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DLA Piper Advises Debex on Sale of Minority Stake to Dmitry Shushkin

DLA Piper Advises Debex on Sale of Minority Stake to Dmitry Shushkin

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DLA Piper has advised Debex on the sale of a minority stake in the company to Dmitry Shushkin, the managing director of ABBYY Russia.

Debex is an online marketplace allowing financial institutions to sell non-performing loans and commercial debt to debt collectors through the auction process. It was founded by Alexander Danilov and Oleg Zankov, co-founders of CarPrice, an online car auction website. According to DLA Piper, "by the end of 2020, Debex plans to occupy up to half of the Russian market for overdue debt sold online, as well as start operations outside of Russia."

According to the ABBYY website, the company is "a leading provider of document recognition, data capture and linguistic software."

DLA Piper's team was led by Moscow-based Partner Leo Batalov, who was assisted by Senior Associate Andrei Sheetkin and Associate Tatiana Askarova.

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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.

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