SEB Group – acquisition of a newly registered Ukrainian bank (Accept Bank PJSC)

Advising SEB Group on the acquisition of a newly registered Ukrainian bank (Accept Bank PJSC) for the purposes of further servicing of international corporate clients of SEB Group in Ukraine. Vasil Kisil & Partners acted as the sole legal advisor to Skandinaviska Enskilda Banken AB (publ) in the process of developing the structure of the transaction and drafting all transaction-related documents, as well as obtaining all regulatory approvals for the acquisition of Accept Bank PJSC by Skandinaviska Enskilda Banken AB (publ), including the AMC acquisition clearance and the NBU acquisition approval. Moreover, the firm provided legal support for the launch of the operating activities of Accept Bank PJSC as a banking institution (expanding the NBU license for performance of currency transactions, obtaining the licenses of the National Securities and Stock Market Commission for trading in securities and engagement in the depositary activities of a securities custodian, obtaining membership in the payment systems Visa and Mastercard, etc.), provided full legal support for the transfer of international corporate clients of SEB Bank PJSC to Accept Bank PJSC (i.e. international corporate business spin-off), and provided further support for the completion of the transaction.