Commercial and competition law, Lithuania

Issues of commercial and competition law constantly arise in everyday business operations and in connection with mergers and acquisitions and co-operation between companies. Our services in this area cover a broad spectrum of cross-border and domestic issues.

We take a solution-based approach, which enables you to achieve business objectives within the legislative framework.

Complex commercial agreements require both complex legal skills and careful risk assessment. We work closely with our clients to achieve the best result in terms of protecting their interests and adding value. Not only do we ensure legal compliance but we can also advise on the business aspects of your commercial undertaking.

Services

We can provide you with the advice you need to complete transactions in virtually any business area. Our expertise is based on in-depth knowledge of legislation, understanding of your business issues and the most effective strategies for negotiating contracts. Our lawyers review agreements for compliance with Lithuanian law and advise on their international aspects, perform full-scope legal due diligence and transaction support assignments.

Businesses can no longer afford to ignore Lithuanian competition law in their commercial dealings. We advise on the best ways for structuring business relationships in order to create an optimal situation without transgressing competition regulations. Our service covers general regulatory matters, monopolies and cartels, fair trade, and co-operation between competitors and other market players.

Main areas of our expertise include:

• strategic advice on mergers and acquisitions, contracts and commercial arrangements
• drafting and negotiating commercial contracts, eg distribution, agency, franchise, licence, sales, joint venture, import and export financing, insurance, outsourcing, IT, etc
• real estate and other asset transactions, eg construction, sale, lease or rent
• control of mergers and acquisitions, filings to the antitrust authorities, antitrust litigation and regulatory investigations
• fair trade, distribution and pricing, promotion and advertising, protection against unfair competition, protection of branded products, etc
• commercial litigation, mediation and arbitration.

Clients

Major Scandinavian energy and heat company

Advising on the acquisition of an interest in one of the largest Lithuanian heating companies. We also acted on several large scale investment projects in Lithuania.

Norwegian oil company

Assisting in various fuel supply commercial arrangements, licensing and other legal issues in Lithuania.

One of the largest pharmaceutical companies in Lithuania

Advising on corporate and commercial matters and the impact of the new pharma law.

Public and private partnership project in sports and entertainment

Acted for Kaunas City Municipality in developing one of the largest multifunctional arenas in Lithuania.

The largest catering chain in the Baltics

Drafting a legal review of corporate law on the Central and Eastern European Region. The work focused on the corporate structure of the network and investments.

A leading Baltic cosmetics and perfume retailer

Advised on corporate and commercial law.

A German electric devices subsidiary

Acted in relation to various corporate matters.

A British Furniture Manufacturer

Advising on corporate issues, drafting corporate resolutions, providing full support in raising capital, and helping with overall corporate and commercial matters relating to client's business in Lithuania.

A French manufacturer of metal constructions for ships and piers

Drafting corporate resolutions and supporting in the area of green field investments in Lithuania.

A major Lithuanian cable telecommunication company

Performing a buy-side legal due diligence and transaction support services in relation to the acquisition of the shares in several other Lithuanian cable telecommunication companies.

US based data communications distributor

Carrying out the review of acquisition documents of a major Lithuanian data communications distributor. The purpose of the project was the acquisition of shares in the Lithuanian company.

Major German pharma company in Lithuania

Advising on various ongoing corporate matters.

Major foreign capital pharma company

Advising on compliance matters in Lithuania, including pharmaceutical advertising and clinical trials.

Leading international waste management operator

Acting in relation to corporate and commercial matters. We also advised on environmental related matters and public tenders in waste management.

Leader in the textile industry

Drafting and reviewing corporate resolutions and commercial contracts.

The world's largest enterprise software company

Rendering contract law and public procurement law advice.

One of the biggest construction companies in Lithuania

Advising on various construction and commercial law issues, including various commercial agreements related to real estate. We advised on the disposal of a major logistics terminal, organising the tender and other disposal issues. We also advised on redevelopment of the building of the Lithuanian Parliament, redevelopment of the Lithuanian airport also on the construction of the largest shopping mall in the Baltics.

An international real estate development company

Assisting on various real estate matters, including real estate joint-venture arrangements, project development and PPP projects. We advised on the multiple acquisition of land (for commercial and residential development) and commercial properties.

Irish, British, Icelandic, the US, Canadian, Dutch investors

Acting in disposing and/or acquiring real estate and other assets in Lithuania, including drafting the share transfer agreements and other related documents.

An international baby food producer

Acting in relation to the implementation of EU directives and the World Health Organisation‘s legislation in Lithuania.

Major British furniture manufacturer

Providing full scope corporate law advice.

Multinational biotechnology company

Delivered a wide range of legal services, including drafting supply contracts and issuing various legal opinions in the field of corporate law.

Swiss supplier of goods

Advising on corporate law matters and liquidation procedures.

A multinational biotechnology company

Advising on various corporate/commercial law aspects and operational permits and governmental approvals.

A movie producer

Representing the company on various legal matters in state institutions.

A wholesaler of food products

Carrying out a complex restructuring by way of merger, including advice on corporate and commercial law, competition clearance and intra-group transactions. We also advised on import-export procedures.

Major oil and gas company

Advising on the acquisition of an interest in refinery AB Mažeikių Nafta (the largest company in the Baltics).

