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Debevoise Advises Ant Group on Forming Joint Ventures with Mail.ru Group, USM, MegaFon, and RDIF

Debevoise Advises Ant Group on Forming Joint Ventures with Mail.ru Group, USM, MegaFon, and RDIF

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Debevoise & Plimpton has advised the Ant Group on its agreements with Mail.ru Group, USM, Russian Direct Investment Fund, and MegaFon to create payments and financial services joint ventures. 

The deals are expected to close in 2021 after satisfying a number of conditions including third-party approvals. Upon completion, Russian shareholders will own the majority stakes in both the PJV and FSJV.

Debevoise & Plimpton’s team included in Hong Kong, Partner Edwin Northover, Associates Wen-Wei Lai and Tiffany Wu, and International Counsel Alison Lee; in Washington DC, Associate Robert Dura; in London, Partner Richard Ward and Associate Heather Atkins; and in Moscow, Associates Nikolay Kiselev and Anastasia Magid and International Counsel Evgeny Samoylov.

Debevoise did not reply to our inquiry on the matter.

Editor's note: After this article was published, Akin Gump announced that it had advised Mail.ru on the deal. The firm's team included London-based Partner Artem Faekov and Associate Alla Barford, Beijing-based Counsel Jingli Jiang, and Hong Kong-based Associate Janice Wong.

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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