26 June 2019 Yaroslav Karnakov
Nortia GKS advised Weichai Power Co., Ltd. on setting up a joint venture in Russia
Nortia GKS advised Weichai Power Co., Ltd., one of China’s leading automobile and equipment manufacturing companies, on setting up KAMAZ WEICHAI, the first-ever Sino-Russian joint venture in the engines manufacturing industry. The definitive agreements between co-venturers - Weichai Power Co., Ltd. and KAMAZ - were signed on June 07, 2019 during the St. Petersburg International Economic Forum.
The joint venture company called KAMAZ WEICHAI was incorporated and included in the Russian Company Register (EGRUL) on June 14, 2019. Nortia GKS team which acted as Russian counsel to Weichai Power Co., Ltd. was led by Mr. Yaroslav Karnakov, corporate and finance partner, the Head of Chinese Desk.