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Nadmitov, Ivanov and Partners Assists Rivulis Irrigation in Creation of JV with Polyplastic Group

Nadmitov, Ivanov and Partners Assists Rivulis Irrigation in Creation of JV with Polyplastic Group

Russia
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Nadmitov, Ivanov and Partners has represented the interests of Israel's Rivulis Irrigation Ltd in relation to the establishment of a joint venture with the Polyplastic Group.

Nadmitov, Ivanov and Partners describes Rivulis as "one of the world leaders in the development of the solutions for drip irrigation," and reports that the Polyplastic Group "is the largest producer of polymer composite materials and piping systems for the networks of housing and public utilities infrastructure, industrial enterprises, and agriculture in the post-Soviet area." According to the firm, "Polyplastic-Rivulis Irrigation Pipeline Systems JVC will start the production of the drip tape and pipe this spring in the city of Volzhsky near Volgograd, in the largest agricultural region of Russia. The joint venture company will promote and sell products of the Rivulis and Eurodrip brands, components, including pipes and fittings, of the Polyplastic Group, as well as offer services for the installation and maintenance of drip irrigation systems. It is expected that the joint venture company will introduce the latest solutions in the field of drip irrigation into Russia, which will increase the yield and efficiency of agriculture."

According to NIP, "our services included Russian law review of the terms of a corporate agreement concluded between shareholders of the Russian company governed under English law, the company’s charter and other contracts necessary for the joint venture company to function effectively."

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