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Glimstedt Advises UAB Marina Nida on Deal with Carlson Rezidor

Glimstedt Advises UAB Marina Nida on Deal with Carlson Rezidor

Lithuania
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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.

Gintautas Bertasius, Board Member of UAB Marina Nida, said, "professional and effective service rendered by Glimstedt in negotiations with the one of the world's largest hotel companies has substantially contributed to the successful completion of the initial stage of this project." The firm continues to provide legal support to UAB Marina Nida on matters relating to the development of the hotel complex project. 

The Glimstedt team was led by Partner Kestutis Jaskutelis and Senior Associate Eivydas Sadauskas.

According to Sadauskas, "taking into account the exceptional Carlson Rezidor Hotel competence on hotels operation activities, negotiations were represented by their internal lawyers."

Carlson Rezidor also recently concluded a similar hotel management contract with Lords LB Special Fund I, represented by Sorainen, relating to the opening and management of a Radisson RED hotel in Vilnius (as reported by CEE Legal Matters on October 12, 2016)

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COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. 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 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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