Lextal has advised Solbritt on its reorganization and restructuring plan.
AS Solbritt is a dairy production company whose factory has operated for 85 years. In 2005, they partnered with the Nutritec dairy group to mainly produce Nutrilak powdered milk blends under the trademark Nuppi.
According to the firm, “Solbritt filed for reorganization last year, and the procedure started on October 12, 2023 [...] The Tartu County Court approved Solbritt’s restructuring plan, which the creditors unanimously adopted [...] Approval of the plan will allow the company to continue trading and pay off the debts incurred during the crisis period according to a schedule satisfactory to the company and its creditors.”
The Lextal team was led by Attorney at Law Ksenia Kravtsenko.