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| Rankings at a glance | |
|---|---|
| Award level | Highly Commended |
| Innovation | Comstar and MTS merger and parallel voluntary tender offer |
| Originality | 7 |
| Rationale | 6 |
| Impact | 7 |
| Total | 20 |
| Description | The merger of New York-listed client MTS with London-listed Comstar required combining Russian law mechanisms for the first time, and synchronising Russian, UK and US aspects of the deal. Strict corporate governance structures created a positive precedent in the market. |
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