In October, 2008 AS “Latvijas Krâjbanka”, one of the leaders in the Latvian banking sphere, acquired 51% of shares in SIA „Center Credit”, Latvia. As a result of this transaction, AS “Latvijas Krâjbanka” acquired an indirect control over Ukrainian based limited liability company “Spozhiv Servis”, being wholly owned subsidiary of SIA “Center Credit”. The core of “Spozhiv Servis” business is providing consumer credits to the population under the registered trademark “CENTER CREDIT.”
While providing legal support for the project Vasil Kisil & Partners’ lawyers conducted a limited legal due diligence of “Spozhiv Servis”, structured transaction, drafted and negotiated the documents on Ukrainian companies involved in the transaction, reviewed and analyzed share purchase agreements,, loan and shareholders agreements from the Ukrainian legislature compliance point of view, participated in negotiations and provided other legal support. Vasil Kisil & Partners law firm also represented AS “Latvijas Krâjbanka” in Ukrainian merger clearance matters.
The lead senior associates on the project were Mariya Nizhnik and Polina Zagnitko supervised by partner Denis Lysenko. Leading associate Yulia Kyrpa and associate Maryna Fedorenko advised the client on financial matters, drafted and negotiated loan and security documents. Associates Yury Grytsenko and Sergei Savchuk were involved in legal due diligence process and drafting of corporate documents. AS “Latvijas Krâjbanka” was represented in Ukrainian Antimonopoly Committee by Vasil Kisil & Partners’ associate Oksana Franko.
Vasil Kisil & Partners is one of the leading and long-established law firms in Ukraine that has impeccable reputation, unique expertise and is providing top quality services to its clients. Founded in 1992, the firm has assembled a talented team of 65 experienced and skilled lawyers dedicated to the highest level of service adhering to internationally accepted professional and ethical standards. Vasil Kisil & Partners provides legal support to both Ukrainian companies operating abroad as well as foreign and international corporations doing business in Ukraine.
For additional information, please, contact Tatyana Sabitova, PR & Communications Executive at:
Tel.: +38 044 581-7777
Fax: +38 044 581-7770
sabitova@vkp.kiev.ua
