NEWS (February 22, 2019)

AVELLUM advised MTB Bank and Bank Center on merger

AVELLUM acted as the legal counsel on the merger of PJSC MTB Bank and PJSC Commercial Bank Center. The merger was conducted under a simplified procedure introduced by the Law of Ukraine On Simplifying Reorganisation and Capitalisation Procedures for Banks, which became effective on 29 April 2017.

As a result of the merger, MTB Bank became a legal successor of Bank Center.

AVELLUM advised MTB Bank and Bank Center on a wide range of corporate, employment, and antitrust matters. Moreover, the firm assisted both clients in preparation of all the transaction documents in connection with the merger.

The merger is the third transaction of this type in the Ukrainian banking sector since the Law came into force.

The AVELLUM team was led by co-managing partner Mykola Stetsenko with support from senior associate Andriy Romanchuk, associates Dmytro Tkachuk and Oleksandr Kulykovskyi. Of counsel Yaroslav Medvediev together with associates Anton Arkhypov and Uliana Lutchyn covered the antitrust matters.

 

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