TRINITI advised and assisted real estate developer in erecting of commercial center and giving it to lease in Tallinn resulting in additional option for local community to do shopping close to home.
TRINITI won the dispute against the National Land Service (NLS) over the termination of state land lease. This proves once again that in disputes with NLS over the lease of state land, it is possible to achieve positive results for tenants of state land. The interests of the clients were represented by TRINITI Partner and Attorney at law Agnė Ustinovičienė and the Senior Associate Gintarė Liegutė.
TRINITI represented the Fédération Internationale de Football Association (FIFA) in registering the trademark “FIFA FUTSAL WORLD CUP LITHUANIA 2020” for the World Hall Football Championship planned to be held in Lithuania. The World Hall Football Championship is planned in Lithuania in 2020. September 12 – October 4.
Eddy Travels, a travel tech startup founded by Lithuanians and based in Toronto, has raised €1.1 million in a pre-seed funding round, led by Baltic VC Practica Capital with participation from Lithuanian firm Open Circle Capital, Techstars Toronto, and angel investors.
Founded in 2018, the company has developed an AI travel assistant, which communicates with users via chat apps such as Facebook Messenger, WhatsApp, and Telegram. Pulling from Skyscanner, the digital assistant can search flights, accommodation, restaurants, and travel insurance.
For now the funding will go to immediate product development work that is adapting the app for travelers during the COVID-19 pandemic. Once the disease is contained and travel restrictions lifted, the startup will shift focus and expand into new markets.
Groa Real Estate Fund I, a fund managed by Groa Capital, completed an acquisition of a 3.800 sq.m. shopping centre Rimi Hypermarket in Vilnius on April 1, 2020. It’s the sixth investment of the Groa Real Estate Fund I already since the start of the Fund’s investment period in July 2018. Portfolio of Groa Real Estate Fund I amounts to a total gross value of over 27 m EUR after the latest acquisition. Groa Capital is a licensed fund manager supervised by Lietuvos bankas, a central bank of Lithuania.
TRINITI has advised for years and is continuing to advise also during the COVID-19 crisis SA KredEx (a financing institution established by the Estonian State) on state aid rules related to state guarantees and other measures to make sure that the measures provided by KredEx do not constitute unlawful state aid.
Estateguru tagatisagent OÜ acts as the Security Agent being responsible for maintaining and realization of securities (mortgages) for investments made through the EstateGuru’s crowdfunding portal estateguru.co. EstateGuru is a leading European online marketplace established by property and FinTech professionals facilitating short- and mid-term property loans to businesses.
TRINITI is providing management services to Estateguru tagatisagent OÜ as well as represents the client in numerous disputes in court related to security interests.
Tiniti Estonia assisted Smartlynx Airlines Estonia OÜ to lease three Airbus A320-200 passenger aircrafts and register the aircrafts in Estonian civil aircraft register.
In co-operation with Norton Rose Fullbright Frankfurt, we advised Deutsche Bank to launch cross-border payment services. Triniti advised on Estonian law matters pertaining to the T&C of the service.
TRINITI successfully represented UAB Vilniaus augma in a dispute with AB AUGA group regarding the validity of the EU trademark AUGA CO registration. The European Union Intellectual Property Office (EUIPO) has ruled that AUGA CO, the AUGA group’s trademark, is confusingly similar to AUGAM, the earlier trademark of UAB Vilniaus augma, and declared the registration invalid for certain goods and services