Sorainen’s cloud-based legal practice management spin-off Crespect has received a EUR 227,000 innovative product development grant from the European Regional Development Fund and has also closed its EUR 605,000 seed investment round.

Adon Legal has advised the Galio Group on obtaining EUR 11 million in financing from the Citadele Bank for the development of a residential project in Vilnius.

Sorainen has represented Belor in a dispute with Arvi Fertis administrator Aurimas Valaitis – the Marijampole fertilizer company being in bankruptcy – for compensation of damages amounting to almost EUR 1.2 million.

As Lexpo – The Legal Innovation Event returns in 2023 after a three-year hiatus, showcasing the latest trends in legal innovation in Continental Europe, CEELM spoke with Dentons Europe Director of Innovation and Member of Lexpo's Advisory Board Andrea Miskolczi to gain an insight into the current state of technology and innovation in CEE, and what the event's attendees have to look forward to.

Radu Taracila Padurari Retevoescu and Walless, working with Allen & Overy, have advised the GreenGroup on its acquisition of Zalvaris from Koncernas Consus. PwC Legal advised Consus on the deal.

Soraienen has advised Vsquared Ventures on participating in the EUR 4.5 million seed investment round into Droplet Genomics.

Walless has advised Finnish financial technology company Saldo Bank – formerly Saldo Finance UAB – on the establishment of its banking operations in Lithuania. 

Former AAA Law Attorney Mantas Rimkevicius has joined Triniti Jurex as an Associate Partner.

Sorainen has advised MM Prekyba – operating under the Macadamia Nut Farm brand – on its sale of a 34% stake to Baltijos Biotechnologijos. Ellex Valiunas advised the buyer.

The real estate market in Lithuania is in flux, facing significant challenges and, at the same time, providing numerous opportunities to explore, according to Fort Legal Partner Ruta Radzeviciute-Meizeraite.

Adon Legal has advised Taiwanese capital company FinCause on obtaining an electronic money institution license from the Bank of Lithuania.

Sorainen has successfully represented Siauliu Plentas before the Supreme Court of Lithuania in a dispute related to the offset of contractual late interest with the Lithuanian Road Administration.

On March 9, 2023, TGS Baltic announced that InMedica’s acquisition of the Vilnius Implantology Center Clinic from the OP Group (reported by CEE Legal Matters on September 19, 2022) had closed.

Sorainen has successfully advised the receivership estate of EminiFX in recovering and repatriating approximately EUR 60 million in Bitcoin to the victims in an ongoing case where US authorities are targeting a crypto-related Ponzi-like scheme.

Motieka & Audzevicius has advised In Balance Grid on a EUR 1.3 million investment from EIT Urban Mobility, the Business Angels Fund, Civinity, and the Motieka Investment Fund. Primus advised the Business Angels Fund and other investors. TGS Baltic reportedly advised existing investor Contrarian Ventures.

The development of the regulation on whistleblower protection in Lithuania started prior to the Directive (EU) 2019/1937 (Directive) coming into force. The first edition of the Law on Protection of Whistleblowers of the Republic of Lithuania (the Law) was passed by the parliament on November 28, 2017, set to enter into force on January 1, 2019. This took place mainly because of OECD insistence on the adoption of the Law prior to Lithuania’s accession to the OECD.

An in-depth look at Eugenija Sutkiene of TGS Baltic covering her career path, education, and top projects as a lawyer as well as a few insights about her as a manager at work and as a person outside the office.

Lithuania had the rules regarding FDI control in place before Regulation (EU) 2019/452 establishing a framework for the screening of foreign direct investments into the Union of March 19, 2019, was adopted. However, the regulation has contributed to a speedier increase in the awareness and development of FDI screening.