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M&A and CorporateRegulatory & Competition
Tark Grunte Sutkiene advised shareholders of gaming operator UAB Lošimų strateginė grupė, which operates under TonyBet brand name, on the sale of the company to Nordic gambling operator Betsson AB.
The firm’s M&A team led by associate partner Sander Kärson advised Avia Solutions Group, a Lithuanian capital-based aviation holding corporation listed on the Warsaw Stock Exchange, on the acquisition of the Estonian tour operator GoAdventure. GoAdventure will soon carry the name Kidy Tour, a tour operator owned by Avia Solutions Group.
Tark Grunte Sutkiene successfully represents the investment brokerage firm Amenda Markets AS IBS, licensed in Latvia, receiving authorization of the Financial and Capital Market Commission to provide investment services and collateral services in the European Union and the European Economic Area.
Following a claim submitted by SIA Enefit, the subsidiary of the Estonian electricity producer Eesti Energia in Latvia, the Procurement Monitoring Bureau precluded VAS Latvijas dzelzceļš from conclusion of the electricity supply agreement with AS Latvenergo worth 12 million euros.
Tark Grunte Sutkiene rendered legal assistance to Norvik Banka AS during preparation of all the necessary documentation for registration of the open alternative investment fund NORVIK CIS FIXED INCOME ABSOLUTE RETURN FUND with the Financial and Capital Market Commission. The fund will be managed by AS “NORVIK ieguldījumu pārvaldes sabiedrība”, and it is going to make investments mainly in the bonds of issuers registered in the CIS and developing countries.
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