SPC Legal has advised the Panevezys free economic zone of Lithuania on an investment from cable harness manufacturer AQ Wiring Systems. iLaw reportedly advised AQ Wiring Systems on the deal.
Panevezys FEZ is a special economic zone located in Panevezys, Lithuania that covers 47 hectares and was established in 2013. It offers industrial, logistics, and other companies a fast and flexible set-up process, fully ready infrastructure, and 0% tax incentives. According to SPC Legal, “AQ Wiring Systems will construct an approximately 17,000-square-meter building and will create up to 1,500 jobs in Panevezys FEZ. The anticipated scale of investment and the number of new jobs are vital for Panevezys ... to retain its competitiveness with other Lithuanian regions.”
SPC Legal’s team included Partner Povilas Karlonas and Associate Sandra Narmontaite.
