Pandora Papers: US lawyers helped Chinese buy Motor Sich shares offshore

Investigative journalists investigating an array of Pandora Papers offshore documents have discovered that the deal to sell Motor Sich shares to a Chinese investor was worked out by the world-renowned US law firm DLA Piper

Pandora Papers: US lawyers helped Chinese buy Motor Sich shares offshore

Their lawyers developed a plan to buy the strategic enterprise, which made it possible to circumvent Ukrainian anti-monopoly laws.

“This company’s document, which proposed an algorithm for acquiring shares, has not been signed, but the developments around Motor Sicha coincide with the plan that DLA Piper’s lawyers probably wrote”, –  the report says.

The agreement was secret but received international publicity after two years, as it could have caused Ukraine to lose its unique military technology. In return, China could get them.

A large-scale Pandora Papers offshore leak mentioned Motor Sich as well: A plan for a Chinese investor to take control of this strategic Ukrainian asset. OCCRP has uncovered that a large US law firm, DLA Piper, was behind the plan.

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