Interchemie reached an agreement with Kepro in court
2023 - 10 - 04
Interchemie reached an agreement with Kepro in court regarding the termination of the lease agreement and eviction from their factory. The litigation took place since a company which was controlled by a former Interchemie board member sold the Viimsi property on which the Interchemie factory is located. The sale was made to a competitor company Kepro, who wanted to terminate the lease with Interchemie and demanded that they move out.
Important results were achieved in court for Interchemie since a new lease agreement with the term of use of the Viimsi factory was obtained until the summer of 2038. The victory was existential for Interchemie’s future operation, and failure to achieve it would have caused a loss of tens of millions of euros.
Interchemie Werken De Adelaar Estonia AS is a pharmaceutical company that produces veterinary products, including veterinary medicines, nutritional products, and disinfectants.
Our client was represented by Managing Associate Lembit Tedder. Our team also included Partner Karina Paatsi, Managing Associate Annika Peetsalu, Senior Associates Tavo Tiits and Sandra Sillaots, Junior Associate Saara Maria Puur, and Assistant Lawyers Anette Jaani, Kristi Ojala, Jaanus Randma and Rachel Sermat.