In 2019, LabQuestTechnology JSC reached an agreement with a major investment company to implement a joint project of developing an extensive chain of medical offices providing laboratory services under the LabQuest brand. This was particularly important for the market, namely due to the spread of COVID-19.
While providing legal counsel on the corporate conflict, EPAM attorneys developed and implemented a defense strategy for over 20 different legal proceedings and thus protected the client from the other shareholder’s invalid counterclaims.
As a result, the parties decided to resolve all disputes through negotiations. Attorneys of the Firm contributed to the reaching of an agreement to split the joint business and to settle the outstanding claims, whereunder the LabQuest brand and the related business entities would pass into LabQuestTechnology JSC’s control.
The Litigation team handling the matter included Partner Vera Rikhterman, Associates Alexey Artemenko and Alexandra Mednikova, Junior Associates Larisa Garmashova and Daniil Mogilevsky. The M&A and Corporate team advising on the splitting of the LabQuest joint business included Counsel Alexander Mandzhiev, Senior Associate Anna Rodygina and Associate Alexandra Idrisova.