“She has particular expertise in acting for Russian and CIS clients.”

Chambers Global 2019

Natalia is described as “available, patient, convincing and determined – she leads the client in the right direction.”

Chambers Global 2019

A “highly rated” litigator.

The Legal 500 UK 2019

Market commentators highlight her “depth of legal knowledge.”

Chambers UK 2019

Natalia’s “performance impresses clients; she is totally committed and literally dedicates all of her time to the matter she is working on“.

The Legal 500 UK 2017

Natalia “manages to secure favourable outcomes for clients in cases that seem hopeless“.

The Legal 500 UK 2017

Natalia’s ‘fluency in Russian adds great depth to her Russia and CIS-focused practice.’

Chambers UK 2016

Market sources praise Natalia for her extremely good tactical mind and her ability to remain incredibly calm under pressure.

Chambers UK 2016

Natalia is ‘especially recommended for her experience representing clients in Russia and the CIS.’

Chambers UK 2017

A“very bright, robust and shrewd tactician who fights her client’s corner and goes the extra mile.”

Chambers UK 2017

Natalia is commended for having extraordinary, high-quality analytical skills.

The Legal 500 2017

Natalia is a “steely litigator with excellent litigation instincts“.

The Legal 500 UK 2014

Market commentators highlight Natalia’s “depth of legal knowledge.“

Chambers Global 2018

Natalia has a good handle on treaty arbitrations.

Chambers UK 2015

  • Chambers UK 2021
  • The-Legal-500-UK-2021-Leading-Firm


Natalia has over 15 years’ experience in litigation and arbitration in complex and high value international disputes often involving several jurisdictions and multiple parties. Her legal career has a strong focus on acting for clients from ex-Soviet countries (primarily Russia, Ukraine, Kazakhstan and Tajikistan).

Natalia has extensive experience in a variety of commercial disputes including contractual disputes arising out of SPAs and related contractual documentation, shareholders’ agreements, investment agreements, option agreements, debt finance agreements and related security documentation, personal guarantees, partnership disputes (in relation to offshore private equity structures).

Natalia also has extensive experience in disputes concerning asset valuation, oral high level agreements between oligarchs in relation to joint investments, fraud claims and related asset tracing actions, claims arising out of liquidation of investment funds.

Natalia has significant experience in both applying for and opposing the grant of freezing orders and other interim relief, jurisdictional challenges, enforcement of arbitral awards in offshore jurisdictions and related insolvency proceedings.

Natalia’s experience spans across many industry sectors including oil and gas, water, aluminium, metallurgical, banking, electricity/infrastructure, argotrading, construction, aviation, automobile, railway, pharmaceutical, telecommunications, plastic manufacturing and others.

Natalia also has a strong focus on banking and financial services disputes. She is currently representing a group of clients against IG, a FTSE 250 spread betting company, in relation to IG’s handling of their EUR/CHF trades on 15 January 2015 after the Swiss National Bank removed the ‘floor’ exchange rate of 1.20 Swiss francs per Euro. Natalia is also currently acting in a high profile case against a UK national bank in a dispute concerning the attempted closure of several bank accounts. This case is focused on current banking industry practices in closing bank accounts of individuals with high profile and/or of non-British origin.

Natalia is a regular speaker at conferences and she contributes to Financier Worldwide MagazineCorporate Disputes, leading Russian legal publications Legal Insights and The Law.

Natalia is recommended in The Legal 500 UK 2020 for International Arbitration, and is commended for being a “highly rated” litigator, and having “extraordinary, high-quality analytical skills”. She is recognised by The Legal 500 and Chambers UK for her “fantastic experience and responsiveness”, for being an “extremely good tactical mind”, a “steely litigator with excellent litigation instincts” and she has been praised for her ability to “remain incredibly calm under pressure”. Chambers Global recognises Natalia as a Dispute Resolution Foreign Expert for Russia, and notes she is “available, patient, convincing and determined – she leads the client in the right direction. Market commentators highlight her “depth of legal knowledge”, and Chambers Global also notes that she is a “very bright, robust and shrewd tactician who fights her client’s corner and goes the extra mile.”

In her spare time, Natalia has another passion, the welfare and protection of animals in Russia. She is the Founder and a Trustee of a UK animal welfare charity LAPA, which helps to ensure the safety of animals in Russia.

Please visit http://www.lapauk.org/en/ for more information.


  • Acting for a Gibraltar investment vehicle in a dispute between partners of a BVI investment fund. The dispute concerned construction of BVI limited liability partnership articles on the issue of ‘carried interest’ entitlements of approximately US$200 million. The case was heard by the BVI Commercial Court in the first instance, then by the Eastern Caribbean Court of Appeal and the final appeal was recently determined by the Privy Council in favour of our client. Natalia also acted in related but separate BVI proceedings concerning the valuation of some of the key assets of the BVI fund. The value of the dispute is in excess of $200 million.
  • Acting for a defendant, a Russian oil and gas business group, in relation to a number of related High Court and LCIA arbitrations proceedings arising out of loan agreements, personal guarantees and other loan security documentation. The approximate total value of claims was $500 million and the value of counterclaims was in excess of $6 billion.
  • Acting for a claimant in LCIA arbitration arising out of an SPA in relation to the sale of a group of Russian companies in the electricity/infrastructure industry. The approximate value of claims was $60 million.
  • Acting for a claimant in high Court proceedings in relation to loans and investment in coal mining industry in an ex-Soviet country. The approximate value of claims was US$40 million.

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