18 Nov 2019 Kemperink Maarschalkerweerd Wouters advises Special Committee of Yandex N.V. in corporate restructuring
The firm has advised throughout 2019 the Special Committee of the Board of Directors of Nasdaq-listed Yandex N.V. (“Yandex”), one of Europe’s largest internet companies and a leading tech business in Russia, on a complex and novel restructuring of its corporate governance. Debevoise & Plimpton LLP acted as co-counsel.
The restructuring, which has been approved by the Board of Directors, seeks to balance the interests of the company’s stakeholders, including its public shareholders, with developments in Russia’s regulatory environment, including proposed limitations on foreign ownership of businesses. The proposed amendments to the company’s corporate governance are subject to shareholder approval.