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Fort has advised an ATRIUM group company in its EUR 12.5 million sale of the Shopping Centre Azur by means of a transfer of shares in SIA MD Galerija Azur to UAB KS Holding, a company registered in Lithuania, which is indirectly owned by Finnish trade group Kesko Oyj. Ellex advised the buyers.

Primus has announced that, after opening its Polish desk in Vilnius in August 2015, it has now launched a German Desk in the firm’s office in Riga.

Primus has advised Lithuanian company UAB Hekon, a subsidiary of Orbis S.A. — part of AccorHotels — in concluding a preliminary sale and purchase agreement with the UAB Merko Bustas construction company to build a 164-room hotel with restaurant, bar, and conference halls. The value of the transaction is EUR 8.5 million.  

Sorainen Lithuania has advised DNB Bank ASA, the largest financial services group in Norway, on the grant of a loan to Norwegian real estate development group Schage for the development of the Quadrum business center in Vilnius. According to Sorainen, "the total disclosed value of Schage’s investment in the project is EUR 100 million."

Lithuania is currently finalizing its internal debate on the transposition of Directive 2014/26/EU on the collective management of copyright and related rights and multi-territorial licensing of rights in musical works for online use in the internal market (the “Directive”), which will change the Law on Copyright and Related Rights of the Republic of Lithuania (the “Copyright Law”) and will have an enormous impact on all stakeholders: collecting societies, right holders, and users.

Glimstedt has advised UAB Marina Nida on its entrance into a deal with Carlson Rezidor, a top international hotel operator, to open a five-star Radisson Blu Hotel & Spa Nida Marina on the Curonian Spit. The hotel will overlook the Curonian Lagoon and is expected to open its doors by the end of 2019.