Pavel Dunaev
Associate | London
Pavel Dunaev

Pavel Dunaev is a corporate and securities associate who advises clients on corporate transactions, including M&A and antimonopoly issues, as well as on commercial matters related to business operations in Russia.

Mr. Dunaev is listed in the 2021 edition of The Legal 500 EMEA for Commercial, Corporate and M&A. Since 2020 he has also been recognized by Best Lawyers for his expertise in corporate law and M&A law.

Mr. Dunaev was part of the team that won CEE Legal Matters' 2020 Deal of the Year for Russia, which recognized Dechert’s involvement in Sinopec’s joint venture with SIBUR to develop the Amur Petrochemical Complex.

  • Sinopec on its US$10 billion strategic joint venture with SIBUR to develop one of the largest integrated petrochemical projects in the world in terms of production output of base polymers, including securing joint venture clearance from the Strategic Commission of the Russian Government and advising on related antimonopoly matters. 
  • Ashmore Group and Spinnaker Capital in connection with the sale of certain Russian real estate assets to the Russian Direct Investment Fund.
  • Kinross Gold Corporation on its recently announced plans to acquire Chulbatkan, a high-quality, heap leach development project in Russia, from N-Mining Limited for a total fixed consideration of US$283 million. The deal, which required extensive due diligence of the subsoil license holding company, includes approximately US$113 million in cash and US$170 million in Kinross stock, plus 1.5% contingency payments. The acquisition is a strategic addition to Kinross’s existing mining operations, as it is expected to be a high yield, yet low-cost operation.
  • An ad hoc noteholder committee on the restructuring of the US$875 million eurobonds of FESCO plc, a Russian transportation and logistics conglomerate, implementing the eventual deal using a scheme of arrangement.
  • Alfa-Bank on a number of matters, including (i) a debt to equity swap transaction (including a put option agreement) with one of the largest independent power producers in Russia; and (ii) the acquisition of shares (including a put and call option agreement) in a Cyprus company holding agricultural assets in Russia.
  • Dufry on its US$1.73 billion acquisition of 100% of the Nuance Group, involving extensive due diligence and advice on Russian and English law shareholders’ agreements, guarantees, and lease/concession agreements.
  • Mechel, via its wholly owned subsidiary Oriel Resources, on its US$425 million disposal of the Voskhod Mining Plant (in Khromtau, Kazakhstan) and Tikhvin Ferroalloy Plant (in Tikhvin, Leningrad Region, Russia) to Turkey’s Yildirim Group.
  • VimpelCom on numerous matters, including (i) the staged acquisition of a distribution network and associated pre-closing restructuring, which involved a share purchase agreement and a shareholders’ agreement; (ii) extensive legal due diligence of an offshore entity holding shares in three mobile network operators in Russia in connection with its potential acquisition by VimpelCom; and (iii) data privacy issues in connection with the cross-border transfer of employees’ data.
  • A Russian operator of food electronic cards on the issuance of shares in its Cyprus company to employees through a stock option program and a debt to equity transaction.
  • A global investment bank in relation to the restructuring of a Russian and Ukrainian agricultural business.
    • MGIMO University, Master of Law, 2012
    • University of Aberdeen, LL.M., 2011
    • MGIMO University, Bachelor of Law, 2010
    • Russian Federation
    • Russian
    • English
    • German