Bryan Cave Leighton Paisner and Harneys have advised HMS Technologies Limited, a major shareholder of HMS Hydraulic Machines & Systems Group, on the restructuring of core shareholder shareholding.
As a result of the restructuring HMS Technologies Limited, which is registered in Cyprus, transferred its entire shareholding to Russian registered company JSC HMS Holding. The transfer includes 71.51% issued share capital transferred to HMS Holding.
HMS Technologies will retain control over the majority shareholding in HMS Holding. The restructuring is not expected to lead to any change in corporate governance or corporate control in either HMS Holding or HMST. Bryan Cave Leighton Paisner reports that all applicable regulatory approvals have been obtained.
BCLP’s Moscow team was led by Partner Matvey Kaplouhkhiy and Counsel Yuriy Babichev, supported by Counsel Igor Zhivotov and Lawyers Mikhail Filatov, Yelena Shelomntseva, Tuyana Molokhova, Mikhail Yerokhin, and Kseniya Shevchenko. The London team consisted of Partner Benjamin Lee, Counsel Brian Mulkerrins, Associate Tom Bacon, and Junior Associate Ida Nizankowska-Polus. The BCLP team advised HMST on Russian, English, and EU law.
The Harneys team advising HMST on Cyprus law consisted of Partner Nancy Erotocritou and Lawyers Sonia Hamshaw and Elina Mantrali.