Motieka & Audzevicius has advised In Balance Grid on its joint venture with Equite to develop charging station infrastructure. 

Walless has advised the Ignalina Nuclear Power Plant on a project tender for reactor dismantling technology design services.

Ellex Valiunas has advised Strava on its acquisition of Fatmap. Wilson Sonsini Goodrich & Rosati advised Fatmap.

Sorainen has advised Legal Balance on the listing of its bonds on Nasdaq Baltic First North in Lithuania.

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 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.

Contributed by ILaw Lextal.

Sorainen has advised Oxipit on a EUR 3.5 million investment from Taiwanese venture capital company Taiwania Capital. Walless advised Taiwania.

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 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 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 has advised Norwegian investment company EECP on its sale of a grocery-anchored retail store portfolio 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 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.

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 has advised Helmes on its acquisition of Lithuanian software developer TeleSoftas.

Sorainen has advised Tewox on the acquisition of the Dragunai shopping center in Klaipeda from Zabolis Partners. Motieka & Aduzevicius advised the sellers.

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.