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NIP advised Rivulis on Russian law aspects of JV with Polyplastic Group

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NIP advised Rivulis on Russian law aspects of JV with Polyplastic Group

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Nadmitov, Ivanov and Partners Law Firm represented the interests of Rivulis Irrigation Ltd, an Israeli company, in relation to the establishment of a joint venture company with the Polyplastic Group on the matters of Russian law.

Our services included Russian law review of the terms of a corporate agreement concluded between shareholders of the Russian company governed under English law, the company’s charter and other contracts necessary for the joint venture company to function effectively.

Rivulis is one of the world leaders in the development of the solutions for the drip irrigation, and Polyplastic Group is the largest producer of polymer composite materials and piping systems for the networks of housing and public utilities infrastructure, industrial enterprises and agriculture in the post-Soviet area. Polyplastic-Rivulis Irrigation Pipeline Systems JVC will start the production of the drip tape and pipe this spring in the city of Volzhsky near Volgograd, in the largest agricultural region of Russia. The joint venture company will promote and sell products of the Rivulis and Eurodrip brands, components, including pipes and fittings, of the Polyplastic Group, as well as offer services for the installation and maintenance of drip irrigation systems. It is expected that the joint venture company will introduce the latest solutions in the field of drip irrigation into Russia, which will increase the yield and efficiency of agriculture.

Nadmitov, Ivanov and Partners Law Firm actively consults clients on mergers & acquisitions, shareholders agreements, joint ventures and other corporate transactions, preparation of contracts for the sale and purchase of shares, equity interests or assets, options and option agreements, convertible loans and all other necessary contractual documentation.

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