглощения
  • Регистрация и структурирование бизнеса
  • Комплексное сопровождение международных компаний
«Команда демонстрирует непревзойденный профессионализм в работе с корпоративными клиентами» — Экспертное жюри

2025



Analytics

Legal overview of regulations governing investment activities

On 01.04.2020, Federal Law No.69-FZ “On protection and promotion of investments in the Russian Federation” (hereinafter the…

Analytics

7 reasons why infrastructure projects stay on paper

One in a hundred. This is not a chance to win the lottery and not a bet, but rather the percentage of infrastructure projects…

Media about us

Kindergarten and school can both be PPP

Head of the St. Petersburg PPP and Project Finance group at Capital Legal Services Julia Antipova, whose team implemented…

Analytics

Procedure for establishing boundaries of seaport approved

Review of laws improving regulation of seaport activity: January 2019.    

Analytics

List of possible objects of concession/PPP agreements is updated

Draft laws providing broader range of possible objects of Public-Private Partnership projects are adopted.

Media about us

Why are foreigners investing in Russian roads and airports?

Principal Associate of Capital Legal Services, Dmitry Raev gave his comments to “Russia Beyond the Headlines“ on the development…

Analytics

Amendments made to Federal Law “On public-private and municipal-private partnership in the Russian Federation”

On July 3, 2016, the Russian President signed amendments to the Federal Law “On public-private partnership and municipal-private…

Analytics

Foreign rating agencies could leave the Russian market in 2016-2017

Restrictions provided by the law and a capability of the Bank of Russia to directly control many internal processes in rating…

Analytics

Federal Law No.224-FZ “On public-private partnership…” dated July 13, 2015 and regulatory acts specifying certain provisions of the law have taken effect

Starting from January 1, 2016, Federal law No.224-FZ “On public-private partnership…” dated July 13, 2015 and regulatory acts…

Analytics

List of cases for entering into a life cycle contract is expanded

Government Decree expands the list of cases for entering into life cycle contracts