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Bryan Cave Leighton Paisner Russia advises Joom SIA on Acquisition of Stake in iGooods

Bryan Cave Leighton Paisner Russia advises Joom SIA on Acquisition of Stake in iGooods

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Bryan Cave Leighton Paisner Russia has advised Joom SIA on its acquisition of a 10% stake in on-line shopping platform iGooods.

Bryan Cave Leighton Paisner describes Joom as "an international mobile market place available in more than a hundred countries and with offices in Latvia (HQ), Russia, Hong-Kong, and the USA. It was co-founded by Iliya Shirokov, ex-CEO at Odnoklassniki and founder of MoiKrug, the first social network in Russia. Its global audience reaches some 25 million active users a month. Joom users have access to deliveries from Asian markets and local vendors and brands, including globally renowned ones. They can also subscribe to news and offers from brands and updates and reviews from bloggers/influencers, as well as enjoying personalized product offerings and discounts."

According to Bryan Cave Leighton Paisner, "iGooods is a home and grocery delivery service from the largest hypermarkets: Metro, Lenta, Karusel, Prisma, Globus, Selgros, VkusVill, & Magnit. Delivery is carried out [within] 90 minutes on the day of order! Currently iGooods operates in St. Petersburg, Moscow, Kazan, Belgorod, Orenburg, and Surgut."

The Bryan Cave Leighton Paisner team was led by Partner Ekaterina Dedova and Associate Ragima Rashkueva and included Counsels Nikolay Kholshev and Anton Nefedev and Junior Associates Mikhail Erokhin and Gleb Liubochko. 

Bryan Cave Leighton Paisner did not reply to our inquiry about counsel for IGooods.

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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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