Avellum Partners advised Bayer AG
Avellum Partners аdvised Bayer AG on corporate, contractual and employment issues related to the global spin-off of Bayer MaterialScience AG, which now operates under Сovestro AG name as an independent entity.
Avellum Partners advised Bayer AG on structuring of transfer of the employees, appointment of CEO of the new Ukrainian entity, structuring of employment relations and advising on transfer of fringe benefits. Avellum also advised on issues related to transfer of contracts and assets and general corporate issues within this transaction.
Avellum Partners team working on this project was led by managing partner, Mykola Stetsenko, with significant support from associates, Yuriy Zaremba and Andriy Gumenchuk.