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ODI, LTA, and Schoenherr Advise on RIDG Holding's Acquisition of Majority Stake in Slovenian Paper Mill

ODI, LTA, and Schoenherr Advise on RIDG Holding's Acquisition of Majority Stake in Slovenian Paper Mill

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ODI Law in Slovenia and the LTA Legal Tax Audit firm in the Czech Republic have advised the Czech Ministry of Finance and IMOB and PRISKO, the Ministry's two state-owned subsidiaries, on the cross-border sale of a majority stake in VIPAP VIDEM KRSKO, the largest paper mill in Slovenia, as well as on the sale of claims against it, all to Czech-based RIDG Holding. RIDG was advised by Schoenherr.

The transaction, which was governed by Slovenian and (partly) Czech law, and was subject to various conditions precedent (including merger clearance in various jurisdictions), was preceded by a lengthy and complex ODI-led restructuring process of VIPAP that involved the sale of claims against the company by other financial creditors, including the two largest Slovenian banks (NLB and NKBM) and TCK, to RIDG. (As reported by CEE Legal Matters on December 16, 2016).

The ODI team on the sale to RIDG Holding was led by Partner Suzana Boncina Jamsek. 

The LTA team was led by Counsel Zdenek Rosicky. 

The Schoenherr team was led by Prague-based Partner Vladimir Cizek and Ljubljana-based Attorney at Law Jurij Lampic.

Schoenherr at a Glance

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu