Provided legal support with regard to a transaction for over RUB 1 billion in the banking sector

The team of the practice provided legal assistance under a project of a major international bank operating in Russia which involved the assignment of a large portfolio of credit cards to another bank.

Under the transaction, the portfolio of credit cards of the issuing bank was sold to another bank together with the client base for subsequent servicing.

Our lawyers assisted the client with drafting contractual documentation under the transaction and advised it on the matters of banking regulation which applied to the transaction. The amount of the transaction exceeded RUB 1 billion.