Tue, Dec
49 New Articles

Ellex Valiunas has advised E Energija group company Kogeneracija on the sale of 100% of shares in Miesto Energija and Pramones Energija and a 4,34% stake in Klaipedos Energija to Vilniaus Silumos Tinklai. TGS Baltic reportedly advised the buyer.

Many might be surprised these days, but when Lithuania joined the EU in 2004, it was an electricity exporter, producing more energy than it consumed. The Ignalina Nuclear Power Plant was operational, and Lithuanian consumers were unaware of potential concerns over electricity prices.

The regulatory framework of the Lithuanian labor market underwent several important updates. Most of these developments are concerned with regulating labor migration.

Lithuania’s intellectual property (IP) market is active in the area of trademarks and copyright, with businesses and creators starting to understand the value of IP protection. This trend does not yet extend to patents, but trade secrets are a highly litigated area, and their protection is broader than ever.

TGS Baltic, working with Oppenhoff, has advised Hawesko on its partnership with the Dunker Group through the acquisition of 50% of Dunker Group's shares. Triniti advised Arkastro OU, the holding company of Dunker Group founder Arvo Kask, who sold his stake to Hawesko.

TGS Baltic has advised Lithuanian cyber security tech unicorn Nord Security on attracting a USD 100 million investment from US private equity group Warburg Pincus. Sorainen reportedly worked with Kirkland & Ellis and De Brauw Blackstone Westbroek to advise Warburg Pincus.

More than two years ago, in April 2021, the European Commission presented its long-awaited proposal to regulate the use of artificial intelligence (AI) in Europe. AI is a rapidly developing group of technologies. Today, there is little doubt that these technologies have the potential to bring (and are already bringing) enormous economic and societal benefits across a wide range of industries and social activities. However, in the absence of legal regulation, these technologies can also be abused, with particularly severe consequences for both individuals and society.

Noor and the Lithuanian Red Cross Society have executed a memorandum of cooperation based upon which Noor will provide continuous legal advisory and assistance to the Red Cross on various legal matters.