Sorainen has advised Barclays Group Operations Lithuania on the transfer of the Rise Vilnius startup hub to Swedbank.

Motieka & Audzevicius has advised Orion Private Equity Fund I on the acquisition of a stake in Lithuania's Alna Business Solutions, Alna Software, and DocLogix IT companies. Cobalt advised Alna Group, the seller.

Cobalt Vilnius has advised Interactio, a Lithuanian start-up that developed a smart interpretation system, on attracting an investment of EUR 435,000 from business angels and the Co-Investment Fund.

Marius Liatukas has been elected Managing Partner at Magnusson in Lithuania, taking over from Ligita Ramanauskaite, who managed the firm since 2010.

Eversheds Sutherland Ots & Co has advised Apax Partners and Media Investments & Holding OU on the acquisition of the Baltic Classifieds Group, a portfolio of online classified advertising platforms in the Baltics. The transaction is expected to close by July 2019.

Sorainen is advising AB NEO Finance on its public share offer, as well as on its entrance to the First North alternative securities market in Lithuania.

Sorainen has advised Volfas Engelman on the acquisition of shares in Lamate, a Lithuanian company engaged in the extraction of mineral water, and the completion of the construction of the Uniqa mineral water plant in Druskininkai, southern Lithuania.

Adon Legal has assisted UAB IBS Lithuania with the revision of its electronic money institution license.

Motieka & Audzevicius has advised YNOT Media on the acquisition of FCR Media Lietuva, the Lithuanian division of the FCR Media Group, a company owned by BaltCap which operates in the market of advertising services and business information dissemination through digital channels. SPC Legal advised the sellers on the deal.

Ellex Valiunas has assisted Baltic Sea Properties in obtaining a EUR 23.4 million refinancing loan from the Luminor bank to refinance 23 stores in Lithuania leased by the Norfa retail chain and logistics center.

Sorainen has successfully represented Topo Grupe in a trademark registration dispute.

Motieka & Audzevicius has advised 70 Ventures, UAB on the establishment of the 70 Ventures Accel and 70 Ventures Seed private equity funds. 70 Ventures, UAB was selected by INVEGA as the manager of the accelerator funds, which will provide training and investment for innovative start-ups.

Ellex Valiunas has advised global payment cards giant Visa on its indirect acquisition of 100% of the shares of UAB Earthport Payment Services, a payment institution licensed in Lithuania. 

On April 5, 2019 Arcliffe announced the opening of a Vilnius office, which will be headed by Partner and Coordinator Dainius Kenstavicius.

“There was a very big scandal few weeks ago that involved top Lithuanian judges getting detained in an anti-corruption crackdown,” says Metida Partner Erikas Saukalas, referring to the eight judges from the country’s Regional Court, Court of Appeal, and Supreme Court who were arrested at the end of February. The arrests were apparently made, Saukalas reports, following the discovery that the judges had accepted bribes ranging from EUR 1000-100,000 in criminal, civil, and administrative cases. Saukalas describes the case as “a huge disappointment for our society.” 

Cobalt has advised BaltCap on the sale of its 95% stake in Baltic-based Fitek Holding to the UnifiedPost Group, which was advised by Belgian law firm Quorum and Ellex Raidla.

Motieka & Audzevicius has advised Satalia on its acquisition of software and automatization solutions company Data Dog from entrepreneurs Domas Janickas, Marius Buzaitis, Gytis Koryzna, and Mindaugas Zickevicius. Rudzinskas & Partneriai advised the sellers.

Motieka & Audzevicius is reporting that it successfully represented JP Srbijagas in cross-border litigation before the Vilnius Regional Court in order to secure enforcement of two ICC and two VIAC awards.