Philip Korotin counsels international and domestic clients across multiple industries, including infrastructure, private equity investments, media and telecommunications on private and public M&A transactions and corporate projects, including corporate restructurings and public companies’ securities transactions (tender offers and squeeze-outs). Philip also focuses his practice on transactional antitrust matters.
Philip has had leadership roles in obtaining antitrust clearances and approvals under Russian foreign investments laws in some of the largest, most complex global and domestic merger transactions. Philip also counsels on antimonopoly compliance issues relating to M&A transactions, including with respect to noncompete provisions, and those relating to commercial agreements (supply agreements, distribution agreements, etc.). A part of Philip’s antitrust practice is devoted to conducting antitrust compliance trainings for clients’ executives and key personnel.
A native Russian speaker, Philip is fluent in English and possesses basic knowledge of French and German.
Prior to joining Morgan Lewis, Philip was an associate with the corporate M&A practice of another
international law firm, resident in Moscow.
One of the largest private transportation and logistics holding companies in Russia that specializes in port logistics comprising marine terminals (grain, containers, port services, and other assets): in its acquisition through a public auction of 50% plus two shares in the largest Russian intermodal container operator, that handles container cargo throughout Europe and Asia. We guided the client through the auction process, due diligence, and bank financing matters. We also assisted with analysis on regulatory clearances that may be required in Russia and 12 other jurisdictions. This transaction has been recognized as the largest privatization deal in Russia in 2019.
Private investment company: in its acquisition of assets of one of the biggest Russian flower production farms in a bankruptcy auction; preceded with a formation of a joint venture with Russian co-investors to participate in the auction.
Major European cement producer on its tender offer to minority shareholders in its majority-owned Russian cement plant in the Urals region and the subsequent successful squeeze-out of minority shareholders and corporate reorganization of its Russian business.
Canadian software corporation: on the Russian matters of its global acquisition of the business a global leader in cross-platform solutions best known for its #1-selling software for running Windows on Mac.
One of the largest private transportation and logistics holding companies in Russia that specializes in port logistics comprising marine terminals (grain, containers, port services, and other assets): in a transaction to buy a significant interest in a leading container terminal operator serving Russian cargo flows. The target company’s global depositary receipts are listed and traded on the London Stock Exchange Main Market.
One of the largest private stevedore holdings in Russia, which consolidates a container terminal, grain terminal, and port services company: in a proposed joint venture with a worldwide leading marine and inland terminal operator to own and operate a container terminal at Novorossiysk Commercial Sea Port.
Global producer of heavy construction machinery: on the repurchase of a stake in its Russian production subsidiary, which manufactures and sells hydraulic excavators for the Russian market through a greenfield plant in Tver, from the European Bank for Reconstruction and Development.
A leading global healthcare company, through its Belgian subsidiary: on the sale (including a long-term manufacturing and supply agreement for the Russian market) of a Russian distribution company, which sells a range of traditional and homeopathic over-the-counter products, to a global pharmaceutical company.
One of Russia's largest pharmaceutical companies that sells products throughout the Russia/CIS region: in the sale of approximately 10% of its shares to a Japanese investor.
A Canadian public company: on the Russian law aspects of the sale of its completion tools business (with operations in Russia, Norway, the United States, and Canada) to certain subsidiaries of another Canadian company.
A Canadian public company: on the sale of its Russian pressure-pumping business to a subsidiary of a Russian oil giant.
A global recreational and commercial marine electronics company: on the Russian law aspects of the acquisition of a marine navigation business from the subsidiary of a global aviation company.
A global producer of high-tech specialty chemical products: on Russian matters for the acquisition of a global provider of agricultural chemicals and seed treatment products.
A global producer of high-tech specialty chemical products: on Russian matters for the acquisition of a major developer and distributor of innovative chemical solutions for the agroscience, health and nutrition science markets.
One of the largest US diversified media and information groups: on the restructuring of its Russian publishing joint venture—which published a number of top-selling magazines in the Russian market and owned and operated popular websites covering news and other content in different regions of Russia—to comply with a Russian law that imposes a 20% cap on non-Russian (foreign) investments in Russian media companies.
One of the largest US diversified media and information groups: on the restructuring of its Russian publishing joint venture, and the negotiation of a joint venture with a Russian partner, to comply with a Russian law imposing a 20% cap on non-Russian (foreign) investments in Russian media companies. The business published popular magazines in the Russian market and neighboring countries.
