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On April 4, 2024, Ellex Valiunas announced that Kogeneracija's full sale of Miesto Energija and Pramones Energija and a 4,34% stake in Klaipedos Energija to Vilniaus Silumos Tinklai (reported by CEE Legal Matters on December 1, 2023) had closed at the end of March for EUR 10.6 million.

While rendering day-to-day corporate advice to various clients, we have noticed lately a trend specific to limited liability companies, which involves allowing the directors of the respective companies to delegate all their powers to another individual for certain operations, either via the Articles of Incorporation or by resolution of shareholders.

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