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Averus Advises Kaunas Free Economic Zone Management Company on Agreement with Hollister

Averus Advises Kaunas Free Economic Zone Management Company on Agreement with Hollister

Lithuania
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Averus has advised the Kaunas Free Economic Zone Management Company in Lithuania on its agreement with Hollister for the American lifestyle brand (owned by Abercrombie & Fitch Co.) to set up a new plant in the zone. 

Averus reports that its lawyers "worked on the transaction from the very beginning, represented the client’s interest in very intensive negotiations, drafted transaction documents, and advised on the structure of the deal." According to Averus, "Hollister plans to invest approximately EUR 50 million and create 300 new jobs."

The firm's team was led by Partner Povilas Karlonas, assisted by Associate Sandra Narmontaite.

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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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