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On 16 March, in London, Eugenija Sutkienė was awarded as the European Managing Partner of the Year in The Lawyer European Awards 2017. E. Sutkienė is the Managing Partner of TARK GRUNTE SUTKIENE, a leading law firm in the Baltics, and has worked in commercial law for over 30 years.
Tark Grunte Sutkiene’s M&A and litigation teams assisted Estonian company 1Home Group AS with acquisition and commencement of management of a student hotel at Lauvas 2, Riga, Latvia, that borrowed a loan of EUR 8.4 million from AS DNB banka for expansion of the business of rental housing for students in the Baltics and Poland.
Tark Grunte Sutkiene’s M&A team assisted 20% shareholder of SIA VUDLANDE (LV) with buy-out of 80% shareholder of the company - Latvian Timber Ltd. (UK), obtaining 100% shares of SIA VUDLANDE as the result of the transaction.
The firm’s M&A team led by associate partner Kadri Kallas advised Citypark Eesti, one of the largest parking services providers in Estonia, on selling its shares to a Stova which belongs to the Lithuanian headquartered Modus Group.
Tark Grunte Sutkiene Latvia office successfully represents LV Asset Management AIFP before the Financial and Capital Market Commission during granting the status of a registered alternative investment fund manager and registration of the closed alternative investment fund “EverGreen Fund” with to sub-funds “EcoEnergy Subfund” and “EcoShrimp Subfund”. The fund will make investments mainly in the share capitals of companies registered in Latvia and operating in the target industries – power industry and aquaculture. TGS is represented in the project by Senior Associate Alise Eljašāne and Associate Jekaterina Anohina.
TARK GRUNTE SUTKIENE has successfully advised AB INVL Baltic Real Estate on its transformation into a licensed special closed-end type investment company. A necessary license and permits for the company were issued by the Bank of Lithuania at the end of December 2016. The Bank of Lithuania has also approved the prospectus for admission of the shares of the company to trading on the NASDAQ OMXVilnius stock exchange for their uninterrupted listing on the regulated market.
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