Cobalt has advised Furniture1, UAB, a company operating in Lithuania under the trade mark Baldai1.lt, on the sale of 30% of its shares to Bygghemma Group. The buyers were advised by Deloitte Legal.
“The Estonian market faces a combination of challenges on how to boost the economy and attract business,” says Merit Lind, Partner at Deloitte Legal in Estonia. “However, some of the initiatives clash somewhat with anti-money laundering prevention policies,” she says, referring to the e-Residency program famously introduced in the country at the end of 2014.
Reff & Associates, the Romanian member of Deloitte Legal, has obtained a final court decision confirming that the delivery of molds falls under the same VAT tax regime as the supply of the goods produced with the molds, even if they are purchased by the supplier and held by them after their use in the production process.
On October 30, 2017, CEE Legal Matters reported that South African investment fund Coast2Coast had acquired Polish soup and pate manufacturer Profi — one of several recent CEE investments. Coast2Coast's Regional Counsel CEE Anna Wawrzynczak agreed to answer our questions about the recent acquisitions.
Deloitte Legal has advised Nettle S.A., a member of the Ortie group, on the investment by Accession Mezzanine Capital of PLN 100 million into the company. Gessel advised Accession Mezzanine Capital on the funding which, according to Deloitte Legal, "has been structured as a capital increase in the company and a long-term mezzanine loan.”