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DLA Piper Advises Debex on Sale of Minority Stake to Dmitry Shushkin

DLA Piper Advises Debex on Sale of Minority Stake to Dmitry Shushkin

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DLA Piper has advised Debex on the sale of a minority stake in the company to Dmitry Shushkin, the managing director of ABBYY Russia.

Debex is an online marketplace allowing financial institutions to sell non-performing loans and commercial debt to debt collectors through the auction process. It was founded by Alexander Danilov and Oleg Zankov, co-founders of CarPrice, an online car auction website. According to DLA Piper, "by the end of 2020, Debex plans to occupy up to half of the Russian market for overdue debt sold online, as well as start operations outside of Russia."

According to the ABBYY website, the company is "a leading provider of document recognition, data capture and linguistic software."

DLA Piper's team was led by Moscow-based Partner Leo Batalov, who was assisted by Senior Associate Andrei Sheetkin and Associate Tatiana Askarova.

DLA Piper at a Glance

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, helping clients with their legal needs around the world. We strive to be the leading global full-service law firm by delivering quality and value to our clients. With practical and innovative legal solutions, we help our clients succeed.

In Central and Eastern Europe (CEE), DLA Piper continues to grow and now employs more than 320 lawyers, including 46 partners across its six offices in Austria, the Czech Republic, Hungary, Poland, Romania and Slovakia. With our global set-up and established relationship firms across all other CEE jurisdictions, we are among the largest and most experienced international law firms in the region. Through our experience gained advising on a variety of high-profile projects and the long-term relationships we have established with our clients, we have built a reputation as a leading business law firm across CEE.

Firm's website.