Cobalt has advised Lithuanian financial technology start-up Kevin on raising USD 65 million in a Series A funding round. Sorainen advised investor Global PayTech Ventures.

Sorainen has advised Raydiant on establishing a new office in Vilnius, Lithuania.

Motieka & Audzevicius has successfully represented Natura Furniture in a dispute against GE Power in ICC construction arbitration and Swedish arbitral award annulment proceedings.

Triniti has advised logistics technology startup GoRamp on receiving a EUR 1.5 million investment.

Lithuania’s fintech market is expanding, while inflation and implementing a sanctions regime create obstacles for businesses and the general public, according to Adon Legal Managing Partner Donatas Sliora.

Clifford Chance has advised the Green Group on a EUR 127 million financing from a syndicate of banks. Filip & Company advised the lenders. Linklaters reportedly advised the lenders.

Sorainen has advised the Lords LB Baltic Fund III on the share-deal sale of a shopping center in Klaipeda to the Union RE Core Fund I. Cobalt advised the buyer.

Motieka & Audzevicius has advised the sellers on the EUR 84 million sale of Lithuanian startup MailerLite to Polish technology company Vercom. Gessel and Ellex advised the buyer.

Sorainen has advised Siauliu Bankas on establishing the SB Modernisation Fund for renovating apartment buildings and signing loan agreements worth EUR 275 million with investors. TGS Baltic advised the European Investment Bank on granting a EUR 90 million loan – together with the Government of Lithuania – to Siauliu Bankas for the new fund.

TGS Baltic has advised I Asset Management on obtaining an alternative investment fund manager license under the Alternative Investment Funds Managers Directive, to operate throughout the EU.

Cobalt has advised Avena Nordic Grain on the sale of its Estonian and Lithuanian grain trade businesses to the Scandagra Group. Walless advised Scandagra on the deal.

Motieka & Audzevicius has assisted AAA Capital with obtaining merger clearance from the Lithuanian Competition Council for its acquisition of Medicinos Bankas. TGS Baltic advised Medicinos Bankas and sellers Konstantinas Karosas and Western Petroleum Limited on the merger clearance process. 

Walless has advised the Taupa credit union on its seven-year subordinated bond issuance.

TGS Baltic has successfully represented Klaipedos Nafta before the Siauliai Regional Court in a dispute regarding the award of company shares to its employees.

CEE Legal Matters readers will likely be familiar with Patricia Gannon as one of the founders of Karanovic & Partners. Since her withdrawal from the firm (reported by CEE Legal Matters on September 21, 2020), Gannon ran her own "holistic strategic advisory business" (as reported on October 12, 2020) and, recently, she announced she is working on a new social media app for lawyers – Platforum 9. We caught up with her to learn more about her new project.

Former Utenos Trikotazas Chief Commercial Officer Marijus Krisciunas has joined TGS Baltic as a Partner.

The record year for M&A transactions, the emergence of new startups, and a new draft on company law get lawyers talking in Lithuania, according to TGS Baltic Partner Dalia Tamasauskaite-Ziliene.

TGS Baltic has advised the Auga Group and its main shareholder on delisting the company's shares from the regulated market of the Warsaw Stock Exchange and the related mandatory tender offer. Reportedly, Deloitte Legal advised the Auga Group as well.