Tag Archives: Tark Grunte Sutkiene

TARK GRUNTE SUTKIENE succesfully represented Financial and Capital Market Commission on behalf of Republic of Latvia

Ivars GrunteLinda ŠtrauseInese HazenfusaMāris LigutsMatīss Rostoks

TARK GRUNTE SUTKIENE together with Freshfields Bruckhaus Deringer LLP succesfully represented Financial and Capital Market Commission on behalf of Republic of Latvia in relation to a claim braught by Bryn Services Ltd versus Republic of Latvia under the Agreement between Government of Republic of Latvia and the Swiss Federal Council for the Promotion and Protection of Investments of 22 December 1992 at the International Arbitration Court proceedings.  

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TARK GRUNTE SUTKIENE advised Eesti Talleks on Škoda and Porsche car business sale transaction

Eesti Talleks AS and Semler Baltic OÜ, a subsidiary of the Danish Semler Gruppen, signed a contract on Tuesday for the sale by Eesti Talleks of a 50 per cent holding in the Adole Invest AS group. The group is composed of the importer and dealers of Škoda and Porsche vehicles. “Today we have reached an agreement to divest our share, which enables Eesti Talleks to focus on our strategic field of real estate development”, Taavi Toots, the chairman of the board of Eesti Talleks AS, commented.

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TARK GRUNTE SUTKIENE advised Citycar OÜ on the sale of a share in Jazz Pesulad

Citycar OÜ sold its 38.5% share in Jazz Pesulad. Jazz Pesulad is a car wash chain that is based on Estonian capital and offers various vehicle cleaning services. Jazz Pesulad was founded in 2003 with an innovative and modern concept of car washing services.

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TARK GRUNTE SUTKIENE advised Citycar OÜ on the sale of a share in Jazz Pesulad

Citycar OÜ sold its 38.5% share in Jazz Pesulad. Jazz Pesulad is a car wash chain that is based on Estonian capital and offers various vehicle cleaning services. Jazz Pesulad was founded in 2003 with an innovative and modern concept of car washing services.

Citycar OÜ, founded in 2003, focuses on car dealership market and has its main cooperation partners in South-Germany.

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Procedure for the redenomination of the nominal value of financial instruments registered with the Central Securities Depository of Lithuania to EURO came into effect

The Central Securities Depository of Lithuania (hereinafter, the CSDL) approved the procedure, according to which the nominal value of financial instruments (hereinafter, the Financial Instruments), which are registered with the CSDL ((i) shares of companies, other equity securities, (ii) bonds, debentures, other non-equity securities, treasury papers of the Government of the Republic of Lithuania, etc.) and the nominal value of which is in litas, will be redenominated to euro on 1 January 2015.

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Information about shareholders will become accessible by the general public

After the information system of participants in legal entities (JADIS) started to operate in August 2014, data about participants in legal entities became accessible only by state institutions and authorities entitled to receive such information, as well as by persons, who have such a right prescribed by legal acts. After amendments to the Regulations of JADIS made by an order of the Minister of Justice of the Republic of Lithuania on 3 November 2014, starting from 1 January 2015 any natural persons and legal entities will have access to the following data:

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The managing partner of TARK GRUNTE SUTKIENE Latvian office Ivars Grunte has been presented a Mark of distinction of II degree

The managing partner of TARK GRUNTE SUTKIENE Latvian Office Ivars Grunte has been presented a Mark of distinction of II degree granted by the Ministry of Justice for significant contribution in development of the justice system and faciliation of knowledge and professionality of the officials belonging to the court system.

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TARK GRUNTE SUTKIENE supports the first moot court in the administrative proceedings in Latvia

TARK GRUNTE SUTKIENE supports the first moot court in the administrative proceedings in Latvia providing the possibility to law students to obtain new knowledge and play the role of parties in the administrative proceedings

The students’ performance was evaluated also by TARK GRUNTE SUTKIENE associate Māra Stabulniece, who specializes in competition and public procurement issues, and took part in the moot court as a judge, recognizing the high level of students’ knowledge and skills.

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Erki Kergandberg and Elmer Muna comment on charges brought against Liviko in the business daily Äripäev

This spring, the Office of the Prosecutor General brought charges against several retailers and alcohol producer Liviko, accusing them of concluding an agreement with competitors on the increase of the retail prices of certain brands of vodka in 2009. The defence counsel of Liviko, TARK GRUNTE SUTKIENE partner Erki Kergandberg noted in court that he understood the charges in grammatical terms but Liviko did not plead guilty. Mr Kergandberg added that the charges brought by the prosecutor were groundless and Liviko had neither concluded any agreement with any competitor nor engaged in concerted practices. The defence attorney for the supermarket chain Selver, TARK GRUNTE SUTKIENE senior associate Elmer Muna, said that the charges were vague and there was no evidence. He added that Liviko and Selver as members of the same group were allowed to discuss matters between themselves. “In my opinion the charges are unfounded”, Mr Muna said.

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Erki Kergandberg and Elmer Muna comment on charges brought against Liviko in the business daily Äripäev

This spring, the Office of the Prosecutor General brought charges against several retailers and alcohol producer Liviko, accusing them of concluding an agreement with competitors on the increase of the retail prices of certain brands of vodka in 2009. The defence counsel of Liviko, TARK GRUNTE SUTKIENE partner Erki Kergandberg noted in court that he understood the charges in grammatical terms but Liviko did not plead guilty. Mr Kergandberg added that the charges brought by the prosecutor were groundless and Liviko had neither concluded any agreement with any competitor nor engaged in concerted practices. The defence attorney for the supermarket chain Selver, TARK GRUNTE SUTKIENE senior associate Elmer Muna, said that the charges were vague and there was no evidence. He added that Liviko and Selver as members of the same group were allowed to discuss matters between themselves. “In my opinion the charges are unfounded”, Mr Muna said.

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