Sorainen has advised Betsson on its acquisition by its wholly-owned subsidiaries of gaming operator Losimu Strategine Grupe (LSG), which trades as TonyBet in Lithuania. LSG was advised by Tark Grunte Sutkiene on the deal, which is expected to close within a month. The initial acquisition consideration is EUR 4.0 million.
On July 21, 2016 CEELM reported that Fort had represented credit bureau UAB Creditinfo in a case before the Supreme Administrative Court involving the legality of using data published on Facebook to assess the creditworthiness of those who publish it. Creditinfo — which doesn’t have an in-house legal team — was advised by lawyer Anatolijus Kisielis, who we reached out to for comment.
Glimstedt has reported that, on July 19, 2016, a judicial panel of the Lithuanian Supreme Administrative Court granted a claim filed by Lithuanian Jews (“Litvaks”) now living in South Africa that the Lithuanian Interior Minister’s decision to refuse their application for restoration of Lithuanian citizenship be revoked and that their application for dual citizenship reinstatement be reconsidered by the Ministry of the Interior.
Tark Grunte Sutkiene has advised AB INVL Technology on its transformation into a special closed-ended investment company. The Bank of Lithuania issued the necessary license and approval in July 2016 and approved the company’s share prospectus for listing of the shares on the NASDAQ OMX Vilnius stock exchange.