Daniil Lozovsky

ALRUD Law Firm represented AGC in a transaction on the sale of its two glass manufacturing subsidiaries in Russia (Bor Glassworks and Klin Glassworks). Mr. Igor Mikhailovich Leytis, a profile investor, acted as the Purchaser under the transaction. ALRUD Team provided comprehensive legal support for the transaction, including preparation of legally binding documentation, control over compliance with the conditions precedent, transaction closing, and advising on the transaction clearance procedure within the Russian perimeter. ALRUD Team working on the project included Andrey Zharskiy, Partner of the Corporate and M&A Practice, German Zakharov, Partner of the Competition/Antitrust Practice, Oleg Ezhov, Of Counsel, Daniil Lozovsky, Senior Associate, Sofia Derbeneva, Associate, and Natella Kortiashvili, Associate.

VEON is a major telecommunications operator in the CIS and several Asian countries that provides communications to more than 150 million users every day. VimpelCom (Beeline brand) was previously part of VEON Group. The ALRUD team advised VEON on comprehensive legal support throughout all the stages of the transaction: on the initial stages of the transaction, the ALRUD team advised VEON on general issues related to the structuring of the transaction and advised on the auction sale process with several potential buyers; ALRUD lawyers subsequently supported VEON with negotiating transaction documents with the Russian top management of VimpelCom led by Alexander Torbakhov. This included complex issues associated with structuring the redemption of VEON Eurobonds taking into account Russian and international regulatory restrictions and a disruption in communication between the National Settlement Depository and Euroclear/Clearstream; on the final stages of the transaction, ALRUD represented VEON in negotiating commercial terms of the brand’s division and the operating activities of VEON Group and VimpelCom, as well as in complex issues involving the finalization of the transaction (including interaction with the registrar and broker). Supporting such a major and multi-faceted transaction would not have been possible without the full-service concept of ALRUD law firm. We not only provide comprehensive, high-quality legal assistance, but also integrate our services into our clients’ strategic goals. The ALRUD team that worked on the project under the guidance of Corporate and M&A Practice Partner Sergey Khanaev and Head of the Corporate and M&A Practice Alexander Zharskiy included a cross-functional team from the Corporate, Competition/Antitrust, Commercial/IP and Tax practices: Partner German Zakharov, Senior Associate Anna Grosheva, Senior Associate Ksenia Erokhina, Senior Associate Daniil Lozovsky, Senior Associate Sergey Artemiev, Senior Associate Kristina Akalovich, Associate Eva-Maria Shakhmaeva, Associate Yulia Malchenkova and Associate Olga Yuz.

Global Legal Insights, which specializes in professional guides on various branches of law, has published an extensive study on merger control. Leading law firms from 30 countries have provided reviews for Global Legal Insights – Merger Control 2021. The review on Russia was prepared by representatives of ALRUD Antitrust Practice, namely by German Zakharov, ALRUD Partner, Daniil Lozovsky, ALRUD Senior Attorney and Olga Gorokhova, ALRUD Junior Attorney. The experts analyzed the merger control procedures between Russian public authorities, noted the features of the FAS (Federal Antimonopoly Service) merger review process over the past 12 months during the current COVID-19 restrictions and also wrote about the changes that are expected in Russian merger control legislation. You can read the full article by clicking on this link.