October 8, 2020

On July 24, 2020, CEE Legal Matters reported that Cobalt had helped Lithuania's UAB Kedainiai Free Economic Zone draft establishment and operation agreements for Kormotech. CEEIHM spoke with Giedrius Valuckas, Member of the Board at Kedainiai FEZ, to learn more about the agreement.

“The energy sector has been highly affected in the past few months, as global demand went down tremendously, which has a significant impact on the whole value chain," says Rytis Valunas, GC for oil and LNG terminals operator Klaipedos Nafta. "Many companies, especially from the oil industry, caught themselves in a situation they never dealt with previously." And, he says, "with the pandemic evolving further, the business environment is not likely going to improve soon.”