Kinstellar, Soltysinski Kawecki & Szlezak, and Cobalt have advised Stada Arzneimittel on the acquisition of Walmark from Mid Europa Partners. White & Case and Weil, Gotshal & Manges reportedly advised the sellers 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.