Accession of PJSC “UNICREDIT BANK” to PJSC “UKRSOTSBANK” (two banks of UniCredit Group operating in Ukraine) was performed on 02 December 2013 within the course of the integration process commenced in August 2013. The banks approved the transfer balance sheet under which all property, property rights and obligations, assets and capital of PJSC “UNICREDIT BANK” were transferred to PJSC “UKRSOTSBANK” as the bank-successor. Full legal completion of the accession process is expected in the first half of 2014.
Vasil Kisil & Partners acted as a legal adviser to PJSC “UNICREDIT BANK” and PJSC “UKRSOTSBANK” in the course of drafting all transaction-related documents and obtaining of regulatory approvals from the Antimonopoly Committee of Ukraine and the National Bank of Ukraine, as well as advised on legal matters of the accession process on a daily basis.
The team of Banking and Finance Practice Group of Vasil Kisil & Partners which supported the project included senior associate Maryna Fedorenko and associate Olena Nikolenko, led by the firm’s partner Yulia Kyrpa. The process of obtaining of the approval from the Antimonopoly Committee of Ukraine was supported by associate Anna Litvinova under the supervision of the firm’s partner Mariya Nizhnik.