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Asters advises Vitol on sale of 50% of shares in Geo-Alliance Oil-Gas Public Limited

Asters acted as a Ukrainian law counsel to Arawak Energy Ukraine B.V., a member of group of companies Vitol, in the sale of 50% of shares in Geo-Alliance Oil-Gas Public Limited to gas producer Geo Alliance Group Limited. Slaughter and May supported the transaction as the client's international counsel.

Asters provided comprehensive legal support on the issues of Ukrainian corporate, competition, tax, banking and finance law, including drafting the share purchase agreement and other transaction documents as well as advising on potential withholding tax implications.

Asters' team working on the project consisted of Senior Partner Armen Khachaturyan, Partners Yaroslav Petrov and Alexey Pustovit, and Constantin Solyar, Counsels Olena Radko and Maksym Tereshchuk, Senior Associate Yurii Dmytrenko.

Vitol is the world's largest independent energy trader with annual capacity to ship more than 350 mln tonnes of crude oil and products. In 2020 the company's revenues amounted to USD 140 bln.

Asters is the largest law firm in Ukraine with offices in Kyiv, Washington D.C., London and Brussels. Chambers Europe 2020 recognizes 21 lawyers of Asters – the largest number of the renowned practitioners in a single Ukrainian law firm.

Slaughter and May is an international law firm, a member of elite London-headquartered law firms "Magic Circle" with offices in Brussels, Beijing and Hong Kong.

Asters and Slaughter and May are members of Energy Law Group, a network of over 600 experts in energy, mining and natural resources law in Europe, the Middle East and Africa.

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