Morgan Lewis has advised Yandex on restructuring the ownership of its MLU and self-driving joint ventures with Uber and acquisition of all shares in the Yandex.Eats, Yandex.Lavka, Yandex.Delivery, and Self-Driving businesses for a cash consideration of USD 1.0 billion. Alrud advised Uber on the deal. Cooley and Herbert Smith Freehills reportedly also advised the seller.
In its July 2020 Schrems II judgment, the Court of Justice of the European Union invalidated the Privacy Shield for EU-US personal data transfers for commercial purposes. In a case concerning data transfers by Facebook Ireland to the US, the court concluded that because of its mass surveillance programs, the US does not provide the adequate – that is, a sufficient – level of personal data protection that is guaranteed by EU law. What conclusions may be drawn from Schrems II for personal data transfers to Russia almost one year later?
Bryan Cave Leighton Paisner has advised Russia’s Sberbank on its sale of debt and equity in the Eurocement Group to the Mikhaylovsky Construction Materials Plant for an aggregate consideration of RUB 161 billion. According to BCLP, Schellenberg Wittmer advised the seller on Swiss law while Patrikios Pavlou & Associates and Chryssafinis & Polyviou advised on Cypriot law. Rybalkin Gortsunyan & Partners advised the buyer on the deal.