Motieka & Audzevicius has advised Wisdom Events, an event and business meetings organizer, on a cross-border swap of shares that involved partners splitting into different jurisdictions.
Half of the share portfolio in Wisdom Events' Russian business has been swapped for a 50% share portfolio in the Lithuanian business. As a result of the transaction, Wisdom Events has become the sole owner of the Lithuanian company, and left the Russian company.
The Motieka & Audzevicius team responsible for the negotiations process, coordination of processes abroad, preparation of documentation, and title registration matters was led by Partner Giedrius Kolesnikovas and Senior Associate Michail Parchimovic.
