Vladimir Khrenov is head of the derivatives and structured financial products practice at MZS & Partners. He was the principal drafter of the industry standard documentation for the Russian domestic OTC derivatives market, including the Model Terms of a Contract for Financial Derivative Transactions (the Model Terms) as well as product annexes thereto for foreign exchange derivatives, interest rate derivatives, equity derivatives and fixed income derivatives, as well as the collateral support annex. He was one of the three industry experts tasked with upgrading the industry documentation to ensure its eligibility for close-out netting under the new insolvency regime in Russia. More recently, Mr Khrenov has lead the MZS team drafting the commodity derivatives definitions, a protocol for foreign equity and fixed-income securities and the credit derivatives definitions for the Russian market.
Mr Khrenov advises some of the largest sell-side and buy-side clients – both Russian and international – on all aspects of the derivatives and structured products markets and transactions involving Russian law aspects or parties. He advised the National Settlement Depository in relation to setting up an OTC trade data repository. He also advised the Moscow Exchange on the pilot project of CCP clearing of single currency and cross-currency interest rate swaps.
Prior to joining MZS & Partners, Vladimir was head of the emerging markets derivatives practice in the legal department of the JPMorgan London branch and subsequently headed up the derivatives and structured products practice at the Moscow office of a Magic Circle law firm.