FORT has represented the real estate investment company EfTEN Capital AS in investment in its new product – housing rental in Kaunas

EfTEN is taking the first step into the Lithuanian housing rental market by investing 10 mio euros to construction of 2 nine-storey multi-apartment buildings in Kaunas. The project will produce 96 completely installed and furnished apartments to be rented on a long-term basis. EfTEN will work side by side with the real estate developer UAB Etapas Group. This is the first investment by EfTEN Residential Fund in Lithuania.

Attorney-at-law Rūta Radzevičiūtė – Meizeraitė has advised EfTEN on all transaction documents.

More information can be found here [https://bit.ly/3qWzvzs]

Our partner Andreas Veeret successfully represented a client in a court dispute against a competitor

Our partner Andreas Veeret successfully represented a client in a court dispute against a competitor. The competitor filed an action claiming that our client had breached EU competition rules and was thus obligated to compensate the competitor for damage caused thereof. One of the main disputed issues was the question of whether guarantee terms effected by the producer of a vehicle were too cumbersome towards the owner/possessor of the vehicle and as such, in contradiction to EU competition rules. The court agreed with our arguments, found that our client had not breached any competition rules and decided not to satisfy the action.