Provided antitrust support in a transaction to transfer assets of an automobile manufacturer

The team of our practice has advised the client in the framework of a transaction to transfer assets of a Russian subsidiary of a manufacturer of trucks and buses to an official dealer.

Since the transaction directly affected the market of trucks and specialised machinery as well as the after-sales service and maintenance of them, the there was uncertainty as to whether the transaction was likely to be approved by the antimonopoly authority. Our lawyers prepared a petition and a set of attachments to obtain approval of the transaction from the Russian Federal Antimonopoly Service and actively worked together with the antimonopoly authority while the petition was being considered. As a result, our lawyers have been able to obtain the antimonopoly authority’s approval of the transaction and an order to perform transactions aimed at ensuring competition.

This project has significant importance for the client’s business: it has made it possible to continue sales and service maintenance of trucks and specialised machinery in Russia and to cater for the interests of Russian consumers.