Menu
RSS

Sorainen Advises Russian Railways on Formation of New Company

Sorainen Belarus has advised Russian Railways in connection with the creation of the United Transport & Logistics Company (UTLC), which is completed together with the national railway companies of Belarus and Kazakhstan for the transport of containerized cargo within the Common Economic Space, including transit between Europe and Asia.

According to a statement released by Sorainen, “formation of UTLC is one of the largest projects in the emerging Eurasian Union of Russia, Kazakhstan, and Belarus.  UTLC is to invest over USD 6 billion in rolling stock, containers, terminals, and IT infrastructure by 2020. This will allow the total cargo turnover of the joint venture to reach 4 million twenty-foot equivalent units by that year.”

The Sorainen team advised Russian Railways on Belarus law-related issues relating to the UTLC corporate structure and arrangements between shareholders, regulatory aspects affecting Belarusian Railways’ participation in the project, and other regulations relevant to the project. The team was led by Partner Maksim Salahub.

Image source: bellena / Shutterstock.com
Last modified onWednesday, 10 December 2014 13:48
back to top

Categories

News By Practice Area

Legal Analysis By Country

Legal Analysis By Practice Area

About Us

Contact Us