CMS and Arsov Natchev Ganeva have advised contractor Arkad on the completion of the Balkan Stream Gas Pipeline project, which was completed at the end of December, 2020. Dentons’s Dubai office, KPMG Legal and Tsvetkova Bebov Komarevski in Bulgaria, and Latham & Watkins in Russia reportedly also advised the contractor on the deal. Linklaters’s London office, reportedly assisted by DGKV in Bulgaria, advised unspecified lenders on financing for the project.
Rybalkin Gortsunyan Partners has advised the shareholders of the Uchi.ru educational platform on the sale of a 25% stake in the platform, with an option of an increase to a controlling interest, to the Mail.ru Group and a consortium of investors formed by the Russian Direct Investment Fund and Russia-China Investment Fund. DLA Piper reportedly advised the buyers.
Noerr has advised Axion Cyprus Holding Limited, a holding company of Russia's Softline Group, on its acquisition of a majority stake in Softline AG, a company listed on the open market segment of the Dusseldorf stock exchange, from its current major shareholder, Baden-Baden-based S.K. Management-und Beteiligungsgesellschaft mbH. Houthoff Cooperatief and August Debouzy also advised Axion on the deal, which is expected to close before March 31, 2021.
Since 22 October 2018, the assets of several hundred mostly Ukrainian persons which are located in Russia have been frozen based on Presidential Decree 592 of 22 October 2018 (“Presidential Decree 592”) and Governmental Order 1300 of 1 November 2018 (“Governmental Order 1300”). To date, these and other sanctions against Ukraine are the only measures which have been taken under Federal Law 127-FZ “On measures (counter-measures) in response to unfriendly actions of the United States [...]” of 4 June 2018.
On October 15, 2020, CEE Legal Matters reported that Kachkin & Partners had successfully helped Russian general contractor STEP LLC reach a settlement with Pharmasintez-Nord JSC in a dispute regarding payment for work and related claims worth over RUR 100 million. CEEIHM spoke with Yulia Nikolaeva, Head of Legal Service at STEP LLC, to learn more.