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Anastasia "Nastya" Malyugina

Managing Director

Anastasia “Nastya” Malyugina is a managing director in BRG’s Disputes and Investigations practice.

She works across Eastern Europe, the Commonwealth of Independent States (CIS), and Central Asia, based in London.

Ms. Malyugina has specialised in forensics for more than ten years and works with governments, banks, large corporations, and high-net-worth individuals requiring forensic accounting and valuation advice, especially in the context of ongoing or prospective arbitration or litigation, or in settlement negotiations. She acts as a forensic accounting and damages expert witness and has testifying experience. She has handled cases across jurisdictions including Russia, Kazakhstan, Uzbekistan, Ukraine, Turkmenistan, Georgia, Armenia, Latvia, Estonia, Slovenia, Slovakia, and the United Kingdom.

Ms. Malyugina has acted across a wide range of industries and subject matters. Her particular focus is investor-state arbitrations and commercial disputes involving energy and natural resources, major infrastructure and construction projects, and real estate, as well as large-scale financial services litigation.

Ms. Malyugina is an Executive Committee member of the Russian and CIS Arbitration Network (RCAN). She is a regular speaker at conferences and events relating to the CIS.

Ms. Malyugina is a native Russian speaker. Between 2009 and 2015, she was based in the Moscow office of a Big Four firm.

Employment History

PWC London, Head of Russia & CIS Forensics Desk
Senior manager to director
2015 – 2020

PWC Moscow
Associate to senior manager
2009 – 2015


ACCA Qualified

Areas of Expertise


Moscow State University for International Relations
BSc (honours), International Commerce and Accounting, 2009


Who’s Who Legal: Future Leader

  • Arbitration 2021 – Expert Witnesses

“Absolute superstar of heavyweight arbitration battles”

  • Investigations – Forensic Accountants 2021

“She has great attention to vast amounts of detail and sees the critical points that make or break the quantum case.”