Baker McKenzie advised Dobra Lithium Holdings JV, LLC (headquartered in Delaware, United States) (“Dobra”) — a joint venture company co owned by RSL Group and TechMet Ltd. — on the structuring of its participation in, and preparation of the application for the tender for conclusion of the Dobra Block production sharing agreement (PSA).
The pilot project for mineral resource development — the Dobra lithium deposit located in the Kirovohrad region, Ukraine — became the first case in Ukraine where a winner of a tender for the development of a metallic deposit was selected under the PSA mechanism.
The Dobra Block PSA is expected to be the groundbreaking project under the framework of the US-Ukraine Reconstruction Investment Fund Agreement and stimulate large-scale investment into Ukraine’s growing critical minerals sector. The Dobra PSA project represents the first step in Ukraine’s ambitious national strategy, which aims to integrate the country into the supply chains of strategic international partners.
The Baker McKenzie Kyiv team was led by EMI and M&A Partner Andrii Moskalyk, with key contributions from associates Andrii Levchenko (mining matters) and Oleksandr Savvi (corporate matters). The team was assisted by junior associates Karina Levadnia and Kateryna Strilets. Counsel Ario Dehghani and associate Volodymyr Stetsenko advised on regulatory matters.
Andrii Moskalyk commented on the project:
“We are honored to have assisted Dobra Lithium Holdings JV, LLC at the tender phase of this cutting-edge project, which is expected to establish our client’s critical minerals market presence in Ukraine and to become precedent setting for Ukraine’s expanding PSA framework. With our extensive PSA legal expertise, we are ready to continue providing legal support at the subsequent phases of this complex transaction.”
About Dobra Lithium Holdings JV, LLC
Dobra Lithium Holdings JV, LLC is a company jointly formed by RSL Group (a group of companies wholly owned by Ronald Lauder, focusing, among other things, on investment management in various industries across the globe) and TechMet Ltd. (a leading critical minerals investment company, which owns controlling or dominant minority positions in 10 critical minerals assets across four continents, and which is backed in part by the US government through the Development Finance Corporation).
The pilot project for mineral resource development — the Dobra lithium deposit located in the Kirovohrad region, Ukraine — became the first case in Ukraine where a winner of a tender for the development of a metallic deposit was selected under the PSA mechanism.
The Dobra Block PSA is expected to be the groundbreaking project under the framework of the US-Ukraine Reconstruction Investment Fund Agreement and stimulate large-scale investment into Ukraine’s growing critical minerals sector. The Dobra PSA project represents the first step in Ukraine’s ambitious national strategy, which aims to integrate the country into the supply chains of strategic international partners.
The Baker McKenzie Kyiv team was led by EMI and M&A Partner Andrii Moskalyk, with key contributions from associates Andrii Levchenko (mining matters) and Oleksandr Savvi (corporate matters). The team was assisted by junior associates Karina Levadnia and Kateryna Strilets. Counsel Ario Dehghani and associate Volodymyr Stetsenko advised on regulatory matters.
Andrii Moskalyk commented on the project:
“We are honored to have assisted Dobra Lithium Holdings JV, LLC at the tender phase of this cutting-edge project, which is expected to establish our client’s critical minerals market presence in Ukraine and to become precedent setting for Ukraine’s expanding PSA framework. With our extensive PSA legal expertise, we are ready to continue providing legal support at the subsequent phases of this complex transaction.”
About Dobra Lithium Holdings JV, LLC
Dobra Lithium Holdings JV, LLC is a company jointly formed by RSL Group (a group of companies wholly owned by Ronald Lauder, focusing, among other things, on investment management in various industries across the globe) and TechMet Ltd. (a leading critical minerals investment company, which owns controlling or dominant minority positions in 10 critical minerals assets across four continents, and which is backed in part by the US government through the Development Finance Corporation).
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