Lithuania’s government has been active in constantly improving the business environment from a legal and tax perspective during the past several years, according to Triniti Partner Giedre Ciuladiene. With the recent change of the government in 2024, adjustments are expected in investment and tax policies, with potential effects on private equity, venture capital, stock options, and legal work around restructuring and deals.

Walless has advised Milgard Capital on obtaining a license from the Bank of Lithuania to operate as a manager of Collective Investment Undertakings for informed investors.

Widen, working with Mason Hayes & Curran, has advised Stp.One on its acquisition of Amberlo. Noor advised the selling shareholders of Amberlo.

Walless has advised joint lead managers Citigroup Global Markets Europe, ING Bank, and Skandinaviska Enskilda Banken on Akropolis Group’s EUR 350 million green bond offering. TGS Baltic advised Akropolis Group.

Big law firms can coast on boring slogans. They’ve got the clout, the infrastructure, and the impressive list of past clients to do the talking. But if you’re a smaller firm and your website sounds like everyone else’s, you are disappearing into the beige background of legal marketing noise.

Walless has advised Lithuanian biotech startup Vugene on its EUR 1 million investment round led by Superhero Capital, with participation from NGL Ventures, Coinvest Capital, and a syndicate of angel investors. TGS Baltic reportedly advised Superhero Capital and Coinvest Capital.

TGS Baltic has advised Vilniaus Prekyba on the sale of its subsidiary Delano to Defood.

The European Accessibility Act (EAA), approved in 2019, takes effect on June 28, 2025. The Act requires a wide range of products and services – such as consumer electronics, vending machines, websites, and mobile apps – to meet accessibility standards for people with disabilities.

Sorainen has advised Eiffel Investment Group on a EUR 20 million debt financing provided by the Eiffel Energy Transition III fund to Envolve Capital.

Ellex has advised Nordic Solar on securing EUR 24.15 million in financing from Swedbank for the completion of its 80-megawatt photovoltaic park in the Svencionys district in Lithuania. 

Sorainen has successfully represented the Nordcurrent Group before the Court of Justice of the European Union in a case that clarified the application of dividend tax exemption rules. 

TGS Baltic has advised a Sutntib Tewox subsidiary on its acquisition of two Lidl store buildings from Lidl Lietuva through a leaseback transaction.

On the evening of April 1, 2025, the Deal of the Year Awards Banquet brought together, under the same roof, over 200 top-tier lawyers from Central and Eastern Europe's leading law firms and General Counsel from across the region in Prague.

The private healthcare sector across CEE has been expanding at a remarkable pace, reshaping the way people access and experience medical care.

The Markets in Crypto-Assets Regulation (MiCAR) has just been launched, and this brings big changes for crypto-asset markets in the European Union. MiCAR applies to both crypto-asset service providers (CASPs) and crypto-asset issuers, but it focuses mainly on CASPs due to the higher risks involved with their activities. Each EU member state has the option to set its own transition periods for implementing the CASP regulations.

Walless, working with Wachtell, Lipton, Rosen & Katz, has advised Triumph Financial on the acquisition of Greenscreens.ai via a transaction valued at USD 160 million.

Walless, working with Gernandt & Danielsson, has advised ICA Gruppen on the sale of Rimi Baltic Group to Salling Group for EUR 1.3 billion. Sorainen reportedly advised Salling Group on the deal.

Addleshaw Goddard’s infrastructure and energy practice has been active across Central and Eastern Europe, with projects spanning battery storage, energy investments and motorways in Poland, disputes in Romania, and offshore wind development in Lithuania, according to Partner Marton Eorsi who highlights the growing necessity of private sector involvement in CEE, particularly in transport, energy transition, and urban mobility.