
How can a CEO avoid being held hostage by the company?
The Law on Companies of the Republic of Lithuania (the “Companies Law”) entitles the CEO of a private limited liability company (the compa…
Glimstedt has acted as a legal advisor to Lithuanian investment company Ceres Capital on its acquisition of Latvian SIA PrintPack Service, the leading provider of digital printing equipment, materials and services to printing houses in Latvia.
Following this transaction Ceres Capital, UAB became the controlling shareholder of SIA PrintPack Service and intends on further development of the business. The acquired company will become an integral part of CREOLINK, an international group of companies engaged in wholesale of plastic, paper, printing materials and equipment for visual communications industry.
Glimstedt team consisted of partner Aušra Maliauskaitė-Embrektė, Senior associate Michailas Molis with support from Glimstedt Latvian office. We assisted the buyer on all aspects of Lithuanian and Latvian law matters related to the transaction and prepared all the transaction documents.