Telia’s Sale of Ucell

Cravath partner David M. Stuart, assisted by associate Brooke E. Tay, advised Telia Company on U.S. compliance issues related to its sale of Uzbekistan subsidiary Ucell (FE Coscom LLC), which was announced on December 5, 2018. Cravath advised Telia on its obligations with respect to the transaction under its Deferred Prosecution Agreement with the U.S. Department of Justice (“DOJ”) , which arose out of its 2017 resolution of the DOJ’s corruption investigation. Previously, Dave and partner Rachel G. Skaistis served as lead U.S. counsel to Telia Company and its subsidiaries in the three and a half year multinational investigation, which resulted in a global resolution with the DOJ, the U.S. Securities and Exchange Commission and the Dutch Public Prosecution Service.