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Motieka & Audzevicius Advises Petstart on Exit from Joint Venture with Romanian PET Waste Company

Motieka & Audzevicius Advises Petstart on Exit from Joint Venture with Romanian PET Waste Company

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Motieka & Audzevicius has advised Petstart UAB on its exit from a joint venture with a Romanian PET packaging waste company. The buyer was advised by Karanovic & Partners.

The joint venture enabled the parties to create a stream of trade of PET packaging waste collected in Lithuania in 2017. The transaction is subject to competition clearance in Serbia and North Macedonia. 

The Motieka & Audzevicius team consisted of Partner Giedrius Kolesnikovas, Associate Rokas Jankus, and Junior Associate Laurynas Ramonas. 

Karanovic & Partners at a Glance

Karanovic & Partners is a regional legal practice in Southeast Europe with a tradition spanning over 25 years and cooperating offices in Serbia, Slovenia, Croatia, Bosnia and Herzegovina, Montenegro, North Macedonia, and Albania. With more than 150 attorneys at law working together across the region, we take pride in our work, dedication, and understanding of our clients' industries and needs.

We work with some of the most respected and reputable businesses in the world, banks, as well as governments, state-owned entities, start-ups, and NGOs. We see our clients as long-term partners. We focus on straightforward solutions and tailor-made advice. Lawyers cooperating with us are fully immersed in our clients’ culture and industry to ensure that the work is delivered intelligently and reliably.

In our company culture, excellence is a must. We are reliable, adaptive, and fast. We operate under the “one team” principle, combining our regional reach and local know-how to deliver coordinated legal advice necessary for achieving our clients’ goals.

We are ambitious to propose innovative legal solutions and we are at the forefront of legal developments in Southeast Europe, pioneering new areas of the law and paving the way for new practices and regulations.

Firm's website.