Cobalt has advised Lithuanian company LF Property on the sale of the Gostauto 40 business center in Vilnius to UAB AJ Projektai. CEE Attorneys reportedly advised UAB AJ Projektai on the deal.
Cobalt has advised the shareholders of Danpower Baltic on the sale of 50% of their shares to French renewable energy group Idex — a subsidiary of Antin Infrastructure Partners. Idex bought another 40% of Danpower Baltic shares from UAB GECO Investicijos, which retains its 10% stake in the company. Triniti advised Idex on the deal.
Although the General Data Protection Regulation 216/679 (the GDPR) has been in force for more than a year, the concept of data protection by design (Art. 25) is still largely underestimated and insufficiently implemented into software products and their development processes in Lithuania. Developers of data-rich technologies still disregard or misinterpret this duty despite its business benefits. This is especially true for new technological products which strive for steady and continuous increase in user numbers but lose their grip with user privacy on the way.
Ellex Valiunas has advised US financial services firm Moody's on a lease agreement with the SBA Group for office space in the Green Hall 3, a class A building developed by Urban Inventors in Vilnius. The agreement is for approximately 1,600 square meters. Sorainen reportedly advised SBA on the deal.