Sorainen has advised the Vienna Insurance Group on consolidating the businesses of its group non-life insurance companies Compensa and Seesam in Lithuania, Latvia, and Estonia. 

Sorainen has advised the real estate development company Darnu Group on the sale of the 15,000 square meter East Hill building in Vilnius's Park Town business center to an investment company jointly owned by the Zenith Family Office and the Dao Family Office. Walless advised the buyers on the transaction.

For our new “Checking In” feature, we reach out to partners and heads of practice across CEE to learn how specific practice areas are faring in their jurisdictions. For this inaugural piece, we asked firm Real Estate experts: "What effect do you think the COVID-19 crisis will have on the real estate market in your jurisdiction this year, and what do think will be the longer-term repercussions?"

Sorainen has advised Koinvesticinis Fondas on the investment, made along with three business angels, of EUR 100,000 in Lithuanian startup Cogastro, which has developed the world’s first computer program for insect farm monitoring and management. 

It is with great pleasure that we announce the 2019 CEE Deal of the Year Award winners – the most important, complicated, significant, and valuable deals across Central and Eastern Europe.

Sorainen has assisted the Kino Pavasaris Vilnius International Film Festival with the removal of counterfeit copies of the Oscar-winning movie “Parasite” from illegal torrent sites in Lithuania.

Cobalt has advised Western Union Processing Lithuania on its lease of more than 15,000 square meters of office space from Finland's Technopolis real estate investment and management company, which was advised by Sorainen.

Sorainen has advised electronic money institution Verse Payments Lithuania on its acquisition by Square, an electronic payment and financial services company headquartered in San Francisco and listed on the New York Stock Exchange. Walless advised Square.

Walless has helped the Ambr Group’s set up a Lithuanian subsidiary — Ambr Payments UAB — and obtain an electronic money license from the Bank of Lithuania to issue electronic money and provide payment services.

Ellex Valiunas has persuaded the Supreme Court of Lithuania to rule that the Kaunas City Municipality may continue centralizing food purchases for pre-school education institutions.

TGS Baltic has advised venture capital fund Koinvesticinis Fondas and four other business angels on their investment of EUR 210,000 in Lithuanian start-up Funkciniai Gerimai. Cerniauskas & Partners reportedly advised Funkciniai Gerimai on the deal, while Glimstedt advised the business angels investing.

Ellex Valiunas has advised Quaero European Infrastructure Fund II on the acquisition of 100% of shares in UAB Duomenu Logistikos Centras from energy company Ignitis Group and Litgrid. TGS Baltic advised the sellers on the transaction, which is due to close in July and was valued at EUR 10.1 million.

Sorainen has successfully defended the interests of racing organizer NASCAR in disputes involving the registration of the company's trademark in Lithuania, Latvia, and Estonia.

Cobalt has advised APX on an unspecified pre-seed investment in Haslle.

Sorainen has advised venture capital fund Open Circle Capital on an unspecified investment in Lithuanian marketing startup Billo. SPC Legal advised Billo on the deal.

Agne Jonaityte has joined Primus Derling as Head of the firm's Lithuanian Banking & Finance practice.

On May 28, 2020, CEE Legal Matters reported that Cobalt had advised Lithuania's AB Lietuvos Radijo ir Televizijos Centras - Telecentras on the sale of its data transmission and digital television business developed under the Mezon brand to the Bite Group. We spoke Aida Raziulyte, General Counsel of Telecentras, to learn more about the deal.

 “The Lithuanian Government has implemented multiple measures to combat the COVID-19 crisis,” says Rokas Bukauskas, Head of PwC Legal in Lithuania. “It all started with postponing tax payments from the companies which were affected the most, then went on to providing compensation to employees and other measures."