AVELLUM acted as the Ukrainian legal
counsel to Uber on obtaining a merger control clearance from the Antimonopoly
Committee of Ukraine for the creation of a joint venture with Yandex. The new
company is valued at USD3.8 billion.

The transaction involved the formation of
a joint venture that combines the following activities: (1) facilitating,
through a technology application, taxi aggregator services conducted by both
groups, and (2) facilitating, through a technology application, food delivery,
logistics, and ancillary services, as well as other related activities
conducted by Uber.

Joint venture will be active in Armenia,
Azerbaijan, Belarus, Georgia, Kazakhstan, and Russian Federation.

Herbert Smith Freehills LLP acted as the
global legal counsel to Uber.

Uber develops, markets, and operates the
Uber car transportation and food delivery mobile apps.

Yandex specialises in Internet-related
services and products, as well as in on-demand transportation services.

AVELLUM team was led by managing partner
Mykola Stetsenko and senior associate Yaroslav Medvediev, with support from
associates, Andrii Gumenchuk and Anton Arkhypov.