Our team has advised the client on the establishment of a joint venture together with a major Romanian PET packaging waste company. This joint venture enabled the parties to create a stream of trade of PET packaging waste collected in Lithuania.
Our team was responsible for structuring the joint venture in the most convenient way from the financial and corporate governance side and participated in negotiations with the counterparty until agreement for mutually satisfactory arrangements.
We have also provided added value with our industry knowledge by drafting and negotiating provisions of full stream of trade of PET packaging waste. The joint venture also demanded successful cooperation with third parties such as banks and brokers, as well as requiring swift responses in order to meet tight deadlines.