Fort Legal has advised Eften Capital on its EUR 10 million investment in the construction of two nine-story multi-apartment buildings in Kaunas, together with the Etapas Group.

Walless has advised the Vilnius City Municipality Administration on a case concerning the legality of the termination of the Lazdynai swimming pool construction contract.

Cobalt has advised IBM in Estonia, Latvia, and Lithuania on the reorganization and separation of its managed infrastructure services business into Kyndryl, which will operate as an independent company.

Sorainen has advised Baltic Mill on a EUR 3 million issuance of two-year bonds. The bond issuance was organized by Siauliu Bankas.

TGS Baltic has successfully represented Siauliu Bankas in a dispute with the Bank of Lithuania regarding a sanction the central bank imposed for violations of legal acts regulating the prevention of money laundering and terrorist financing.

Cobalt has advised the shareholders of the Lithuanian Apotheca Vaistine pharmacy chain on its sale to Magnum. Eversheds Sutherland reportedly advised the buyer.

Cobalt has advised European Energy on the divestment of three Lithuanian wind farms with a total capacity of 185.5 megawatts.

Motieka & Audzevicius has successfully defended Olympic Casino Group Baltija before the Supreme Administrative Court of Lithuania.

Cobalt has advised Novian Group company Novian Systems on the acquisition of information systems and software developer Elsis PRO.

Walless has advised the Lithuanian Ministry of Energy and UAB Energy Cells on state aid clearance procedures regarding a EUR 100 million investment in energy storage facilities.

TGS Baltic has advised Lithuanian sports clothing manufacturer Audimas on separating its manufacturing and trading companies and on establishing a real estate management company.

Contributed by Cobalt.

Cobalt has advised Lithuanian financial technology start-up Kevin on raising USD 10 million in a seed funding round, co-lead by Global PayTech Ventures, OTB Ventures, and Speedinvest. TGS Baltic advised OTB Ventures and Speedinvest. Sorainen advised Global PayTech Ventures.

Sorainen has advised French asset manager Eiffel Investment Group on its EUR 20 million funding to renewable energy company Green Genius.

Although Lithuania cannot boast rich oil resources lying beneath its territory, a number of large oil industry facilities are successfully operating in the country. This suggests that Lithuania has sufficient technical capacity to import oil and petroleum products from various countries, as well as diverse and technically ensured possibilities of supplying petroleum products. Moreover, the country has secured the required amount of petroleum product state reserves, which affords protection against disruptions in their supply.

Shearman & Sterling and Sorainen have advised joint global coordinators and joint bookrunners Citigroup, Nordea, and Swedbank on Enefit Green's EUR 175 million Rule 144A / Regulation S initial public offering and listing on Nasdaq Tallinn. Cleary Gottlieb Steen & Hamilton and Ellex advised Enefit Green and its owner, Eesti Energia.

Sorainen has advised Lithuanian venture capital fund Open Circle Capital on investing in the Billo community marketing platform.

Sorainen has advised Lords LB Baltic Fund III on the sale of a shopping center in Marijampole, Lithuania, to Rivona. Triniti Jurex advised the buyer.