Large international media company: on its acquisition of the controlling interest in a local online media conglomerate comprising 20 businesses operating in seven regions of Russia, and on entering into a Russian law shareholders’ agreement with multiple individual shareholders.
The financial services unit of a US conglomerate: in the auction sale of its Russian bank ranked among Russia’s 150 biggest banks by assets, including counseling on transitional service arrangements and the sale of the bank’s mortgage portfolio, as well as trademark, corporate, employment law, and Russian regulatory issues.: in the auction sale of its Russian bank ranked among Russia’s 150 biggest banks by assets, including counseling on transitional service arrangements and the sale of the bank’s mortgage portfolio, as well as trademark, corporate, employment law, and Russian regulatory issues.
A major Finnish power company: on its acquisition of a power generating company in the Urals region of Russia, and assisted with further corporate takeover of this company.
Antitrust and Regulatory
Apollo Global Management: regular representation on the Russian merger control matters in connection with global transactions in various industries.
A Japanese international advertising and public relations company: on the regulatory aspects of the establishment of its first joint venture for the distribution of media and entertainment content in Russia with an investment firm with a particular focus on media business.
An Asian investment consortium: on obtaining prior approvals under the Russian Competition Law and foreign investments laws for the acquisition of majority stake in a Russian gold mining company.
Sandvik Group: on the Russian merger clearance for the sale of Varel International Energy Services business (drilling and downhole solutions to the oil and gas, mining, and industrial markets) to Blue Water Energy.
А private equity fund:on the merger control and foreign investments law aspects of its investment into the pharmaceutical holding created by a prominent Russian industrial group and a major Russian state-owned bank.
A major Russian gas and oil products processor: on antitrust issues in connection with the proposed acquisition of a strategic minority stake in a Kazakhstan state-owned company that is constructing a major new oil products processing plant, and on commercial arrangements to be executed at various stages of the transaction.
A global packaging producer: on Russian market dominance–related risks.
A leading global oil servicing company: on Russian antitrust regulatory framework and antitrust guidelines associated with organization and integration of a number of acquired companies that operate in the market of a specific product.
A major Russian stevedoring group on Russian and EU merger control rules and FSIL issues in the acquisition of a significant minority interest in a European company with London Stock Exchange–listed global depositary receipts that owns seaport terminals in Russia and certain EU states.
Heritage Capital: on obtaining a merger clearance in Russia for the acquisition of a controlling interest in luxury travel company Abercrombie & Kent, Group of Companies S.A., and a strategic partnership with Geoffrey J.W. Kent, its founder, chairman, and CEO.
A global chemical producer: on Russian merger control rules in the acquisition of a global producer of surface treatment products, which involved intensive work with the Russian antitrust regulator, which, among others, interacted with certain antitrust regulators in non-Russian jurisdictions in which the transaction was approved, and conducted a market test in Russia.
Houston-based primary distributor of petroleum in the Eastern and Midwestern United States: on Russian merger control rules and FSIL issues in the acquisition of a multinational group engaged in trans-shipment of oil and oil products that has a Russian subsidiary operating in the seaport of Kaliningrad.
One of Germany’s major cement manufacturers: on FSIL issues and merger control rules related to the acquisition of up to 100% interest in two Russian cement manufacturers in the Sverdlovsk and Chelyabinsk regions, and competition clearances.
One of Japan's major integrated trading and investment business enterprises: on Russian merger control rules in the acquisition of a worldwide fruit trading company.
A major Russian stevedoring group: on Russian merger control rules and FSIL issues related to a proposed joint venture with a Dubai-based worldwide seaport operator to operate a seaport terminal in Russia.
A publicly listed global producer of high-technology specialty chemical products: on Russian merger control rules in connection with the acquisition of Russian agricultural products and solutions businesses as part of a global acquisition.
A global media and entertainment company: on Russian merger control rules in connection with a proposed broadcasting joint venture, including counseling on a Russian competition clearance to receive negative control rights over certain Russian companies.
A global marine electronics company: on Russian merger control rules and obtained clearance from the Russian competition authorities for the acquisition of a marine navigation business.
Moscow State University, Russia, 2004, Law Faculty
Moscow State Linguistic University, Russia, 2000, International Relations Department
Awards and Affiliations
Member, Antimonopoly Experts Association
Recommended, Commercial, Corporate and M&A, Russia, The Legal 500 EMEA (2020)