Advised a client on cross-border swap of shares

Our team advised Wisdom Events, a leading event and high-level business meetings organiser, which organises events related to the energy and maritime sectors.

We assisted the client in a cross-border swap of shares, relating to splitting of partners in different jurisdictions. 50% share portfolio in the Russian business owned by the client has been swapped for a 50% share portfolio in the Lithuanian business. As a result of the transaction, the client has become the sole owner of the Lithuanian company and left the Russian company. The transaction is of high importance for the client allowing it to develop its further business in accordance with its purposes.

Our team was responsible for the negotiations process, coordination of processes abroad, preparation of documentation and title registration matters.