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Progress in development of offshore wind farms in Estonia
We advised Edel Offshore Wind regarding opportunities to develop offshore wind farms in Estonia, including participating in the auctions for superficies licences in the Liivi 1 and Liivi 2 sea areas. These were Estonia’s first auctions to initiate superficies licence processes. This licence is required to place electricity production installations on the seabed and to […]
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Lidl Lietuva sells and leases back two new stores
We advised Lidl Lietuva on the sale and long-term leaseback for two newly built stores in Lithuania. 1,979 sq. m store in Jurbarkas and a 2,312 sq. m store in Panevėžys were acquired by Tewox. The acquisition was financed with a EUR 6.7 million loan from Luminor Bank. Tewox acquired the store buildings along with […]
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Lenders back landmark renewable energy project in Latvia
We acted as Latvian legal counsel to the lenders – NORD/LB Norddeutsche Landesbank, Nordic Investment Bank, and Luminor Bank – in the EUR 75 million financing of a 148-MWp photovoltaic (PV) plant in Latvia, developed by Stelo Orienta SIA. This project, supported by the European Union under the InvestEU Fund, is sponsored by European Energy […]
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Harju District Court: Prisma cannot be forced to reopen supermarket
We successfully represented Prisma Peremarket in a precedent-setting business dispute that lasted over a year. Harju County Court dismissed all of the claims by the owner of the premises, L95 OÜ. It confirmed Prisma’s position that the chain is not obligated to reopen a supermarket formerly located in the Linnamäe shopping center. Aim of preventing […]
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Shift4 Payments leases all premises in the new connection of the EIKA Business centre
We advised the US payment processing company Shift4 Payments Lithuania on signing a lease agreement for an additional 1,400 m² in a new connection premises of the EIKA Business Centre, managed by Eika Development. Shift4 Payments will expand its presence by occupying over 5,000 m² of the EIKA Business Centre. With a total area exceeding […]