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GAR 100 - 5th Edition

Egorov Puginsky Afanasiev & Partners

05 March 2012

The Russian firm has now expanded into Ukraine, absorbing the highly regarded Magisters practice

People in Who’s Who:
Pending cases as counsel:
Value of pending counsel work:
US$10 billion
Treaty cases:
Current arbitrator appointments:

Egorov Puginsky Afanasiev & Partners was founded in 1993 and has emerged as one of the leading local corporate law brands. It’s chairman, Dimitry Afanasiev, is on the board of Rusal, and has strong connections with the Russian state and various home-grown corporations and foreign entities. It was to Egorov Puginsky that BP turned for its (ultimately abortive) Rosneft deal.

Members of the firm have also on occasion caused a stir at conferences – a GAR reporter witnessed one at an IBA event in Kiev – by suggesting that reforms to the country’s civil and procedural codes mean Russia now has a thoroughly modern and arbitration-friendly judicial system. But that’s a topic for another day.

The firm recently expanded into the CIS by taking over Ukraine’s Magisters, itself a GAR 100 firm. Originally formed by two students of the Kiev Institute of International Relations, Magisters came under the spotlight in February 2011 when its Kiev office was raided by police and prosecutors as part of an investigation of the firm’s former client – state-owned energy company Naftogaz.

The merger with Magisters has added five jurisdictions and around 120 lawyers (11 of whom were partner) to Egorov Puginsky, making it 300-lawyers plus.

Other names to know at the firm are Dmitry Dyakin, Evgeny Raschevsky, Ilya Nikiforov, Victor Dumler, Dennis Turovets and Markiyan Kliuchkovskyi.


Egorov Puginsky now has offices in Moscow, St Petersburg, London, Kiev, Astana and Minsk.

Who uses it?

The two firms have worked for, among others, the Russian Federation, the Russian Railways, NEOCORP, BP, Telenor, TeliaSonera, Sibirsky Cement and the state of Ukraine.

Recent events

Aside from the merger, the main news for the international disputes team was the promotion of Markiyan Kliuchkovskyi to partner in Ukraine. As well as co-leading arbitration work, he is regarded as the leading local specialist on sports law (indeed, about the only one). He defended football club Metalist after it became embroiled in a scandal about match-fixing.

The firm helped European shareholders in Agroindbank, Moldova’s largest bank, win the set-aside of an ad hoc award in favour of Seychelles entity Merchant Outpost Company. The award would have served as a legal basis to write off shares in the bank held by the firm’s clients. A Russian appeal court confirmed the set-aside in late December 2011. Ilya Nikiforov coordinated the team, which included associates Ilya Tur and Kirill Kochergin.



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