Best Lawyers for Oil & Gas Law in Russia

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Practice Area Definition

Oil & Gas Law Definition

Oil & gas legal practice consists of advising clients who are active in the hydrocarbons industry on both their day-to-day legal issues as well as transactions. In many cases, the set of legal issues confronting oil & gas clients, and the types of transactions they are involved in, are unique to the hydrocarbons industry and to handle them efficiently requires multidisciplinary lawyers who are highly aware of oil & gas business customs, economics, and operations.  

The oil & gas business is itself divided traditionally into the "upstream" (exploration for, and extraction of, hydrocarbons), "midstream" (offtake, sales, transportation of oil & gas) and "downstream" (refining, distribution, and marketing of value-added refined products) segments, each of which has its own economics and a particular set of regulatory issues and types of business deals. The business and strategic goals of oil & gas companies can also be quite different depending on how vertically integrated they are, and oil & gas lawyers need to be aware of this. When we refer to "vertically integrated" companies, we mean the extent to which their business involves all aspects of the oil & gas value chain, from prospecting in remote areas to filling your car's tank at the neighborhood fuel pump. There are also clients whose business involves only one of the oil & gas business segments, and clients who are service providers or otherwise don't fit under the traditional definition of an "oil company" or "gas company" - the issues and deals can be very diverse.  

In Russia and many other jurisdictions, oil & gas legal practice not only requires a multidisciplinary, business-oriented approach, but also experience and awareness of how different laws apply to different aspects of business deals and operations. For example, a client might be involved in an M&A deal involving the acquisition of a Russia-based oil company, where the parties have chosen English law or New York law as being best suited to cover their complex commercial agreements, but if the oil & gas exploration and production licenses will be governed by Russian law, the operations must be conducted in compliance with Russian regulations and much of the due diligence files relating to the target will be in the Russian language and will require knowledge of Russian law in order to advise the purchaser properly on the legal risks. In such an example, the team of lawyers handling the matter on the client's behalf should include experienced business lawyers qualified in the law governing the commercial agreements (English or New York law) as well as subject-matter experts in Russian laws and regulations impacting the target business.

In addition to transactions and regulatory matters, oil & gas practice includes advising on disputes centering on issues specific to the hydrocarbons business, as well as advising shareholders, directors, and officers of oil & gas companies on legal responsibilities and risk assessments.

Chadbourne & Parke LLP

Chadbourne & Parke LLP logo

Oil & gas legal practice consists of advising clients who are active in the hydrocarbons industry on both their day-to-day legal issues as well as transactions. In many cases, the set of legal issues confronting oil & gas clients, and the types of transactions they are involved in, are unique to the hydrocarbons industry and to handle them efficiently requires multidisciplinary lawyers who are highly aware of oil & gas business customs, economics, and operations.  

The oil & gas business is itself divided traditionally into the "upstream" (exploration for, and extraction of, hydrocarbons), "midstream" (offtake, sales, transportation of oil & gas) and "downstream" (refining, distribution, and marketing of value-added refined products) segments, each of which has its own economics and a particular set of regulatory issues and types of business deals. The business and strategic goals of oil & gas companies can also be quite different depending on how vertically integrated they are, and oil & gas lawyers need to be aware of this. When we refer to "vertically integrated" companies, we mean the extent to which their business involves all aspects of the oil & gas value chain, from prospecting in remote areas to filling your car's tank at the neighborhood fuel pump. There are also clients whose business involves only one of the oil & gas business segments, and clients who are service providers or otherwise don't fit under the traditional definition of an "oil company" or "gas company" - the issues and deals can be very diverse.  

In Russia and many other jurisdictions, oil & gas legal practice not only requires a multidisciplinary, business-oriented approach, but also experience and awareness of how different laws apply to different aspects of business deals and operations. For example, a client might be involved in an M&A deal involving the acquisition of a Russia-based oil company, where the parties have chosen English law or New York law as being best suited to cover their complex commercial agreements, but if the oil & gas exploration and production licenses will be governed by Russian law, the operations must be conducted in compliance with Russian regulations and much of the due diligence files relating to the target will be in the Russian language and will require knowledge of Russian law in order to advise the purchaser properly on the legal risks. In such an example, the team of lawyers handling the matter on the client's behalf should include experienced business lawyers qualified in the law governing the commercial agreements (English or New York law) as well as subject-matter experts in Russian laws and regulations impacting the target business.

In addition to transactions and regulatory matters, oil & gas practice includes advising on disputes centering on issues specific to the hydrocarbons business, as well as advising shareholders, directors, and officers of oil & gas companies on legal responsibilities and risk assessments.