Send us mail at JPasser@prodigy.net

IPDG is headed by Juliette M. Passer, a U.S. attorney, who brings to the company over 11 years of broad international transactional experience, specializing in corporate and project finance. Ms Passer studied Soviet Law at the Columbia University School of Law and practiced law with Debevoise & Plimpton and Patterson, Balknap, Webb & Tyler in New York before forming IPDG. She has worked on international transactions ranging from an $8 million debt and equity investment into a Russian manufacturer by a U.S. investment fund to $250 million debt restructuring of a U.S. telecommunications company and a $250 million petrochemical plant financing in Russia, among others. She is fluent in Russian and has a working knowledge of Ukrainian. She writes and speaks widely on the issues of law and commerce in the NIS. She is a member of Council on Foreign Relations and serves on the Boards of Directors of the Council for Trade and Economic Cooperation and other companies.

IPDG works closely with a number of government relations consultants and firms in Washington and maintains a wide range of contacts with multilateral and international financial institutions in New York, Washington and London. IPDG also maintains and actively pursues contacts with various investment funds and individual investors seeking to invest in the emerging market economies.

Description of Services

Project Development and Financing
 
Presentation of projects to investment funds, venture capital funds, government-sponsored funds and private investors,

Preparation and presentation of Executive Summaries to potential investors,

Preparation and presentation of Business Plans to potential investors,

Market analysis of specific industries or products,

Regional analysis,

Identification and evaluation of key participants,

Identification and evaluation of potential local partners,

Evaluation of financial data of local partners,

Verification of credibility of companies,

Sourcing of products,

Identification and negotiations with the appropriate financing sources.

 Legal Services

Structuring of projects, specializing in joint ventures, project finance, and direct equity investments,

Negotiations and drafting of agreements and all collateral documentation,

General corporate representation of American companies and foreign companies in the US.

Government liaison services

Relationship development in the US (including Washington, DC and major cities, chambers of commerce and world trade centers), Russia, Ukraine, Uzbekistan, Korea, China, Argentina and United Arab Emirates,

Introductions and meetings with top level representatives of federal, regional and local governments,

Structuring of relationships with local business and political communities,

Introductions and representation at various industrial associations and membership organizations.

Assistance with Projects Sponsored by the US and Multilateral Agencies

U.S. Agency for International Development,

U.S. Trade and Development Agency,

Overseas Private Investment Corporation,

U.S. Export-Import Bank and the World Bank.

 Administrative Company Services

Organization and registration of corporations and limited liability companies,

Banking in the US, Bahamas, Cayman Islands and Jersey, Channel Islands,

Company identity packages,

Staffing assistance.

 Schedule of Fees

The firm's standard practice is based on monthly retainer charges for project development and hourly rates for legal and consulting work. The firm does not accept projects on a contingency basis.

The retainers range from $5,000 to $25,000 per month and in some instances the full or partial amount of the retainer may be refundable at the time of financing. In addition, the firm charges a success fee for each project (in some cases calculations may be based on Lehman's formula) and may take an equity position at the discretion of the firm.

Legal work is based on hourly rates, ranging from $125 to $250 for attorneys, $65-$110 for paralegal services and $450 per day for interpreters (written translations range from 15¢ to 25¢ per word).

Business Plans and Executive Summaries are prepared in conjunction with projects accepted for financing by the firm. The fees range from $15,000-$25,000, and depend on the quality of information available from the client directly and an amount of additional due diligence and accounting verification required by the Western standards. Executive Summaries are prepared for all financing projects and are usually covered by the monthly retainer, with the exception of start-up projects for which information is not readily available from the client.

In addition, the firm charges for all reasonable business expenses related to each project, which may include telephone, fax, copying, travel, transportation and the like. Expenses over $500 are pre-approved by the client and are usually paid by the client directly.

The above information is provided for reference only.

We welcome your inquires and ideas for expanding your operations or financing your project.

Avialeasing Aviation Company (AAC) is the first commercial charter airline in Uzbekistan to become fully certified to fly under its own flag. AAC, an Uzbekistan-American joint venture, with headquarters in Sergeli Airport, Tashkent, Uzbekistan, was established in 1992. Since the commencement of its charter operations, AAC has been an innovator in both commercial cargo and passenger operations.

In 1994 AAC became the first airline in Uzbekistan to provide passenger charters along a popular tourist route between Tashkent, Uzbekistan and Aleppo, Syria, on behalf of MIDA, the largest tour operator in Aleppo. In 1995 AAC become the first airline in the region to offer executive jet charters on board of a Hawker Siddeley HS125-700 twin-jet aircraft, under management from Clintondale Aviation, Inc., based in Tashkent, Uzbekistan. The executive jet charters are available to any destination in the CIS, Asia and Europe. Currently, AAC conducts regular cargo flights, using Ilyushin IL-76 aircraft, on a number of different routes, linking cities in Asia, the CIS, and Eastern and Western Europe. In 1996 AAC plans to begin providing commercial cargo flights to the United States and Canada.

AAC operates Illyushin Il-76 aircraft. This fleet is unique in its capability to transport non-standard cargo. Each aircraft has the capacity to lift 50t of cargo, or a combination of 40t of cargo with 36 passengers. In addition to its own fleet of Il-76 aircraft, AAC has entered into a Joint Operation Agreement with the Tashkent Aviation Production Association (a leading regional aircraft manufacturer) for additional Il-76 aircraft. AAC also has access, on a priority basis, to the 14 aircraft cargo fleet of its partner - the National Airline of Uzbekistan.

AAC collaborates with a large number of companies which sell cargo services and offers the following services to its clients:

• guaranteed delivery to destinations worldwide,
• forwarding freight,
• de- and consolidation of goods, and
• declaration of goods.

AAC currently has 110 employees, but with the planned expansion of its cargo and executive jet operations the number of employees is expected to grow substantially by the end of 1996. AAC's fleet is insured with the largest aviation insurance company in Russia - AVICOS and re-insured through Alexander Houden with the Lloyds of London. The liability coverage is $100,000,000.

For further information and schedule of rates, please, contact our headquarters in Tashkent or our U.S. counsel in New York, as follows:

or

E-mail: JPasser@prodigy.net