Practice Areas - Corporate and M&A Law Firms and Lawyers
| Deal Date: | 17-03-2020 | Practice Area: | Corporate and M&A |
| Deal Title: | PIC Petrochemical Joint Venture with SKC | Industry: | Oil & Gas Producers |
| Description: |
The planned formation of a major petrochemical joint venture between Petrochemical Industries Company K.S.C. and SKC Co., Ltd. completed on 29 February. PIC acquired a 49% interest in the chemical business of SKC in South Korea after SKC completed a statutory carve-out of the business from SKC pursuant to Korean law, and required regulatory approvals had been obtained.
Ashurst advised PIC on all key legal aspects of the transaction, including due diligence, transaction documentation, anti-trust and intellectual property.
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| Financial Center: | Abu Dhabi | Value: | 0.00-0.00 |
| Advised Party: | Joint Venture Party | Law Firm | Ashurst |
| JV Party Jurisdiction | UAE | JV Party Jurisdiction | Republic of Korea |
| Classification: |
Joint Ventures Continuing Business Partnership |
Lawyer | Simon Fraser |
