Primus has represented Klaipedos Baldu Prekyba JSC — a furniture retail trade chain with eight stores in Lithuania operating under the Berry trademark — on its conclusion of a long term lease agreement with the Elkor group for a multi-story building and adjacent territory for a store in the central part of Riga.
Glimstedt has advised DistIT AB on its EUR 1.2 million acquisition of an 80% stake in Sominis Technology UAB, a Vilnius-based distributor of PC, laptop, smartphone, and tablet accessories. Closing of the deal is contingent on various conditions, including approval from Lithuania's competition authority. Deloitte advised the sellers on the deal.
Sorainen Latvia, acting pro bono, is assisting the Latvian Trade Union of Education and Science Employees (LIZDA) in its claim that liquidation proceedings of the Riga Teacher Training and Educational Management Academy (RPIVA) are not legal. With Sorainen's assistance, LIZDA has asked policy makers in education and the parties involved to stop the liquidation of the academy, which was, the firm reports, "started in haste."
Cobalt has advised Santa Monica Networks Group on the sale of its Estonian and Finnish subsidiaries to the Elisa Corporation telecommunications company and its Latvian and Lithuanian subsidiaries to Livonia Partners. Bird & Bird advised the Elisa Corporation and Ellex Raidla advised Livonia Partners on the transaction, which is expected to be completed by May 1, 2017.
Tria Robit, working on behalf of Italian undertaking Ferrero S.P.A., has successfully opposed the international registrations by Ukrainian undertaking Dochirnie pidpryiemstvo "Kondyterska korporatsiia Roshen" with the word "Roshen" in them – subsequently designated to Latvia – on the basis that they created a likelihood of confusion with Ferrero's earlier international "Ferrero Rocher" figurative trademark registration and improperly imitated a well-known trademark.
Working alongside global counsel Mannheimer Swartling, Sorainen has advised Providence Equity Partners on the acquisition of the Baltic businesses of Swedish media holdings Modern Times Group. Allen & Overy advised Providence on financing for the acquisition. Cobalt — working alongside Sweden's Hamilton law firm — advised the Modern Times Group on the deal.
Tark Grunte Sutkiene has advised Estonian company 1Home Group AS on its acquisition and takeover of management of a student hotel in Riga and its obtaining of EUR 8.4 million financing from AS DNB Banka for the expansion of its business of providing rental housing for students in the Baltics and Poland.
Tark Grunte Sutkiene has assisted a minority (20%) shareholder of SIA Vudlande with a buy-out of the remaining 80% of the company from Latvian Timber Ltd. (UK), giving the former minority shareholder 100% ownership as a result of the transaction. Spigulis & Kukainis advised Latvian Timber on the deal.
Sorainen, acting on behalf of SIA Bauskas Dzive, the publisher of the Latvian newspaper of the same name, has persuaded the Latvian Supreme Court to partially satisfy a complaint against a decision of the Administrative District Court, which had refused to initiate a case on the basis of Bauskas Dzive’s application against the conduct of the Council of Iecava Region, itself the publisher of the Iecavas Zinas newspaper.
24-25 April 2017, London, United Kingdom
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Ellex has advised European vending and coffee services company Selecta Group on the sale of its Baltic subsidiaries to BaltCap Private Equity Fund II, managed by BaltCap. Cobalt advised BaltCap on the deal, which remains subject to the approval of the competition authorities. The transaction price was not disclosed.