ALRUD Experts of Corporate and M&A Practice prepared materials for the ABA International Law Section publication
Under the guidance of Anton Dzhuplin, Partner of Corporate and M&A Practice, Anna Grosheva, Senior Associate, and ****Valeria Schepkina****, Junior Associate, prepared an article on: “Option and convertible loan agreements as legal and financial instruments aimed at the protection of the investor’ interests and risk mitigation within venture investing” for the American Bar Association International Law Section publication on ****“International M&A and Joint Ventures”****.
This publication, featuring opinion of 27 authors from 14 jurisdictions, summarizes the latest developments in the legislation and fast-moving landscape of mergers, acquisitions, and joint ventures.
Authors from Russia prepared the materials for “International M&A and Joint Ventures” in cooperation with authors from Brazil, Chile, China, the Dominican Republic, El Salvador, India, Korea, Nigeria, Poland, Spain, USA, Uruguay, and Vietnam.
The full text of the publication in English is available here.
21 May 2024
ALRUD Team successfully advises VEON on the exit from the Russian Market via sale of VimpelCom (Beeline brand) to Russian top management
VEON is a major telecommunications operator in the CIS and several Asian countries that provides communications to more than 150 million users every day. VimpelCom (Beeline brand) was previously part of VEON Group.
The ALRUD team advised VEON on comprehensive legal support throughout all the stages of the transaction:
on the initial stages of the transaction, the ALRUD team advised VEON on general issues related to the structuring of the transaction and advised on the auction sale process with several potential buyers;
ALRUD lawyers subsequently supported VEON with negotiating transaction documents with the Russian top management of VimpelCom led by Alexander Torbakhov. This included complex issues associated with structuring the redemption of VEON Eurobonds taking into account Russian and international regulatory restrictions and a disruption in communication between the National Settlement Depository and Euroclear/Clearstream;
on the final stages of the transaction, ALRUD represented VEON in negotiating commercial terms of the brand’s division and the operating activities of VEON Group and VimpelCom, as well as in complex issues involving the finalization of the transaction (including interaction with the registrar and broker).
Supporting such a major and multi-faceted transaction would not have been possible without the full-service concept of ALRUD law firm. We not only provide comprehensive, high-quality legal assistance, but also integrate our services into our clients’ strategic goals.
The ALRUD team that worked on the project under the guidance of Corporate and M&A Practice Partner Sergey Khanaev and Head of the Corporate and M&A Practice Alexander Zharskiy included a cross-functional team from the Corporate, Competition/Antitrust, Commercial/IP and Tax practices: Partner German Zakharov, Senior Associate Anna Grosheva, Senior Associate Ksenia Erokhina, Senior Associate Daniil Lozovsky, Senior Associate Sergey Artemiev, Senior Associate Kristina Akalovich, Associate Eva-Maria Shakhmaeva, Associate Yulia Malchenkova and Associate Olga Yuz.
12 October 2023
ALRUD experts held the webinar “Foreign Business in Russia: Practical Aspects of Exit Strategies. Impact of latest Russian counter-sanctions regulations”
On October 6, 2022, experts of Corporate/M&A and Competition/Antitrust Practices held the webinar “Foreign Business in Russia: Practical Aspects of Exit Strategies. Impact of latest Russian counter-sanctions regulations”.
Alexander Zharskiy, Partner and Head of Corporate and M&A Practice, Sergey Khanaev, Partner of Corporate and M&A Practice, German Zakharov, Partner of Competition/Antitrust Practice, Alexander Kleschev, Senior Associate of Corporate and M&A Practice and Anna Grosheva, Associate of Corporate and M&A Practice summarised recent market experience for strategies and options considered and implemented by foreign investors in Russia.
The speakers gave overview of legal and practical aspects that should be taken into consideration, including the following:
Exit strategies and options;
Payment of dividends;
Using cash of Russian companies;
Liaising with Russian authorities and examples of consents;
Key aspects and legal effect of Presidential Decree No. 618;
Legal regime under the Presidential Decree No. 618 and Presidential Decree No. 520;
Legal and practical consequences of Presidential Decrees violation. Legal initiatives.
The webinar was a great success with the audience.
06 October 2022