Lawyers from White & Case's Moscow office have joined the firm's multi-office team advising a consortium of French and international investors on the global reorganization of the relationships and obligations between Arc Holdings, its shareholder, bondholders, and public authorities.
According to White & Case, "on August 14, 2020, the Lille-Metropole Commercial Court approved a conciliation agreement providing for a new loan of EUR 108 million granted by the French state, the Hauts-de-France region, and the Communaute d'agglomeration du Pays de Saint-Omer to the Arc Group, a leading French manufacturer of tableware and glassware, which has been weakened by the coronavirus crisis. The agreement is accompanied by the establishment of a distribution partnership and a long term license agreement with Arc Group’s Russian production subsidiary. This agreement was negotiated under the supervision of the CIRI (Comite Interministeriel de Restructuration Industrielle)."
The White & Case team was led by Paris-based Partners Saam Golshani and Alexis Hojabr and included Paris-based Partners Alexandre Ippolito and Clara Hainsdorf, Moscow-based Partner Andrei Dontsov, Paris-based Associates Alexandre Balat, Alice Lonard, Margaux de Lembeye, and Claire Sardet, and Moscow-based Associate Jiutuo Sun.