Forum Cinemas Expands Its Business in Lithuania
OREANDA-NEWS. November 30, 2010. SORAINEN Lithuania advised Forum Cinemas on opening for business in Klaipeda – the third largest city of Lithuania. Forum Cinemas, a member of Rautakirja Group, is a market leader in movie distribution and theatrical exhibitions in Lithuania. SORAINEN assisted Forum Cinemas on all legal issues on opening a new multiplex cinema in Klaipeda's largest shopping mall, AKROPOLIS, reported the press-centre of SORAINEN.
The transaction also required merger clearance from the Lithuanian Competition Council. With this transaction, Forum Cinemas will now operate six movie theatres in all major cities of Lithuania – Vilnius, Kaunas, Klaipeda, Siauliai and Panevezys.
The client was advised by partner Kestutis Adamonis and associate Simona Stanciukaite as well as senior associate Lauras Butkevicius.
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