Giedre Dailidenaite, Partner at Primus Derling in Vilnius, says the recent news in the Lithuanian legal community involves FinTech regulations, “in particular involving the difficulties FinTech businesses are facing with anti-money laundering and data protection issues.”

Motieka & Audzevicius has assisted 70 Ventures, UAV, with the preparation of its investment funds using the Accelerator Fund of Lithuania's Ministry of Economy and Innovation.

Primus Derling has advised Polish feature phone manufacturer Maxcom SA on its EUR 280,000 acquisition of 20.15% of Rubbee, a Lithuanian manufacturer of electric bicycle drives.

Sorainen has successfully represented the insolvent credit union Taupkase (under the administration of Klaipedos Administratoriu Biuras) in a dispute with employees over the amount of downtime pay and termination compensation they are due.

Walless has advised Affidea on the acquisition of UAB Medicinos Paslaugu Grupe from the LitCapital I KUB fund. TGS Baltic advised the sellers.

Sorainen has successfully represented the insolvent credit union Taupkase (under the administration of Klaipedos Administratoriu Biuras) in a case regarding whether a share can be recognized as a deposit.

The Dispute Resolution team of Lithuania's Motieka & Audzevicius has successfully represented Lithuanian deposit system manager Uzstato Sistemos Administratorius before Lithuania's court of appeals.

Walless has helped Vilniaus Baldai get a parallel loan of EUR 37.8 million from the EBRD and AS Citadele Banka's Lithuanian branch. Cobalt advised the lenders on the deal.

Primus Derling has successfully represented founders of PriceOn in a dispute before the Supreme Court of Lithuania.

Primus Derling has assisted the SBA Furniture Group in the acquisition of 80% shares in Robotex, a specialized robotics and production automation solutions company.

Cobalt Lithuania has advised KJK Sports on its acquisition of 100% of the shares of Baltic Bicycle Trade UAB from Denmark's Asgaard A/S and Lithuania's Litcapital I. TGS Baltic advised Asgaard and Litcapital I on the sale, which remains contingent on competition clearance and is expected to close in the third quarter of 2019. 

Ellex Valiunas has advised US private equity company Hammond, Kennedy, Whitney & Company, HKW, and its affiliated company Xirgo Technologies on their acquisition of a 100% stake in Baltic Car Equipment, a Lithuanian company which manufactures electronic equipment and develops IT solutions for transport and agricultural machinery.

Dentons has advised CEE hotel group Orbis on the separation of its real estate ownership from its service business and the subsequent sale of its service business to the Accor hotel group. Weil advised Accor on the deal. Ellex Valiunas also provided unspecified advice to Orbis on the deal.

Sorainen and Mannheimer Swartling have advised telecommunication company Bite on its agreement with Tele2 to create a shared radio access network in Lithuania and Latvia. TGS Baltic and Vinge advised Tele2.According to Sorainen, the partnership is expected to boost the 5G network development process and benefit for the development of modern economies in Latvia and Lithuania. It will also enable companies to increase service quality for their clients by offering a wider, stronger network and optimizing each party’s network infrastructure maintenance and development costs.

Head of Competition Law Rasa Zasciurinskaite has become the 13th partner and Head of Commercial Disputes Marius Inta has become the 3rd Associate Partner at Cobalt in Lithuania.

Walless has helped Lithuania's UAB General Financing obtain a specialized bank license from the European Central Bank.

Dentons and TGS Baltic have advised the Republic of Lithuania on the issuance of EUR 650 million 0.500% Notes due 2029 and EUR 850 million 1.625% Notes due 2049. BNP Paribas and J.P. Morgan were the Joint Lead Managers on the issuance. Freshfields Bruckhaus Deringer was international counsel and Sorainen acted as Lithuanian counsel to the underwriters.

Cobalt has advised UAB Veju Spektras, a company managing 21.5 MW wind farm in Silute, Lithuania, on the sale of 100% of its shares to Quaero European Infrastructure Fund, managed by the Swiss company Quaero Capital.