The BIRCH team acted as a counsel to the shareholders of Zapadnaya Gold Mining on the sale of the Group to a private investor. The Group of gold mining companies has been running its operations for over 40 years developing 13 gold properties in the Northeast of Russia and Eastern Siberia, including geological exploration, development and production.
For BIRCH’s part, the project was led by Senior Partner Anton Sitnikov and Counsel Vitaly Koloskov (corporate), as well as Partner Anton Bakov (finance) and Partner Andrey Shpak (tax). The transaction team also included Senior Associate Arsen Simonyan, Associate Fatima Kurkchi and Junior Associate Victoria Farkova (corporate); Attorney at Law, Senior Associate Andrey Shubin (finance); Attorney at Law, Senior Associate Ivan Koreshkov (tax).
Yury Pugach, Co-Managing partner BIRCH, Attorney at Law: “We are grateful to the shareholders of Zapadnaya Gold Mining for the trust they have placed in us and for the opportunity to provide legal assistance and support in completing one of the most notable transactions in the gold mining sector in Russia in the last 12 months. We wish our clients every success in furthering their goals and Zapadnaya Group - continued success with new shareholders.”
Pavel N. Babarykin, Chairman of the Board of Directors of Zapadnaya Gold Mining: “On behalf of the shareholders of Zapadnaya Gold Mining and myself personally, we thank BIRCH team for their exceptional professionalism in supporting this transaction on the sale of 100% of the shares in Zapadnaya Gold Mining Group. Every member of the team has been thoughtful, focused and dedicated throughput the entire process. They promptly highlighted potential risk areas and always offered pragmatic and efficient solutions to safeguard the interests of our shareholders. We wish all at BIRCH good health, success in your service, family well-being, and an abundance of requests to oversee major projects. Thank you!”