Binder Groesswang and Clifford Chance have advised Emirates NBD Bank PJSC on the acquisition of 99.85% of the shares of Turkish DenizBank A.S. and its Austrian subsidiary DenizBank AG from Sberbank of Russia. Herbert Smith Freehills advised Sberbank on the sale.
Egorov Puginsky Afanasiev & Partners has successfully represented Bank Saint Petersburg in a case against Russian entrepreneur Vitaly Arkhangelsky and Oslo Marine Group Ports LLC before the High Court of Justice. The Court ordered Oslo Marine Group Ports to pay St. Petersburg Bank over RUB 1.5 billion and dismissed the counterclaim of Arkhangelsky and OMG.
The Moscow office of Bryan Cave Leighton Paisner has successfully represented the Prosveshcheniye publishing house in an intellectual property rights dispute against Russian publishing house Ventana-Graf, part of the Russkiy Uchebnik Corporation. The Court ordered Ventana-Graf to pay Prosvescheniye RUB 3.7 billion as compensation for trademark infringement.
Bryan Cave Leighton Paisner has represented the interests of Double LLC, a software developer for searching, storing, and analyzing large amounts of data, in a dispute with the social network VKontakte over the use of open data from a social network on the principle of a search engine. VKontakte was represented by S&K Vertical.
"The biggest challenge for companies in Russia today is the serious administrative burden," says Andrei Gusev, Managing Partner at Borenius Russia. "There are a huge number of outdated conglomerate regulations in various sectors, applied since the Soviet times, that leads to contradictions among requirements and regulations."
Sayenko Kharenko has acted as Ukrainian legal counsel to Anheuser-Busch InBev S.A./N.V., and SUN InBev Ukraine in relation to the combination of the Russian and Ukrainian businesses and assets of AB InBev and Anadolu Efes Biracilik ve Malt Sanayii AS and the creation of a joint venture. Cleary Gottlieb Steen & Hamilton acted as AB InBev’s Global Counsel, while Efes was represented by Norton Rose Fulbright.
On January 8, 2018, CEE Legal Matters reported that the X5 Retail Group had acquired a supermarket chain operating under the "O’Key" brand in Russia. Later we learned that the acquired supermarket chain was LLC Razvitiye Malykh Formatov. We invited Tatiana Sumarokova, Head of M&A Legal Support Division at X5 Retail Group, to share her thoughts on X5's cooperation with external counsel in the transaction.