ALRUD advised Uber Technologies Inc. with regard to its JV with Yandex.Taxi

ALRUD advised Uber Technologies Inc. with regard to its JV with Yandex.Taxi

07 February 2018

ALRUD antitrust team successfully represented the interests of Uber Technologies Inc., an international IT company operating the ride hailing and food delivery mobile platforms worldwide, before FAS Russia with regard to the clearance of its JV with Yandex.Taxi, Russia’s largest online taxi booking service. The project created a combined platform, which covered six countries of CIS and other neighboring countries, and became the deal of the year in Russia according to the Forbes.

The company was valued at approximately USD 3.7 billion.

Specialists of Antitrust / Competition practice in close cooperation with the leading international and local antitrust counsels elaborated and applied the more appropriate strategy for the interaction with the authority and successfully received the clearance. The review process resulted in the elaboration of the new approach to the analysis of the relevant taxi market in Russia.

value of the combined company

In addition to the antitrust issues, ALRUD Corporate/M&A practice assisted Uber with corporate matters related to the reorganization of its Russian business. ALRUD Labour & Employment team supported the client with a great number of employment and HR-related issues.

ALRUD Competition / Antitrust team included Vassily Rudomino, Senior Partner, German Zakharov, Partner, and Alla Azmukhanova, Associate. Corporate and M&A team was led by Alexander Zharskiy, Partner and included Sergey Khanaev, Senior Associate and Dmitry Pashkov, Associate. Labour & Employment practice was represented by Irina Anyukhina, Partner and Maria Gnutova, Of Counsel.

Learn more about the projects of our Competition/Antitrust, Corporate and M&A and Labour & Employment Practices.

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