Deals & Cases
We assisted Tempur Sealy International, the world’s biggest bedroom furniture producer, in acquiring Bed Factory Sweden, the Estonian based Swedish bedroom furniture producer. This acquisition is expected to boost growth of production in Viljandi, Estonia, by 50 %. Increase in production According to Indrek Aasna, CEO of Bed Factory Sweden Estonia, the new owner will […]
Deals & Cases
We successfully represented Valerij Stankevič, a candidate for the Vilnius City Municipal Council, in a dispute with Lithuania’s Central Electoral Commission (CEC). The court found in favour of our client and revoked the CEC decision to exclude a legally elected person from Vilnius City Municipal Council. CAC decision that was appealed CEC revoked Valerij Stankevič’s […]
Deals & Cases
We advised Best Finance on establishing a company in Lithuania and obtaining a payment institution licence from the Bank of Lithuania. Best Finance plans to provide money remittance services in Lithuania and other EU Member States. Our team consisted of partner Augustas Klezys and senior associates Laura Matukaitytė, who advised the client on regulatory licensing matters, […]
When public entities get involved in business, private companies may face an unequal contest. The rules of combat are affected by advantages enjoyed by public entities or companies that they establish ‒ advantages that private companies do not enjoy. Some indicators of how to recognise a public entity that distorts competition and the unfair behaviour […]
Deadline approaching for filing annual reports with the State Revenue Service (SRS). The Law on Annual Financial Statements and Consolidated Financial Statements requires all companies to file with the SRS an annual report ‒ approved by the shareholders’ meeting ‒ no later than one month after approval and no later than four months after the […]
