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Motieka & Audzevicius Successful for AB Kauno Grudai in Illegal Concentration Claim

Motieka & Audzevicius Successful for AB Kauno Grudai in Illegal Concentration Claim

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Motieka & Audzevicius has represented AB Kauno Grudai, one of the largest agriculture companies in Lithuania, in an investigation initiated by the Lithuanian Competition Council.

According to M&A, the investigation was initiated after adoption of the ruling of October 15, 2014 of the Court of Appeal of Lithuania holding that "the transactions impugned were fictitious and the real party to the said transactions was AB Kauno Grudai. As a result, the Competition Council held that an illegal concentration had been carried out. In this case, the competition authority tries to change the existing case-law arguing that a shareholder retains control over an undertaking during the whole bankruptcy procedure even though a shareholder does not hold the power of a controlling majority nor possesses the right of veto at the meeting of creditors."

The Competition Council‘s decision may still be challenged before the Vilnius Regional Administrative Court.

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COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

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