Legal support in a transaction with respect to assigning a portfolio of mortgage loans

The team from our practice group provided comprehensive legal support to a major international bank in a transaction that involved an assignment of a portfolio of mortgage loans. 

At the first stage, our experts prepared an opinion on whether mortgage loans could be assigned to an organisation that was not licensed to perform banking transactions, researched whether it was possible to obtain consent for the transaction from the Russian Federal Antimonopoly Service and advised the client on related issues. Further, the lawyers of the practice area developed contractual documents for the transaction, negotiated with the parties to the transaction and obtained approvals with respect to the documents from the business partner.

It was important for the client to have legal services supplied to it on a ‘turnkey’ basis. The lawyers of Pepeliaev Group showed considerable expertise in this project and provided legal support through the full cycle of the transaction: from participation in determining its terms and conditions to closing.