Sayenko Kharenko acted as legal counsel to Aegon Group, the
Netherlands based life insurance business, on the sale of 100 per
cent shares in PrJSC "Insurance Company "Aegon Life
Ukraine" to TAS Group. The deal was signed in Kyiv on 21
September 2016 and was closed on 16 December 2016 after the change
of control was approved by Ukrainian regulatory authorities.
Aegon, headquartered in The Hague, is one of the world's
leading providers of life insurance, pensions and asset management.
The company operates in over 20 countries in Europe, Asia and the
Americas. Aegon companies employ over 29,000 people.
Founded in 2003, PrJSC "Insurance Company "Aegon Life
Ukraine" (previously PrJSC "Insurance Company "Fidem
Life") offers a full range of life insurance products.
Sayenko Kharenko provided full transactional support, including
general advice on corporate law and regulatory matters, deal
structuring, development and negotiation of all transactional
documents and assistance with completion of the transaction.
Sayenko Kharenko's team was led by counsel
Alina Plyushch and included associates of the corporate and
M&A practice Dmitry Riabikin and Mykhailo Grynyshyn. The
project was supervised by partner
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With a view to promote corporate transparency and prevent misuse of corporate vehicles for illicit purposes such as corruption, tax evasion, money laundering, the Financial Action Task Force ("FATF")...
An assignment of rights under a contract is normally restricted to the benefit of the contract. Where a party wishes to transfer both the benefit and burden of the contract this generally needs to be done by way of a novation.
We live in a time of transition. Old assumptions and alliances are being challenged. Calm, reasoned, rational debate is lost in the cacophony.
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