Egorov Puginsky Afanasiev & Partners has advised the National Media Group on the sale of shares in one of its companies to an unspecified buyer.
According to EPAM, "the project was unique in that the firm’s associates successfully used a new transactional mechanism for legal support that was recently introduced into Russian legislation – irrevocable power of attorney – and engaged the depositary as an escrow agent. The team also made use of the recently reformed legislation on securities."
The firm’s St. Petersburg-based team included Head of Corporate and M&A Elena Agaeva, Senior Associate Evgenia Evdokimova, and Associate Elena Kvartnikova.
