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Hogan Lovells Advises Sberbank on Acquisition of Stake in Facial Recognition Startup

Hogan Lovells Advises Sberbank on Acquisition of Stake in Facial Recognition Startup

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Hogan Lovells has advised Sberbank on its acquisition of a 25% stake in facial recognition startup VisionLabs. Financial details of the deal, made via Sberbank's Digital Business Development Administration fintech venture fund, were not disclosed.

VisionLabs has a ten-year partnership deal with Equifax in Russia and is used by more than 20 banks to prevent credit fraud.

The Hogan Lovells team included Moscow Office Managing Partner Oxana Balayan and Moscow Counsel Maria Baeva and Associates Olga Khachikyan and Alla Gorbushina, supported by Hogan Lovells Asterdam Corporate Partner Victor de Vlaam and Associate Kai Althaus.

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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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