Baker & McKenzie Advises Siemens on EUR 2 Billion Order

Moscow, Russia, 19 September 2011 – Baker & McKenzie has advised Siemens in connection with a EUR 2 billion contract for the delivery of Desiro RUS type regional trains to Russian Railways (RZD). The order, for which a preliminary contract was signed in June of this year, is for the delivery of 1,200 rail cars.

The trains will be delivered by Siemens Train Technologies, a joint venture between Siemens and the Russian rail technology manufacturer Sinara. Starting from 2013, the new cars ordered by RZD are to be built in the Ural Locomotives plant near Yekaterinburg, where Siemens and Sinara started manufacturing electric freight locomotives earlier this year under the Ural Locomotives joint venture.

As part of its advice for Siemens, Baker & McKenzie was involved in the preparation of the draft delivery contract and participated in extensive negotiations with RZD. Moscow partner Sergei Voitishkin, who supervised the Baker & McKenzie team on the deal, said: "It was extremely gratifying to be entrusted by Siemens with such a strategic transaction and to obtain a successful result for our client. This deal is representative of a number of significant market transactions for our Corporate Practice." The Baker & McKenzie team also included associates Sergey Krokhalev and Natalia Tataru in Moscow.

For more than 155 years, Siemens has been active in Russia, where the company's industrial, energy and healthcare divisions hold leading positions, with Siemens IT Solutions and Services functioning across all three. Siemens currently has more than 3,300 employees in Russia. In fiscal 2010 (1 October 2009 – 30 September 2010), sales to customers in Russia amounted to almost EUR 1.2 billion. New orders totalled around EUR 2.6 billion.