CMS Cameron McKenna Nabarro Olswang in Kyiv has announced that it advised SD Capital on English and Ukrainian law aspects of a joint venture transaction involving towage services in Ukraine’s Black Sea port of Yuzhnyi. P&O Maritime was advised on English law by Clyde & Co. and on Ukrainian law by Sayenko Kharenko.
As part of the transaction, P&O acquired control over the Ukrainian harbor towage company LB Shipping.
P&O Maritime is owned by DP World Group — one of the worlds’ largest port operators. The deal was signed by Andrey Stavnitser, SD Capital Partner, and DP World Group‘s Chairman and CEO, Sultan Ahmed Bin Sulayem, in November 2017 after a visit by Ukrainian President Petro Poroshenko to DP World Group‘s headquarters in the UAE.
The CMS team was led by Kyiv Managing Partner Graham Conlon and Senior Associate Tetyana Dovgan and included Vitalii Mainarovych, Olga Belyakova, Natalia Nakonechna, Olena Basanska, Diana Pysarenko (all in Kyiv) and Christian Delgado (in Amsterdam).
The Sayenko Kharenko team was led by Partner Vladimir Sayenko, supported by Counsels Maksym Nazarenko, Oleksandr Nikolaichyk and Alina Plyushch, and Associates Denis Dutchak and Mykhailo Grynyshyn.