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Bitė Group and indirect majority shareholder Providence Equity Partners complete EUR 700 million refinancing
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 […]
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Vilnius International Film Festival Kino pavasaris successfully fights digital piracy
We assisted the Kino pavasaris Vilnius International Film Festival in removing counterfeit copies of the Oscar-winning movie “Parasite” from illegal torrent sites available in Lithuania. The movie was included in the programme of the digital festival held from 19 March–2 April 2020. Some infringers promptly removed the content voluntarily upon demand, while others required us […]
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Švaros broliai sells four tunnel car wash franchises
We advised cleaning service company Švaros broliai on developing a franchising model. So far this year the company has already concluded four transactions successfully transferring tunnel car wash businesses to new operators under a franchise agreement. Among the first Lithuanian companies to develop franchising model According to Ignas Pranskevičius, Executive Director of Švaros Broliai, the […]
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NASCAR defends its trademark rights in Lithuania, Latvia and Estonia
We successfully defended the interests of racing organiser National Association for Stock Car Auto Racing (NASCAR) in disputes over registration of the NASCAR trademark in Lithuania, Latvia and Estonia. With the help of our team, the company managed to protect its NASCAR trademark and to invalidate designations of the international registration of an identical trademark […]
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Bitė and Telecentras sign agreement to sell Mezon
We advised telecommunications company Bitė on signing an agreement with the Lithuanian Radio and Television Centre (Telecentras) on the acquisition of Telecentras‘ internet, data transmission and IPTV business under the Mezon brand. The transaction, valued over EUR 20 million, has to be approved by the Competition Council and regulatory authorities. Mezon internet used by 97,000 […]