Tark Grunte Sutkiene has advised AB INVL Technology on its transformation into a special closed-ended investment company. The Bank of Lithuania issued the necessary license and approval in July 2016 and approved the company’s share prospectus for listing of the shares on the NASDAQ OMX Vilnius stock exchange.
Valiunas Ellex has advised Danske Bank on the signing of a lease for a "better and bigger IT center” in Vilnius – a new contract for rental of a 12,000 square meter office building signed with real estate company M.M.M. projects. The firm describes the contract as the largest lease transaction in Lithuania this year.
Women’s Day is behind us, but the subjects of gender equality and equal opportunity are of year-round concern. This, the first part of a special two-part CEE Legal Matters article on women in private practice in CEE, provides the numbers and percentages from leading law firms across CEE, as well as a more thorough snapshot of one representative market. Part II of the report, in the June issue, will pull back the curtain even more, providing feedback and perspectives from lawyers across the region.
The Lithuanian office of CEE Attorneys has advised the Audejas Group, Lithuania's upholstery and decorative fabrics producer and furniture retailer, on what the firm calls "several interrelated complex real estate transactions with a total value of more than EUR 11 million." According to the a statement released by CEE Attorneys, the deal "paved the way for the modernization of the Group’s production facility and a furniture center."
Glimstedt has advised the Vienna Insurance Group on its acquisition of a majority of shares of the BTA Baltic Insurance Company, which is headquartered in Latvia and has branch offices in Lithuania and Estonia. Vilgerts advised BTA on the deal. The purchase agreement is subject to regulatory approval. Neither the percentage of shares acquired by VIG, nor the value of the acquisition, was disclosed.
Sorainen and Weil Gotshal have advised Providence Equity Partners on its acquisition of the Bite telecom group from Mid Europa Partners for an undisclosed value. Cobalt and Freshfields Bruckhaus Deringer advised Mid Europa Partners in the transaction, which is expected to close in the first quarter of 2016.