Motieka & Audzevicius has advised In Balance Grid on its joint venture with Equite to develop charging station infrastructure.
Walless Advises Ignalina Nuclear Power Plant on Dismantling Project Tender
Walless has advised the Ignalina Nuclear Power Plant on a project tender for reactor dismantling technology design services.
Ellex Advises Strava on Acquisition of Fatmap
Ellex Valiunas has advised Strava on its acquisition of Fatmap. Wilson Sonsini Goodrich & Rosati advised Fatmap.
Sorainen Advises Legal Balance on Bond Listing on Nasdaq Baltic First North
Sorainen has advised Legal Balance on the listing of its bonds on Nasdaq Baltic First North in Lithuania.
Ellex Successful for Neringa Dangvyde Macate Before European Court of Human Rights
Ellex Valiunas has successfully represented Neringa Dangvyde Macate before the European Court of Human Rights, on a pro bono basis, in a dispute related to restrictions on the distribution of Dangvyde Macate’s fairy tale book, Amber Heart, depicting same-sex relationships and its subsequent labeling as harmful to children under the age of 14.
TGS Baltic Mints Five Partners and Three Associate Partners in Estonia and Lithuania
TGS Baltic has announced the appointment of Dalia Augaite, Sandra Bliuvaite-Sulciene, Marius Brasiunas, Martti Peetsalu, and Chirag Mody as Partners, while Tadas Varapnickas, Karolina Lapinskaite, and Triinu Jarviste have been appointed as Associate Partners at the firm.
Corporate Governance in Lithuania
Contributed by ILaw Lextal.
Sorainen and Walless Advise on Taiwania Capital EUR 3.5 Million Investment into Oxipit
Sorainen has advised Oxipit on a EUR 3.5 million investment from Taiwanese venture capital company Taiwania Capital. Walless advised Taiwania.
Despite Fears, War Did Not Tip the Scales of the M&A Market in 2022
As the year draws to a close, we traditionally check the results. Therefore, let's review the transaction market of 2022. If I had to choose, I would consider the birth of the second unicorn to be the most significant event in Lithuania. Globally, it must be the USD 44 billion deal between Elon Musk and Twitter, which has probably boosted popcorn sales worldwide.
Sorainen Advises Rgreen Invest on EUR 42 Million Funding for Green Genius
Sorainen has advised Rgreen Invest on providing EUR 42 million in funding to the Green Genius renewable energy company to build eight solar projects with a total capacity of 65.7 megawatts in Lithuania.
Adon Legal Advises Galio Group on EUR 15 Million Financing from SEB Banka
Adon Legal has advised Lithuanian real estate developer Galio Group on receiving financing from Latvia's SEB Banka to complete the development of the Riga-based Gustavs Business Center.
Cobalt Advises EECP on Sale of Retail Store Portfolio in Lithuania
Cobalt has advised Norwegian investment company EECP on its sale of a grocery-anchored retail store portfolio in Lithuania.
Saule Dagilyte Appointed Managing Partner at Sorainen in Lithuania
Saule Dagilyte has been appointed as the new Country Managing Partner of Sorainen's Lithuanian office on January 1, 2023. She takes over from Tomas Kontautas, who held the position since 2017.
Sorainen Advises Orion Leasing on Guarantee Agreement with EIF
Sorainen has advised Orion Leasing on signing a EUR 52.8 million guarantee agreement with the European Investment Fund under the InvestEU program for financing Lithuanian companies.
Closing: INVL Baltic Sea Growth Fund Acquisition of Nemunas and Egles Sanatorija Now Closed
On December 29, 2022, Sorainen announced that INVL Baltic Sea Growth Fund’s acquisition of Nemunas and Egles Sanatorija (reported by CEE Legal Matters on June 13, 2022) had closed.
Cobalt Advises Helmes on TeleSoftas Acquisition
Cobalt has advised Helmes on its acquisition of Lithuanian software developer TeleSoftas.
Sorainen and Motieka & Aduzevicius Advise on Tewox's Acquisition of Shopping Centre in Klaipeda
Sorainen has advised Tewox on the acquisition of the Dragunai shopping center in Klaipeda from Zabolis Partners. Motieka & Aduzevicius advised the sellers.
Competition Fines, M&A, FDI, Start-ups, ESG, and IP On the Up in Lithuania: A Buzz Interview with Vilija Viesunaite of Triniti
In Lithuania, M&A transactions are up, litigation procedures are down, and the Competition Council has been handing out hefty fines for cartel infringements, according to Triniti Jurex Managing Partner Vilija Viesunaite.