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.
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.
Tark Grunte Sutkiene has successfully assisted LV Asset Management AIFP in its application for status as a registered alternative fund manager to Latvia's Financial and Capital Market Commission and AB INVL Baltic Real Estate on its transformation into a licensed Lithuanian special closed-end type investment company.
Sorainen, Valiunas Ellex, Klavins Ellex, and Cobalt have advised on Baltic elements of the acquisition by AMC Entertainment Holdings, Inc. of Nordic Cinema Group Holding AB from European private equity firm Bridgepoint and Swedish media group Bonnier Holding. The transaction — all-cash and valued at SEK 8.250 million (approximately USD 929 million) — is conditional upon antitrust clearance by the European Commission, which is expected in the first half of 2017.
Sorainen is announcing that Lelde Lavina, the head of the Latvian Real Estate & Construction Team, has become the 29th Partner of the firm, and that Partner Tomas Kontautas, current head of the Sorainen Banking, Finance & Insurance practice group, has been appointed the office Managing Partner of Sorainen Lithuania.