Transport & Infrastructure Law
January 25, 2019

TRINITI partner advised the restructuring of Lithuanian Railways

TRINITI partner Tõnis Tamme acted as a legal adviser for a leading CEE business consultancy CIVITTA providing recommendations for the state-owned Lithuanian Railways Ltd (LG). The Lithuanian parliament approved the restructuring plan of the Lithuanian railway incumbent in December 2018 according to a holding model. Following the approved plan three new companies controlled by LG will be established instead of the three current in-house directorates – Passenger, Freight Carriage and Railway Infrastructure. Rail Baltica Statyba, the SPV incorporated already in 2013 to carry out the Rail Baltica project in Lithuania and hold the shares in RB Rail AS (the Rail Baltica joint venture of the three Baltic governments), shall remain a separate legal subsidiary of LG