Avellum has acted as legal counsel on the merger of PJSC MTB Bank and PJSC Commercial Bank Center.
The merger was conducted under a simplified procedure introduced by the Law of Ukraine On Simplifying Reorganization and Capitalization Procedures for Banks, which became effective on April 29, 2017. According to Avellum, the merger is the third transaction of this type in the Ukrainian banking sector since the law came into force.
MTB Bank provides a full range of banking operations with over 130 branches in big Ukrainian cities and renders services to over 11,000 companies and 200,000 individuals. As a result of the merger, MTB Bank became a legal successor of Bank Center.
Avellum’s team was led by Co-Managing Partner Mykola Stetsenko, supported by Of counsel Yaroslav Medvediev, Senior Associate Andriy Romanchuk, and Associates Dmytro Tkachuk, Oleksandr Kulykovskyi, Anton Arkhypov, and Uliana Lutchyn.