Sorainen has helped E4F Money obtain an electronic money institution license in Lithuania.
Although the coronavirus has effected the Baltics like everyone else, Sorainen Country Managing Partner for Lithuania Tomas Kontautas says, it hasn’t, at least in the short term, resulted in any slow down in work, and he reports that commercial lawyers in Lithuania are “not only busy – but much busier than normal” in the week and a half since the country’s borders were closed on March 16, 2020. “There’s been a lot of activity on hotlines, and lots of questions for law firms,” he reports, “both in contract performance and employment matters, and in many other areas as well.”
Motieka & Audzevicius has helped Nandi Finance obtain an electronic money institution license from the Bank of Lithuania.
Sweden's Per Magnusson, the co-founder of the Magnusson law firm, which has offices in seven countries — including four in CEE — has left the firm to launch an advisory business in Stockholm.
Contributed by Cobalt
TGS Baltic has successfully represented Orlen Lietuva before the Court of Appeal of Lithuania in a dispute regarding Polocktransneft Druzhba's claim for damages of over USD 70 million.
Former Senior Associates Alina Makovska and Akvile Mackay have been promoted to Associate Partner at Walless.
SPC Legal has successfully represented the non-profit Baltic Environmental Forum in Vilnius' Administrative Court in its claim that the State Service for Protected Areas unlawfully suspended the expansion of Lithuania's Punia pinewood reserve.
Sorainen has successfully defended HR solutions provider Amston before the Equal Opportunities Ombudsperson in Lithuania.
Sorainen has advised Autoukis NT on the sale of a complex of buildings in Vilnius to a company controlled by Hanner Group.
Pohla & Hallmagi has advised Norway's Selvaag Eastern European Development Fund OU on the sale of its 100% shareholding in its LIthuanian subsidiary, UAB Parkavimo Paslaugos, to UAB Baltexpro.
Ellex Valiunas has advised Fan19 on its acquisition of 100% of shares of Engagecraft. Cobalt advised the unidentified seller on the deal, and financial details were not disclosed.
Walless has advised Tadas Bulotas on the sale of Lithuania's BBaltics sports agency to the Wasserman sports agency.
Ilyashev & Partners Law Firm successfully protected the interests of Ukrainian manufacturers and members of the Ukrainian Autoclaved Aerated Concrete Producers Association in an anti-dumping investigation related to imports of gas-concrete blocks originating in the Republic of Belarus.
PwC Legal has advised IBSA Group on the acquisition of its long-term distributor on the Czech market, IBI spol. s r.o. IBI was advised by Solo Practitioners Violeta Jirackova and Rostislav Zak.
Dmitry Churin, Head of the Corporate practice at Capital Legal Services, has been promoted to Partner at the firm.
Ellex Valiunas has advised Edenred SA on its acquisition of a 60% stake in Lithuania's EBV Finance. The acquisition also included EBV Finance subsidiaries in Bulgaria, Poland, Romania, Spain and Estonia. Penkov Markov & Partners advised Edenred in Bulgaria, as did Wardynski & Partners in Poland, Nestor Nestor Diculescu Kingston Petersen in Romania, and Uria Menendez in Spain.
Sorainen has advised Credit Suisse on matters of Latvian and Lithuanian law related to its EUR 27 million loan to Amber Beverage Group, an international producer and distributor of alcoholic beverages.