Europe

Alo Noormets became senior associate

Law Firm TARK GRUNTE SUTKIENE associate Alo Noormets passed the Estonian Bar’s sworn advocate exam and became a senior associate.

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TARK GRUNTE SUTKIENE advised Arco Vara on raising investment to Tivoli residential area development project

Law firm TARK GRUNTE SUTKIENE advised Arco Vara on the transfer of its Tivoli development project properties to its subsidiary, Tivoli Arendus OÜ, and on attracting a partner to Tivoli Arendus OÜ. Raising investment to Tivoli Arendus OÜ makes it possible to quickly proceed with the development of the Tivoli project; in the first stage of the project up to 170 apartments will be constructed, and the first ones are expected to be completed in the third quarter of 2012.

The lawyers advising on the transaction were partners Erki Kergandberg and Rolan Jankelevitš and senior associateAndres Siigur.

Please find the press release HERE.

 

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Lidings supports Turkish Boydak Holding in EUR12 mln factory acquisition from Fabryki Mebli Forte

Lidings supports Turkish Boydak Holding in EUR12 mln factory acquisition from Fabryki Mebli Forte

Leading independent Russian law firm Lidings has further strengthened its Turkish credentials, advising Turkish manufacturer Boydak Holding in its acquisition of a Vladimir furniture factory from Fabryki Mebli Forte SA (Forte SA), Poland.

An initial Memorandum of Understanding for the acquisition of 100 percent of shares (EUR12 million in value) in Forte Rus has been signed in late October 2010. Lidings’ lawyers were responsible for all legal analysis, for structuring the transaction, and for securing all regulatory approvals.

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Cooperation agreement signed

Cooperation agreement with Mykolas Romeris University signed

Mrs. Eugenija Sutkienė, Managing Partner of the law firm TARK GRUNTE SUTKIENE (Lithuania) and Prof. Alvydas Pumputis, Rector of Mykolas Romeris University have signed a cooperation agreement. The agreement provides for general scientific and practical seminars, participation in international projects and programs, student practice in the law firm.

Mykolas Romeris University and TARK GRUNTE SUTKIENE also agreed to provide services to Lithuanian and foreign partners, to cooperate in implementing doctoral studies at the University, i.e. to propose topics for doctoral theses, to advise doctoral students and to accept students for practice.

 

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Partner Risto Vahimets participated in Independent Law Firms Forum

On 17 March, partner Risto Vahimets, head of Baltic M&A at TARK GRUNTE SUTKIENE, participated in the Independent Law Firms Forum arranged annually by the leading legal publication Legal Week in London. The event was well organized and attended by managers and partners of internationally active independent law firms. The forum contained presentations from several in house counsels of global companies, reputable management consultants as well as law firm managers. The topics of discussion included the latest trends in the global legal markets as well as current and relevant law firm management issues.

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Lidings continues to build business advisory practice with international facilities company ISS

Lidings continues to build business advisory practice with international facilities company ISS

Leading independent Russian law firm Lidings continues to strengthen its business advisory practice, having advised ISS, one of the world’s largest providers of facility services, on optimizing business procedures at its Russian subsidiary Facility Services Rus.

Following a thorough evaluation of the company’s internal business processes in Russia, a senior team from the firm’s Employment and Labor practice (led by Partner Tatiana Bicheva and supported by Associate Kristina Teplova) was able to develop a strategic plan to optimize all regulatory, employment, and other internal procedures throughout the Russian subsidiary.

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TARK GRUNTE SUTKIENE organized training for SOS Children’s Villages

On 8 March, youngsters from SOS Children’s Villages visited law firm TARK GRUNTE SUTKIENE Tallinn office. PartnerToomas Taube and senior associate Piret Luiga told them about employment law, main obligations of local municipalities to young people, fines and consequences of non-payment of the fines, taxes, family law and protection of personal data.

We thank all the young visitors for active participation!

 

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Hotel Update Spring 2011

A review of hotel sector transactions and trends in 2010
11/03/2011

To access a pdf copy of the Spring edition of our Hotel Update, please click on the following document link.

Fladgate LLP Hotel Update Spring 2011.pdf

 

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Further Progress Towards the E.U. Patent (11.3.2011)

By Keith Burke, Solicitor, Intellectual Property and Technology Unit

In the Winter 2009 Edition of HOMS News (available here), we reported on the European Commission’s recommendation to the European Council to open negotiations for a “unified patent litigation system” which would facilitate pursuit of cross-border infringement of patents via a single infringement action. In parallel with this development, progress towards the long awaited “Community Patent” or “E.U. Patent” continues.

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Compulsory Registration of Title (24.2.2011)

By Audrey Healy, Partner, Property Department

Compulsory registration of Title in the Land Registry will be extended to the Counties and Cities of Cork and Dublin from the 1st of June 2011.

This extension means that compulsory first registration will apply to the entire Country from June 2011. Therefore when anybody buys unregistered property in any County in Ireland post 1st of June 2011, it will be compulsory for that property to be registered in the Land Registry. This has cost implications for Vendors in that maps have to be prepared on ordnance survey sheets in relation to all property being sold and it has implications in regard to costs for a purchaser in that there will be a separate application fee to the Land Registry in respect of the application for registration.

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