Gide acted as a Ukrainian advisor for Mitsubishi Heavy Industries, Ltd
The Kiev office of Gide Loyrette Nouel acted as a Ukrainian advisor for Mitsubishi Heavy Industries, Ltd. on the Ukrainian law aspects of the establishment of a joint venture with Siemens AG in the business of metallurgical technologies. The project resulted in the creation of Primetals Technologies Limited headquartered in the United Kingdom and acquisition of SIEMENS VAI Metals Technologies, a Ukrainian limited liability company which was carved-out from Siemens Ukraine. According to the JV Formation Agreement, Mitsubishi will hold 51% and Siemens will hold 49% in the share capital of the JV. Gide Loyrette Nouel's team of the Kiev office was led by senior associate Illya Tkachuk under the supervision of partner Bertrand Barrier.