Motieka & Audzevicius has advised Petstart UAB on its exit from a joint venture with a Romanian PET packaging waste company. The buyer was advised by Karanovic & Partners.
The joint venture enabled the parties to create a stream of trade of PET packaging waste collected in Lithuania in 2017. The transaction is subject to competition clearance in Serbia and North Macedonia.
The Motieka & Audzevicius team consisted of Partner Giedrius Kolesnikovas, Associate Rokas Jankus, and Junior Associate Laurynas Ramonas.