Provided legal support to a client as it entered into a RUB 1 billion transaction

The corporate practice provided support to a client, a real estate development company, as it was entering into a transaction worth RUB 1 billion.

Our lawyers “verified” the transaction structure which the client had agreed with the buyer, prepared documentation (including an SPA, letters of disclosure and exhaustive lists of warranties about the situations of the seller and the buyer, including warranties about real estate items owned by the companies whose shares were the subject matter of the transaction) and participated in negotiations with the buyer. Also, our experts have successfully insisted on changes in the transaction structure which helped protect the client's interests, provided assistance during the signing/closing of the agreement and maintained contact with the notary. The transaction was closed in a very short time.

This project was complex because of the need to change the transaction structure so that the client could be confident that it would receive the full price of the membership interest being disposed of before the ownership title would be fully transferred and to check whether approvals needed to be obtained from the Federal Antimonopoly Service and the government commission under the Ministry of Finance).