The SBH Law Offices team has successfully completed the first of its kind deal to attract investments from the large investment fund Zubr Capital Fund I to the young and promising Belarusian IT company MediaCube. Information on investing became available on August 15, 2019 after a press conference of the Zubr Capital company.
The uniqueness of the structure of the deal lies in the fact that during its implementation it was necessary to take into account the norms of Belarusian law and at the same time use the mechanisms of English law that are understandable and familiar to the investor. The Fund’s Investment Committee demanded guarantees of investment protection, which, unfortunately, cannot always be ensured (despite the applicability of English law to investment agreements), because registration actions should still be carried out according to the law of Belarus.
During the negotiations between the parties and the efforts of teamwork, legal solutions were found that protect the Fund and do not put the other side in a known disadvantage. These solutions are implemented in practice and will work throughout the entire investment period.
“Based on our many years of experience in structuring M&A deals, we can say that this is the first of its kind project combining various investment mechanisms, incentive programs, company management using elements of English law, which was made possible thanks to the new regulation under the HTP,” commented deal Alexander Bondar, partner SBH Law Offices.
The implemented project can serve as an excellent example of the fact that English law for HTP residents really works. Attracting investment from such a major player in a Belarusian company will also allow other startups to negotiate investment attraction in more detail, bringing this completed deal as a successful working case.
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