Cobalt has advised Lithuanian company LF Property on the sale of the Gostauto 40 business center in Vilnius to UAB AJ Projektai. CEE Attorneys reportedly advised UAB AJ Projektai on the deal.

Cobalt has advised the shareholders of Danpower Baltic on the sale of 50% of their shares to French renewable energy group Idex — a subsidiary of  Antin Infrastructure Partners. Idex bought another 40% of Danpower Baltic shares from UAB GECO Investicijos, which retains its 10% stake in the company. Triniti advised Idex on the deal.

Former Wolf Theiss Poland Co-Managing Partner Ron Given has joined Deloitte Legal as its CE Senior Legal Counsel, responsible for all of the firm’s offices in 19 Central and Eastern European countries.

Sorainen has advised Baltic Mill, a Baltic grain processing group, on its issuance of a two-year bond with a total value of EUR 3 million that was organized by Siauliu Bankas.

Sorainen has successfully represented Valdas Sarunas, a former manager of Lithuania's Kedainiu Aruodai grain collecting company, in the Lithuanian Court of Appeal, which upheld a first instance ruling in a case concerning damages related to company losses.

Walless has helped AS Inbank obtain authorization from the Bank of Lithuania to establish a bank branch and provide financial services in Lithuania.

Although the General Data Protection Regulation 216/679 (the GDPR) has been in force for more than a year, the concept of data protection by design (Art. 25) is still largely underestimated and insufficiently implemented into software products and their development processes in Lithuania. Developers of data-rich technologies still disregard or misinterpret this duty despite its business benefits. This is especially true for new technological products which strive for steady and continuous increase in user numbers but lose their grip with user privacy on the way.

Sorainen's Estonian and Lithuanian offices have advised Nordea Bank and DNB on financing they provided to the Luminor Group to develop Luminor’s lending activities and group liquidity buffers and to refinance existing debt. Cobalt advised Luminor on the deal.

PwC Legal has advised Baltic cinema operator Forum Cinemas OU on its cross-border merger with SIA Forum Cinemas and UAB Forum Cinemas, Finnkino OY’s companies in Latvia and Lithuania.

Sorainen is set to participate at a strategic partner in the Wise Guys Fintech 3 Accelerator program in Vilnius.

Primus Derling has advised GrECo International Holding AG on the acquisition of an 80% stake in Uzdaroji Akcine Draudimo Brokeriu Bendrove Sagaut, an insurance and reinsurance brokerage company operating in Lithuania. SPC Legal reportedly advised Sagaut on the deal.

Sorainen has helped CBI Money obtain an e-money license from the Bank of Lithuania.

Sorainen has advised the Baltic Horizon Fund on private placements of fund units, which raised a total of EUR 16.5 million.

Walless has helped Revolut Payments UAB get on the Bank of Lithuania's official List of Insurance Brokers, allowing Revolut to engage in insurance distribution activities.

TGS Baltic has advised Schage Eiendom AS on its EUR 156 million sale of the Quadrum Business City in Vilnius to German real estate manager Deka Immobilien. Deka Immobilien was advised by Sorainen on the deal, which is expected to close within two months, subject to competition authority approval.

Pohla & Hallmagi, Merkants, and Proventus Law have advised the shareholders of Nortire OU on the sale of 100% shares of the company to Global Rubber Industries Ltd. TGS Baltic reportedly advised GRI on the acquisition.

Sorainen has helped money transfer platform Opal Transfer obtain an electronic money institution license in Lithuania.

Ellex Valiunas has advised US financial services firm Moody's on a lease agreement with the SBA Group for office space in the Green Hall 3, a class A building developed by Urban Inventors in Vilnius. The agreement is for approximately 1,600 square meters. Sorainen reportedly advised SBA on the deal.