Lawyer Monthly Magazine - February 2020 Edition

73 FEB 2020 | WWW.LAWYER-MONTHLY.COM Transactions Reports This announcement appears as a matter of record only Yandex’s Corporate Restructuring Legal advisers to Yandex: Yandex's Corporate Restructuring Yandex NV (NASDAQ and MOEX: YNDX) - one of Europe’s largest internet companies and a leading tech business in Russia - underwent a complex restructuring of its corporate governance. They were advised by Morgan Lewis; Debevoise & Plimpton and Kemperink Maarschalkerweerd Wouters advised the Special Committee of the Board of Directors of Yandex. According to Debevoise & Plimpton, “The restructuring seeks to balance the interests of the company’s stakeholders, including its public shareholders, with developments in Russia’s regulatory environment, including proposed limitations on foreign ownership of businesses.” Due to newly formed legislation in Russia, the restructuring included the creation of a new Public Interest Foundation (PIF) which will hold a “golden share” in Yandex, giving it limited and targeted governance rights with respect to sensitive aspects of the business. This will be governed by a board of directors including university and nongovernmental institution representatives in Russia and Yandex’s management team. Debevoise's team was led by Moscow Partner Alan Kartashkin and London Partner James Scoville. The Kemperink Maarschalkerweerd Wouters team included Partners Guus Kemperink and Rob Wouters. This announcement appears as a matter of record only Telus International’s Acquisition of Competence Call Center Legal advisers to Telus International: Telus International's Acquisition of Competence Call Center Telus International, a world-leading communications and information technology company which delivers next-generation digital solutions for global brands, entered into a share purchase agreement on 5 December 2019 for the acquisition of Competence Call Center (CCC), which provides value-added business process outsourcing (BPO) solutions in 11 countries, including Turkey, from European private equity firm Ardian. The transaction is expected to close within the first quarter of 2020 after regulatory approvals are obtained. Pakosy acted as local counsel to Telus International for Turkish aspects of the transaction, with Shearman & Sterling acting as global counsel. The project was led by Paksoy’s Corporate/M&A partner Stéphanie Beghe Sönmez, together with Corporate/M&A associate Miray Cura. Paksoy’s Antitrust/Competition team, led by partner Togan Turan, advised on the merger clearance filing. The project also required particular input from the real estate team.