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BGP Litigation Advises PIK Group on Acquisition of Unfinished Moscow Shopping Center from BTA Bank

BGP Litigation Advises PIK Group on Acquisition of Unfinished Moscow Shopping Center from BTA Bank

Russia
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BGP Litigation has advised PIK Group on the acquisition of an unfinished shopping center on a square near Paveletsky Railway in Moscow from BTA Bank. The total area of the unfinished center is 73,000 square meters.

According to BGP Litigation, the construction of the shopping mall near Paveletsky Railway Station began in 2007. After the economic crisis of 2008, the work was suspended, and the project itself became subject of multiple legal proceedings, which resulted in purchase of the object at auction by BTA-Bank structures.

PIK Group is a real estate and home building company in Russia that was founded in 1994. Currently the company is listed on the Russian stock Exchanges of RTS and MICEX and on the London Stock Exchange.

BGP Litigation did not reply to our inquiries about the deal.

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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.

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