Accompanied a major transaction on sale of a cottage village on favorable conditions
Supported a transaction in excess of RUB 1 billion for the sale of a land plot for development, drafted contracts and defended the client with a guarantee that all payments would be received this year
In a changing economic and geopolitical environment, companies are faced with the need to review their development strategies and assets. Selling a business or major projects requires not only a deep understanding of the market, but also thorough legal preparation, especially when it comes to transactions with international players.
An example of successful completion of such a complex project was the transaction of Russian Holland LLC. CPO Group lawyers developed the structure of the transaction and supported all processes, which allowed to maximize the protection of the sellers' interests and successfully complete the project.
Terms and conditions
Russian Holland LLC, which owns land plots in the suburbs of St. Petersburg, was planning a large-scale transaction to sell its business. The company's participants were 5 people located in different countries, both tax residents and non-residents. Due to the unstable geopolitical situation it was decided to sell the business and active negotiations with potential buyers began.
Given the changes in tax law from 2025, which will remove tax benefits for non-residents and limit benefits for residents, it was important to complete the transaction before the end of 2024.
Preparing for the transaction
Special attention during the transaction was paid to protecting the interests of the sellers. Dmitry Sidorov and Larisa Naumenko, who accompanied the project, actively participated in negotiations, developed and adjusted legal documents:
The work of lawyers in the project on the sale of Russian Holland LLC was of key importance at all stages of the transaction, from the beginning of negotiations to its completion. The process involved many legal and financial aspects that required careful analysis and detailed elaboration, especially taking into account the international composition of the participants and tax risks.
The legal team ensured protection of sellers' interests in terms of installment payments until December 2024. Special attention was paid to tax aspects, as the above mentioned changes to the tax code will come into force in 2025.
To guarantee payments, a system of liens on property and interests in the company was developed to secure the sellers' interests in the event of delay or default by the buyer.
- Term Sheet,
- land lease agreements,
- preliminary sale and purchase agreements,
- main sale and purchase agreements,
- real estate pledge agreements,
- contracts of assignment and set-off of counter similar claims.
The work of lawyers in the project on the sale of Russian Holland LLC was of key importance at all stages of the transaction, from the beginning of negotiations to its completion. The process involved many legal and financial aspects that required careful analysis and detailed elaboration, especially taking into account the international composition of the participants and tax risks.
The legal team ensured protection of sellers' interests in terms of installment payments until December 2024. Special attention was paid to tax aspects, as the above mentioned changes to the tax code will come into force in 2025.
To guarantee payments, a system of liens on property and interests in the company was developed to secure the sellers' interests in the event of delay or default by the buyer.
Result
As a result of the professional work of Dmitry Sidorov and Larisa Naumenko, the transaction was successfully completed, with the sellers' interests protected at all stages. The competent structure of the transaction, efficient risk allocation and careful review of all documents ensured that payment was received on time and with minimal legal and financial risks.
We recommend businesses to contact experienced professionals to support such complex projects. Specialists of CPO Group will check the property and the seller/buyer, prepare all documents, and register them with the Federal Register Office.
We recommend businesses to contact experienced professionals to support such complex projects. Specialists of CPO Group will check the property and the seller/buyer, prepare all documents, and register them with the Federal Register Office.
