ALRUD team supported a transaction on the sale of Modi

The shareholders (heirs of Igor Sosin) sold the Modi business (a retail chain of goods at affordable prices) in favour of GEM Invest, a Russian investment company owned by Vladimir Paliy.

ALRUD team provided the comprehensive legal support to the seller, including structuring the transaction, drafting legally binding documentation under the Russian and English law, advising on the regulatory and sanctions aspects both under Russian and EU law, supporting the transaction closing and international settlement.

ALRUD team working on the project was led by Alexander Zharskiy, Partner of Corporate and M&A Practice, and included Senior Associates Kristina Akalovich and Roman Vedernikov, Associates, Olesya Klesheva and Arsen Simonyan.