Implementation of security interest transaction over the trademark portfolio within the scope of a line of credits issued to the brand owner

Client Unipharm, Inc. (USA)

Description

Unipharm, Inc. (USA), a company specializing in production and sale of vitamins and other medical supplies is a holder of numerous pharmaceutical brands. The company to secure its obligations under the loan agreement with Credit Suisse AG decided to provide a guarantee of about 100 of its brands (trademarks) valid in the territory of Russia. For this project the company applied to us as to the professionals in this field in order to comply with the Russian legislation in the area of the pledge and to ensure validity of the collateral of the exclusive rights to the trademarks.

Solution

Within the scope of this project aimed at providing credit commitments in the form of a pledge, we advised the company on all aspects related to the collateral of the exclusive rights to the trademarks. During our consultations, we also provided services for the preparation and verification of the relevant transaction documents, in particular, the agreement on the pledge of the trademarks, as well as the services for the registration of the said contract. In addition, we conducted legal review of all the company's brands, which are pledged as part of securing credit commitments.

Result

As a result of the provision of our services, the company successfully assured its credit obligations, including through its intangible assets, and received a credit for the further development of its business. The project lasted about six months and is unique to us in its scope in the field of the intellectual property rights pledge. It should be noted that at the moment this pledge transaction is a record in the number of the trademarks included in the collateral.