Goltsblat BLP advised Rosimushchestvo on the shareholders’ agreement with the Republic of Bashkortostan on disposal of and voting by shares in PAO Joint-Stock Oil Company Bashneft.
Goltsblat BLP, the Russian practice of the international law firm Berwin Leighton Paisner (BLP), advised the Federal Agency for State Property Management (Rosimushchestvo) on the shareholders ‘agreement with the Republic of Bashkortostan on disposal of and voting by shares in PAO Joint-Stock Oil Company Bashneft.
Pursuant to the Agreement, the parties undertook to exercise shareholders' rights in concert in relation to preparation and voting at general meetings of shareholders of PAO Joint-Stock Oil Company Bashneft, as well as at Board of Directors’ meeting on key operational issues, such as approval of the development strategy and budget, determination of dividends, approval of major transactions, election of the Chairman of the Board of Directors, appointment of the President of the Company and other matters. The Agreement also sets out the parties' obligations in relation to disposal of the Company's shares.
Goltsblat BLP’s project team included Anton Sitnikov, Partner, Head of Corporate/M&A Practice, Matvey Kaploukhiy, Partner, Corporate/M&A, and Anton Panchenkov, Head of Group, Corporate/M&A.
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