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BCLP Advises HMS on Restructuring

BCLP Advises HMS on Restructuring


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. 

Russian Knowledge Partner

Founded in 1993, Egorov Puginsky Afanasiev & Partners is the leading full-service law firm in the CIS with offices in Russia, Ukraine and Belarus and associated offices in the UK, the USA and Cyprus.

We advise its clients in many areas of law, including: dispute resolution in Russia and abroad, corporate law, M&A, antitrust issues, project finance and PPP, restructurings and insolvencies, energy and natural resources, property management and privatization, environment, technical regulation and industrial safety, banking and finance, intellectual property, criminal law, real estate and construction, taxation, family and labour disputes, marine and transport law, and international trade and customs.

We combine high academic qualifications, internationally acknowledged moral and ethical values, senior partners' professional experience and practical abilities with the vigour and knowledge of younger attorneys that enables thus providing clients with reliable, first-class service according to both Russian and western standards through a flexible structure.

All News about, and Legal Analysis by, Egorov Puginsky Afanasiev & Partners can be found here.

Firm's website: www.epam.ru


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