Sorainen has advised Invalda INVL on the EUR 40.2 million merger agreement with Siauliu Bankas for the merger of both companies' retail businesses. 

The corporate and M&A practice of Ilaw Lextal has been very busy working on employee option share investment schemes and overall transactional work, primarily driven by and likely to increase due to rising inflation and interest rates, according to Partner and practice Head Dziuginta Balciune.

While Lithuania is registering an overall slowdown in M&A transactions, the renewables, technology, and healthcare sectors remain dynamic, according to Ellex Partner Ruta Armone.

TGS Baltic has assisted Orion Wealth in obtaining a financial brokerage firm category C license in Lithuania.

Sorainen has advised Litilit on its series A investment round. Ellex advised Taiwania Capital on its EUR 3.5 million investment. Walless advised existing investor Iron Wolf Capital on a further EUR 200,000 participation.

Cobalt, working with Wiersholm, has advised Visma on the sale of its Custom Solutions business to CVC Capital Partners. Ellex, working with Schjodt and Freshfields, advised the buyer.

Sorainen has advised the Green Landscaping Group on its acquisition of Stebule from Stanislovas Tamulevicius. Glimstedt reportedly advised Tamulevicius on the sale.

Sorainen has advised Deutsche Bank and JP Morgan on the Republic of Lithuania’s EUR 1.2 billion international capital markets bond issuance. TGS Baltic and, reportedly, Dentons advised the Republic of Lithuania.

Motieka & Audzevicius has successfully represented Kauno Energija before Lithuania’s Supreme Administrative Court in a dispute with the State Energy Regulatory Council.

Deloitte Legal has advised Van Oord Dredging and Marine Contractors on its successful bid in a tender for a capital dredging works project in Klaipeda Port.

Cobalt has advised LHV Asset Management and LHV pension funds on their financing for the share buyout of the Dimedium Group. Ellex advised Dimedium.

Sorainen and Cobalt have successfully represented buyer UAB Mezon and seller Lietuvos Radijo ir Televizijos Centras, respectively, before the Supreme Administrative Court of Lithuania in a dispute against Telia Lietuva over the transfer of frequencies together with the sold Mezon business.

Sorainen has advised the INVL Baltic Sea Growth Fund on its investment in LuxVet through INVL portfolio company MiniVet. DLA Piper’s Luxembourg office reportedly advised the INVL Baltic Sea Growth Fund as well.

Cobalt has advised British venture capital fund Piton Capital on investing in Lithuanian car parts trading start-up Ovoko. Noor reportedly advised Ovoko on the investment.

Former AAA Law Partner Jonas Sakalauskas and AAA Law Attorney-at-Law Vaidas Rakauskas have joined Averus as a Partner and an Associate Partner, respectively.

Andersen Global has entered into a collaboration agreement for the Baltic region with Lextal Legal, adding three locations to its existing network: Lextal in Estonia, RER Lextal in Latvia, and iLaw Lextal in Lithuania.

TGS Baltic has advised InMedica on its acquisition of the Vilnius Implantology Center Clinic from the OP Group. Walless advised the seller.

Ellex has advised Bigbank on its EUR 20 million issuance of subordinated bonds.