News (#12 December 2016)

Deals

AVELLUM advised on cross-border intra-group transfer of UniCredits CEE Business

AVELLUM acted as Ukrainian legal counsel in connection with the cross-border transfer of loan assets from UniCredit Bank Austria AG to UniCredit S.p.A., Italy, as part of the wider transfer of the CEE business, including the shareholdings of CEE subsidiaries. AVELLUM advised on Ukrainian law matters, including issues of transferability of loans and related security instruments as a result of such transfer. The firms team was led by counsel, Igor Lozenko, with significant support from associates Taras Stadniichuk, Pavlo Shevchenko, Anastasiya Voronova, and Orest Franchuk, under the supervision of partner Glib Bondar.

Sayenko Kharenko advised Shanghai Giant Network Technology Co.

Sayenko Kharenko advised Shanghai Giant Network Technology Co. (Giant) on the Ukrainian aspects of acquisition of Playtika Ltd, one of the worlds largest social casino gaming company.A consortium of leading Chinese private equity firms, including Giant,purchased Caesars Interactive Entertainment (CIE) Playtika unit for USD 4.4 billion in an all-cash deal. Fenwick & West and Allen & Overy led the transaction globally. Sayenko Kharenkos team was co-led by counsel Alina Plyushch and senior associate Oleksandr Nikolaichyk with support from senior associates Oleg Klymchuk, Mykyta Polatayko, Kateryna Zhebanova, Andriy Zhupanyn, Mykhailo Grynyshyn, Oksana Andronyk and Aida Karagezian. The project was supervised by partner Andrei Liakhov.

Dentons advised Adecco Group

Dentons acted as a Ukrainian legal counsel to the Adecco Group, the worlds leading provider of HR solutions, on the sale of its Ukrainian subsidiary to Lugera Holding, s.r.o. The purchase supports Lugeras strategy of expanding into the HR consultancy sector in Ukraine. The Dentons Kiev team, led by partner Oleg Batyuk and associate Anna Tkachenko, provided full support for the transaction.

Sayenko Kharenko advised Oschadbank

Sayenko Kharenko acted as legal counsel to PJSC State Savings Bank of Ukraine (Oschadbank) in connection with an uncommitted trade finance guarantee facility of up to EUR 50 million provided by the European Bank for Reconstruction and Development (EBRD) to Oschadbank as an issuing bank under the EBRDs Trade Facilitation Programme. The EBRDs Trade Facilitation Programme promotes international trade amongst the EBRD countries of operations, including Ukraine, and provides support to Ukrainian exporters and importers through the EBRDs partner issuing and confirming banks. Following Oschadbanks joining the Programme as an issuing bank, the EBRD will be able to provide guarantees to international confirming banks in connection with international trade transactions of Ukrainian business involving Oschadbank.Oschadbank, a state-owned bank, is the second largest bank by assets and retail deposits among more than 100 Ukrainian banks. Sayenko Kharenkos team included counsel Anton Korobeynikov, senior associate Maria Tsabal and was led by partner Nazar Chernyavsky.

AVELLUM advised UniCredit Group

AVELLUM advised UniCredit Group on Ukrainian law matters in connection with the disposal of 99.9% shares in PJSC Ukrsotsbank, an asset of UCG in Ukraine, in exchange for a minority stake (9.9%) in ABH Holdings S.A.As a result of this deal, UCG became a minority shareholder in ABH Holdings S.A., an investment holding company of the banking group of Alfa-Group, headquartered in Luxembourg.Linklaters advised UCG on English law matters, while Rothschild and UniCredit Corporate & Investment Banking acted as the financial advisers of UCG on this transaction.The team working on this project was led by a counsel, Yuriy Nechayev, with significant support from an associate, Andriy Romanchuk, under the supervision of managing partner Mykola Stetsenko. Additionally, Vadim Medvedev, a senior associate, advised on tax law matters, Yaroslav Medvediev, an associate, advised on antitrust matters, and Yuriy Zaremba, an associate, advised on real estate and labor law matters.

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