The Lawyer magazine published its special report on the Baltics: LAWIN predicts 2012 as a busy year.
On January 23, The Lawyer magazine published its annual special report on the Baltics States, stating that consolidation is continuing in the legal industry within the Baltic states with “a collaborative pan-Baltic reach being the be-all and end-all of legal activity”
| The report provides a review of the recent M&A work in the region. One of the largest Baltic transactions in 2011 is advised by LAWIN – | |
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„One of the largest transactions in 2011 saw the Tallinn office of pan- Baltic firm Lawin advise US-based rare earth oxide producer Molycorp on its acquisition of a 90 per cent stake in Estonia’s rare metal producer Silmet by subsidiary Molycorp Minerals. In the transaction 80 per cent of the shares were acquired from Silmet Grupp and 10 per cent from chemistry and metallurgy specialist Treibacher Industrie. The remaining 10 per cent of the shares continue to be held by Silmet Grupp. The transaction value was approximately $89m (£57m) and provided Molycorp with its first European base of operations.” |
The report also touches upon the current economic and business environment in the Baltics, and the general situation in the region is seen in a positive light.
| Regarding the future, LAWIN Management Board chairman Peeter Lepik comments that | |
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“What’s important is that our jurisdictions, being not that big, can be flexible. (...) Our government’s made some quite good decisions. This has been effective for the economy. We haven’t spent that much. 2012’s going to be a busy year.” |
Source: The Lawyer, 23 January 2012, pg. 32-34