The past two years have brought about tectonic shifts across all industries, business sectors, and economies. Adapting to the ever-changing concept of a “new normal” became an everyday task, and law firms were no exception. Motieka & Audzevicius Partner Rokas Jankus, iLaw Lextal Managing Partner Tomas Bagdanskis, and Sorainen Managing Partner Laimonas Skibarka share how Baltic firms have managed to hold their own in these challenging times.

The war in Ukraine has irrevocably altered the face of Europe, and legislative landscapes are no exception. iLaw Lextal Partner Jolanta Liukaityte-Stoniene, Motieka & Audzevicius Partner Rimantas Daujotas, and Fort Legal Partner Ruta Radzeviciute-Meizeraite focus on the legislative updates in Lithuania.

Sorainen has provided pro bono advice to Local Ocean on intellectual property matters related to its development of sustainable and eco-friendly farming technology for growing high-quality shrimp.

Cobalt has advised the shareholder of the SBS Group on the sale of the company to Monnoyeur subsidiary Arkance.

Adon Legal has advised subsidiaries of the Galio and NDX groups on a EUR 53 million refinancing from the SEB Group for their recently acquired retail portfolio including 17 stores, with Maxima and Ermitazas as the main tenants.

Sorainen has advised the Titanium Baltic Real Estate fund on its acquisition of a Vilnius building housing Avia Solutions Group's headquarters. Motieka & Audzevicius advised Avia Solutions Group company AviaAM Leasing Service Centre on the share sale and leaseback transaction.

Triniti Jurex has become the legal advisor of the Health Tech Accelerator in Lithuania.

Triniti Jurex has announced the appointment of Karolina Laurynaite and Evaldas Pocevicius as Partners, while Gintare Ivanauskaite and Akvile Buzinskaite have been appointed as Associate Partners at the firm.

Cobalt has successfully represented UAB Grifs before the Competition Council of Lithuania in an investigation concerning potential market-sharing agreements. 

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.