On 16 July 2020, the Court of Justice of the European Union (CJEU) issued a judgment in the so-called “Schrems II” case (case C-311/18, see full text and press release), which will have a significant impact on transferring personal data outside the EU and the EEA. The decision is likely to cause some uncertainty and […]
We assisted Bitė Group, controlled by international asset management company Providence Equity Partners, as Lithuanian, Latvian and Estonian law counsel in a refinancing transaction. Total disclosed value of the transaction is EUR 700 million. Largest bond issue by a private Baltic company to date The transaction covers two parts: A bond issue by PLT VII […]
In a recent Legal 500 Podcast our managing partner Laimonas Skibarka talked to Barnaby Merrill about the response to COVID-19 by the legal market in the Baltics and Belarus. Comments Laimonas: “The information we were receiving from publishers about international law firms cutting salaries and staff was worrying. However, our region was quite confident and […]
From 1 January 2021 amendments to the laws on Investment, the Legal Status of Foreigners, Zoning & Planning, Land, and Employment will enter into force in Lithuania. These amendments are incentives to local and foreign investments in large projects developed in the fields of processing manufacturing, data processing or hosting services. A large project is […]
We advised an international oil trading company and its cooperation partner – a company operating the port terminal in Liepaja ‒ in multi-party negotiations for claims arising out of contamination of oil products. About the dispute The products were partially contaminated while they were being loaded on board ship. The dispute arose with regard to the […]