Leading international waste management operator

Preparing the documentation on the transfer of shares and assistance with comprehensive contract law advice.

Major textile company

Drafted share transfer documentation for international textile company.

Irish based company

Carrying out legal due diligence of the Irish company, as part of the procedure of transfer of its parent company in Ireland.

The biggest cosmetics and perfume retailer in Lithuania

Providing comprehensive contract law advice, and drafting and reviewing of various commercial contracts.

An international consumer goods company

Advising on advertising matters, including lottery regulations, and requirements for the marketing campaigns in relation to advertising and consumer protection.

Homburg - real estate development company

Advising on various real estate matters, including real estate joint-venture arrangements, project development, and PPP projects.

US real estate development company

Advising on several large-scale real estate acquisitions in Lithuania and assisting in the financed structuring of deals and other matters.

One of Scandinavia's largest capital construction companies

Advising on various construction and commercial law issues relating to real estate, including drafting various commercial agreements.

An IT client

Advising on competition clearance matters.

International consumer goods company

Advising on fair advertising for competition purposes, including a review of the requirements for the marketing campaigns in relation to advertising and consumer protection.

Leading data-communications distributor

Advising on competition matters in relation to mergers and acquisition projects in Lithuania.

A large German electric device producer

Drafted various equipment supply agreements and negotiated the shareholders agreements and other commercial contracts.

A Lithuanian company involved in the cleaning business

Carrying out a buy-side legal due diligence of a Lithuanian provider of cleaning services, aiming at acquisition of 100 percent of the shares.

A producer of measurement equipment devices

Setting up the business and advice on various investment matters.

One of the world's largest waste management company

Advising on the acquisition of business in Lithuania and transfer of know-how. We also advised on various complex corporate and commercial matters and litigation.

A Lithuanian cosmetics retailer

Working for a Scandinavian private equity fund, we carried out an extensive buy-side legal due diligence of the company, aiming at acquisition of 100 percent of the shares. We carried out the negotiations and closed the share deal.

Major foreign construction company

Advising on various construction and commercial law issues as well as land purchase, construction projects, dwelling houses development projects and other issues.

A large number of foreign real estate developers

Advising on large-scale real estate acquisitions in Lithuania, commercial property finance structuring and other matters.

A large pharmaceutical company

Advising on commercial law issues, including preparation of major distribution agreements and guidance on the regulatory environment of the pharmaceuticals sector in Lithuania.

SCA Hygiene Products

Advising on corporate and commercial law matters.

Gazprom

Acting in relation to the privatisation of the major Lithuanian gas company Lietuvos Dujos.

One of the biggest pharmaceutical wholesalers in Europe

Carrying out a buy-side due diligence of two local pharmaceutical wholesalers, and implementing a corporate restructuring of the local legal presence of the group by merging the newly acquired local pharmaceutical wholesaler into a Lithuanian subsidiary.

World leader in mobile communications

Advised on corporate law, including local company management and shareholders issues. We also drafted various commercial and business contracts.

Global manufacturer and marketer of brand-name products

Carrying out legal due diligence of one of the biggest sewing company in Lithuania in relation to the acquisition of shares.

Major electricity production and heat supply company

Preparing a detailed actions plan for lease of business, performing a full scope legal due diligence, de-merged business units, negotiating and agreeing upon financial instruments with EBRD and preparing and negotiating lease agreements with the private operator.

The Lithuanian State Property Fund

Carrying out an extensive legal due diligence of the third largest Lithuanian bank for the purpose of its potential privatisation. Our services also included the preparation of a feasibility study for privatisation, drafting the share sale and purchase agreement, assistance during the negotiations and advice on other matters.

Leading European pharmaceutical wholesaler

Carrying out the legal due diligence of one of the biggest medicine wholesalers in Lithuania with the intention to acquire either shares or assets of the company.

Leading player in the world textiles and apparel industry

Providing extensive transaction support services including limited scope legal due diligence in relation to acquisition of a local company. We also prepared a sale-purchase agreement of a weaving shop, drafted land and other real estate lease agreements, prepared the agreement for the supply of steam, industrial water and electricity, and reviewed standard agency contract for the sale of production.

The largest shipping company in Lithuania

Preparing a reorganisation plan and carrying out the restructuring of LISCO upon request of the State Property Fund. The purpose of the restructuring was to prepare LISCO for the privatisation.

The world's largest supplier of PET containers

Preparing the debt recovery plan and negotiating the debt recovery contract. We also advised on mortgage of production and raw material, and accounts receivable.

The largest Norwegian oil company

Advising the subsidiary of the largest Norwegian oil company on competition regulations and several competition clearances in Lithuania including the acquisition of a significant oil terminal in Lithuania, and a stake in the major methyl-ether producing company. Assisting on commercial contracts with clients, suppliers, and distributors, and fuel card arrangements.

International food company

Advising on corporate and EU law related matters in relation to various milk purchasing regulations.

Leading international waste management operator

Acting for a leading international waste management operator in relation to the public tenders in waste management and competition regulations.

An international baby food producer

Advising an international baby food producer on competition and EU regulations. Assisting various corporate and commercial matters, involving complex arrangements with pharmacies.