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Vilnius municipality public transport tender conditions confirmed lawful by the Lithuanian Court of Appeal
The Lithuanian Court of Appeal ruled in favour of our client, the municipal company Susisiekimo paslaugos, ruling that the terms of the approximately EUR 1 billion tender announced by Vilnius City Municipality for 300 new electric buses and passenger transport services are lawful. The court of first instance, having examined the complaint submitted by one […]
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Largest investment in the Baltic startup ecosystem this year: Vinted secures a TPG-led EUR 340 million investment
We advised TPG, a US venture capital fund manager, on its investment in Vinted, Europe’s leading second-hand C2C marketplace focused on fashion. The TPG-led group of investors acquired EUR 340 million of shares, valuing Vinted at EUR 5 billion. This is the largest investment in the Baltic start-up ecosystem this year and the largest ever […]
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Saferoad’s acquisition of GATAS will accelerate the development of the Lithuanian transport infrastructure sector
We advised a road safety supplier Saferoad on signing an agreement to acquire UAB GATAS. With this deal, Saferoad and GATAS will form a joint service business, strengthening road safety in Scandinavia, Lithuania, Poland, and the wider EEA area based on the combined know-how of both sides. Saferoad, headquartered in Oslo, Norway, operates in 13 […]
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Gjensidige sells its business in the Baltics
We advised the Norwegian non-life insurance company Gjensidige Forsikring on signing a sale agreement for its business in the Baltics with Ergo International, the company that manages Ergo’s international business portfolio. Deal value – EUR 80 million. The transaction will be completed upon receiving approvals from the authorities, including the Lithuanian, Latvian and Estonian competition […]
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Successful defence of Lithuanian Railways in EUR 700,000 damages dispute with Civinity Solutions
We successfully represented Lithuanian Railways against supplier Civinity Solutions (Civinity) in a dispute regarding compensation of EUR 700,000 damages. Civinity laid the groundwork for this dispute in 2022, when it won a case and proved that a competitor’s tender offer was unjustly selected as the winner. Since the contract with the competitor had already been […]