INSUBCONTINENT EXCLUSIVE:
investment bank Morgan Stanley and British law firm Allen - Overy are helping Russian-born oligarch Sergei Kolesnikov as he seeks to claim
ownership of a major oilfield in southern Russia, The Guardianreported Monday.Kolesnikov, who is president of the construction materials
fell behind on its loan payments in 2014, Morgan Stanley launched an effort to help the creditors take a majority stake in UNK, which owns
far.Proceedings with the involvement of Morgan Stanley and Allen - Overy are now underway at the London Court of International Arbitration,
Overy partner provided an expert opinion during the proceedings.Both Morgan Stanley and Allen - Overy pulled out of Russia after the country
invaded neighboring Ukraine in early 2022.The Guardian stressed that there is no suggestion either Morgan Stanley or Allen - Overy broke any
laws or regulations.However, the publication does note that their work for Kolesnikov illustrates how Western firms continue doing business
and thermal insulation materials until at least 2018, though the Kremlin restricted access to information about military contracts after the
