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Estonian glass facade manufacturer Windoor prevails in ICSID arbitration against Kazakhstan
The International Centre for Settlement of Investment Disputes (ICSID) Tribunal has ruled in favour of one of Estonia’s largest glass and aluminium facade manufacturers, Windoor, in its dispute against the Republic of Kazakhstan. Kazakhstan violated the obligation of fair and equitable treatment The Tribunal determined that Kazakhstan’s refusal to enforce the SCC Awards, the invalidation […]
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Exploring the possibilities of phosphorite use – two potential pathways
We advised the Geological Survey of Estonia on signing two contracts, the first step in exploring the possibilities of processing and mining phosphorite. Exploring the phosphorite value chain The first contract was signed in January with Prayon Technologies to test phosphorite processing using the hydrochloric acid method. Three and a half tonnes of phosphorite were […]
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Metsä Group to divest its wood supply business in Latvia
We advised Metsäliitto Cooperative, a Finnish forest industry sector player, on selling its subsidiary Metsa Forest Latvia SIA to ACA Timber SIA. About transaction The arrangement aims further to increase the flexibility of Metsä Group’s wood supply. The divestment of the Latvian wood supply operations will not have a material financial impact on Metsä Group’s […]
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Furniture manufacturer METAWOOD sells company shares
We assisted the Canadian company Rosizeil Importing Co. Inc. in the sale of furniture manufacturer Metalas ir mediena, which operates under the brand METAWOOD. 90% of the shares were acquired by the Luxembourg fund KJK III Participations S.a r.l., and the remaining 10% by the investment management company GS Invest. Rolanda Gineikienė, CEO of METAWOOD, […]
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Cedo acquires the plastics recycler and producer Plasta Group
We assisted Cedo, a leader in sustainable FMCG private label solutions, in acquiring Plasta Group, one of the largest polyethylene recyclers and suppliers of sustainable plastic products in Europe. Plasta Group operates modern manufacturing plants in Lithuania and Sweden, employing more than 500 skilled professionals. Recycling over 45,000 tonnes of post-consumer waste plastic and producing […]