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Cobalt Advises UAB Kedainiai Free Economic Zone Prepare Agreements for Kormotech

Cobalt Advises UAB Kedainiai Free Economic Zone Prepare Agreements for Kormotech

Lithuania
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Cobalt has helped Lithuania's UAB Kedainiai Free Economic Zone draft establishment and operation agreements for Kormotech.

UAB Kedainiai FEZ is a 130.55-hectare industrial development territory with the status of a free economic zone. The zone was established to develop and expand economic-commercial and financial activities.

According to Cobalt, “UAB Kormotech is a family-owned company and one of the leading Ukrainian producers of cat and dog food. The company has two wet and dry pet food plants in the Lviv (Ukraine) region and one plant in Kedainiai (Lithuania). Kormotech exports its products to 31 countries.”

“It has been decided to build a pet food plant in UAB Kedainiai FEZ in order to increase production capacity and provide logistical advantages to customers all over the world,” Cobalt reports. “The total amount of all investments is EUR 15 million, and the plant is going to create around 60 new jobs.”

Cobalt’s team was led by Managing Associate Ausrys Sliavas.

Cobalt at a Glance

COBALT is a closely integrated alliance of top-tier law offices across the Baltics, uniting more than 250 attorneys and support staff. During 25 years of experience, we have become a strategic partner to our clients in handling both daily matters and complex large–scale transactions and disputes.

The firm’s broad spectrum of expertise and established position as the market leader gives a comprehensive basis for providing full-service business law advice.

Top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups are among our clients. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 7 times receiving Chambers Europe, IFLR, The Lawyer and Mergermarket awards, and we are regularly listed amongst the top-performing M&A legal advisors in the Bloomberg, Refinitiv and Mergermarket deal tables. Recognized as the No.1 Lithuanian law firm in the Prospera Law Firm Review 2021 and No. 1 law firm in Latvia in 2022, 2020, 2019, and 2018 client satisfaction surveys. We were recognized as a Baltic-wide Law Firm of the Year at the 2022 Chambers Europe Awards ceremony and named the Baltic States Tax Firm of the Year and Pro Bono Firm of the Year at the annual ITR EMEA Tax Awards 2021 ceremony. 

More information on COBALT can be found at www.cobalt.legal.