Mediaboss Marketing

16 March 2012

The Jersey office of Walkers, the leading international law firm, has advised on the multi-jurisdictional aspects of the USD1bn merger between Sberbank and Troika Dialog, which will create a Russian 'superbank'.

Troika Dialog has securities trading, investment banking, private wealth and asset management operations in 21 cities across Russia plus offices in the UK, US, Ukraine, Kazakhstan and Cyprus. The closure of this deal has created the largest universal banking institution in Russia.

Speaking previously on the closure of the deal, Herman Gref, CEO and Chairman of the Management Board of Sberbank, explained that the merged institution has ambitious targets, including to become a major global player in the area of investment banking.

We are taking the scope of our business to the next level," Gref commented. "The merger will enable us to modernize the Russian financial industry and increase the quality of services we offer to our corporate and private clients. We plan to consolidate and expand our leading positions in investment banking in both Russia and the Commonwealth of Independent States (CIS) in the next two to three years and intend to become one of the top 15 global players in terms of debt securities, currency, and commodities operations in the next five years. We have ambitious goals: in 2014 we expect to double income from investment banking activity. At the moment we are already working on over 70 investment banking deals.

Walkers provided multi-jurisdictional legal services for this transaction, including acting as Cayman Islands and British Virgin Islands counsel. The Walkers team was led by Partner Jack Boldarin who commented:

Our involvement in this deal underscores our successful track record in advising on the market leading, cross-border corporate transactions in the Russia and CIS region.

This deal will play a major role in hastening the modernisation of Russias financial industry and provide a firm footing upon which Sberbank can move to reach its ambitious growth targets in its key business areas, including investment banking.

Russia and CIS expertise is a key part of our offering here in our European based hub in Jersey, an area from where we can deliver time zone sensitive, multi-jurisdictional advice on British Virgin Islands, Cayman Islands, Jersey and Irish law to our international clients.

Sberbank is the largest credit institution in Russia and the CIS, presently accounting for 26% of the aggregate banking assets and 30% of banking capital in the wider region. Sberbank has a total of 20,000 branches across Russia. Sberbank accounts for 47.9% of retail deposits, 31% of consumer loans and 31% of corporate loans in Russia.

Link:
Walkers Advises On Offshore Aspects Of Russian 'Superbank' Merger

16 March 2012

The Jersey office of Walkers, the leading international law firm, has advised on the multi-jurisdictional aspects of the USD1bn merger between Sberbank and Troika Dialog, which will create a Russian 'superbank'.

Troika Dialog has securities trading, investment banking, private wealth and asset management operations in 21 cities across Russia plus offices in the UK, US, Ukraine, Kazakhstan and Cyprus. The closure of this deal has created the largest universal banking institution in Russia.

Speaking previously on the closure of the deal, Herman Gref, CEO and Chairman of the Management Board of Sberbank, explained that the merged institution has ambitious targets, including to become a major global player in the area of investment banking.

We are taking the scope of our business to the next level," Gref commented. "The merger will enable us to modernize the Russian financial industry and increase the quality of services we offer to our corporate and private clients. We plan to consolidate and expand our leading positions in investment banking in both Russia and the Commonwealth of Independent States (CIS) in the next two to three years and intend to become one of the top 15 global players in terms of debt securities, currency, and commodities operations in the next five years. We have ambitious goals: in 2014 we expect to double income from investment banking activity. At the moment we are already working on over 70 investment banking deals.

Walkers provided multi-jurisdictional legal services for this transaction, including acting as Cayman Islands and British Virgin Islands counsel. The Walkers team was led by Partner Jack Boldarin who commented:

Our involvement in this deal underscores our successful track record in advising on the market leading, cross-border corporate transactions in the Russia and CIS region.

This deal will play a major role in hastening the modernisation of Russias financial industry and provide a firm footing upon which Sberbank can move to reach its ambitious growth targets in its key business areas, including investment banking.

Russia and CIS expertise is a key part of our offering here in our European based hub in Jersey, an area from where we can deliver time zone sensitive, multi-jurisdictional advice on British Virgin Islands, Cayman Islands, Jersey and Irish law to our international clients.

Sberbank is the largest credit institution in Russia and the CIS, presently accounting for 26% of the aggregate banking assets and 30% of banking capital in the wider region. Sberbank has a total of 20,000 branches across Russia. Sberbank accounts for 47.9% of retail deposits, 31% of consumer loans and 31% of corporate loans in Russia.

See more here:
Offshore Aspects Of Russian 'Superbank' Merger

SACRAMENTO, Calif.--(BUSINESS WIRE)--

The California Department of Real Estate (DRE) issued today a Consumer Alert about the growing number of scams being perpetrated against timeshare owners in connection with timeshare resales. DREs mission is to protect the public interests in real estate matters.

Given the economic strain many families are facing, timeshare ownership is a luxury some families can no longer afford, DRE Acting Commissioner Barbara Bigby said. And with so many owners wanting to divest themselves of their timeshares, it has created an opportunity for fraudsters.

The Consumer Alert issued by the DRE details the typical timeshare resale scams and provides tips on how to avoid them. Most scams involve a promise of a quick sale of the sellers timeshare interest in exchange for an upfront fee. However, after the fee is collected, little or nothing is done to sell the timeshare interest. But, as is the case with most scams, there are variations of timeshare resale fraud as well. The following are three of the most common fraudulent practices, according to DRE officials:

1. Unlicensed and illegitimate timeshare reseller fraudsters pose as legitimate and licensed real estate brokers, thereby providing a false sense of security, and then demand the payment of monies up front in connection with the purported resales. However, no services of any kind are actually provided.

2. Scammers falsely tell timeshare owners that the "agent" has found a "ready and willing" buyer for their timeshares. The scammer asks for listing or paperwork fee to effect the transaction, but once the fee is collected, the seller never hears from the company again.

3. Fraudsters pose as timeshare buyers and use such advertising slogans as Will Buy Your Timeshare for Cash, Timeshares Wanted, or something similar, to lure timeshare owners. The scammers then ask the owners for a small amount of money up front to process the paperwork for the transfer. Once those monies are paid, the owners never hear from the scammers again.

The following practical advice can help consumers from falling victim to a timeshare scam:

For a copy of the Consumer Alert and or more information about DRE, visit http://www.dre.ca.gov.

Read the original here:
California Department of Real Estate Warns Timeshare Resale Fraud on the Rise

15-03-2012 15:51 California powerhouses St. Ignatious and San Ramon met up to play. Both teams were close up until half when St. Ignatious brought it together in the second half. Some good goals and amazing saves by the goalies.

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St. Ignatious vs. San Ramon Lacrosse 2012 Lax.com Video Highlight - Video

16-03-2012 02:47 {WATCH IN HD 720p} For video enquries: truemediatv@hotmail.co.uk & @Truemediatv

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