DLA Piper advised McDonald’s on opening of restaurant in Kyiv
DLA Piper has advised and represented McDonald’s, leading global fast-service restaurant brand, in a recently completed transaction resulted in opening of a new restaurant in Kyiv. McDonald’s used the development of residential complex Obolon Residences on the former restaurant’s territory, operated since 1999, as an opportunity to move to a new building with a brand-new format, unique architecture and innovated design. The new restaurant with the area of over 750 square meters, McDrive line and a terrace was opened on 8 November at 26A Obolonsky avenue, close to location of recently closed restaurant.
The DLA Piper Ukraine team provided full legal support to McDonald’s in the transaction, which included legal due diligence, advice on various construction regulatory, tax and land issues, structuring of the deal, development of transaction documents, negotiations with developer and general contractor, assistance with title registration and closing of the deal.
The Kyiv-based Real Estate team was led by Partner and Head of Real Estate in Ukraine Natalia Kochergina with key input from legal director Oleg Matiusha and associate Ievgen Storozhenko. Head of Tax Illya Sverdlov and senior associate Dmytro Rylovnikov advised McDonald’s on tax related matters.
McDonald’s Head of legal Iryna Mysiychuk said, ‘It was a quite challenging deal with some complex legal and technical issues, which should have been resolved. This project was successfully carried out thanks to DLA Piper’s legal team involvement and support’.
Partner and Head of Real Estate in Ukraine Natalia Kochergina said, ‘We have a long-term client relationship with McDonald’s, and have successfully supported them on a number of projects. We appreciate that once again our team was chosen as a legal advisor for the challenging and exciting project’.
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