Integrites acted as legal advisor to VTB Bank

International law firmIntegritesacted for VTB Bank on the share capital increase in the amount of around USD 680 million. The decision to perform the capital increase was made to ensure the continued sustainable development of PJSC VTB Bank on the Ukrainian market. After completion of the recapitalization, the bank has been ranked the third by the size of authorized capital among the Ukrainian banks.

The team conducted complex legal support to all corporate, approval and compliance procedures related to recapitalization of the bank by the private placement of additional shares including holding of the General Meeting of Shareholders, approval by the National Bank of Ukraine, registration of share issue stipulated by the regulations of the National Bank of Ukraine and the National Commission on Securities and Stock Market (NCSSM). The project was implemented by the team of lawyers of the Banking and Finance Practice under the leadership of partners Ruslan Bernatsky and Vsevolod Volkov.