Lidings, a law firm dedicated to providing legal support to foreign business in Russia, advised JTI, a major Japanese tobacco products manufacturer, in its privatization project of a large land plot under the “Liggett-Ducat” tobacco factory in Moscow.
The acquired land plot occupies approximately 3 hectares and is located near Moscow’s Kashira highway. JTI managed to exercise its right for privatization at 20% of the land plot’s cadastral value – a preferential buy-out rate that will cease to apply as of the new year.