Attorneys Aivar Pilv and Anneli Aab from Leadell Pilv in Estonia have successfully defended clients Karl and Kaarel Liivapuu in Harju County Court against a civil claim for damages of over EUR 127,000 based on allegations that they improperly influenced "a member of management board ... to perform a transaction harmful for the company by selling an apartment under its market value."
Bojanovic & Partners has advised King Engine Bearings group, a manufacturer of engine bearings for automobiles, trucks, marine, and aviation, on its acquisition, through its Serbian subsidiary Sinterfuse d.o.o., of the assets of Serbian joint stock company Sinter a.d. u likvidaciji. ODI Law advised the sellers.
Njord has assisted bitcoin gambling operator bitcasino.io establish a bitcoin gambling operating company — Kopikas Entertainment OU — with only bitcoins as share capital contribution. According to Njord, "the share capital contribution in bitcoins was one of its kind and the first in Estonia and most likely in the world."
Debevoise has advised NLMK and its U.S. subsidiaries on a USD 250 million revolving ABL facility to refinance existing indebtedness. Hogan Lovells advised sole coordinator and bookrunner and mandated lead arranger Bank of America Merrill Lynch International, as well as mandated lead arrangers JPMorgan Chase Bank and Citibank. Bank of America was appointed as facility agent, collateral agent, and issuing bank.
White & Case has advised PJSC Detsky Mir, Russia's largest children's goods retailer, as issuer, and PJSFC Sistema, as selling shareholder, on the RUB 21.1 billion (approximately USD 360 million) IPO of up to 33.55 percent of Detsky Mir’s ordinary shares on the Moscow Exchange. Credit Suisse, Goldman Sachs International, and Morgan Stanley are acting as Joint Global Coordinators and Joint Bookrunners, with Sberbank CIB and UBS Investment Bank also acting as Joint Bookrunners. The banks were represented by Linklaters.
CMS has advised the Belgian real estate developer Atenor on the sale of Building A in the Vaci Greens complex in Budapest.
Freshfields Bruckhaus Deringer has advised PAO Severstal on its USD 250 million issuance of senior unsecured guaranteed convertible bonds, due 2022. The transaction is the first-ever Russian bond issuance, and, according to Freshfields, one of the first emerging-market bond issuances to achieve zero-coupon pricing.