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Sorainen has advised Alfa Bank on debt recovery efforts against Lithuanian businessman Vidmantas Kucinskas, as well as identifying possibly illegal acts by Kucinskas, who is suspected of financial fraud and was detained when crossing the border between Slovenia and Croatia on July 15, 2020.

Sorainen has successfully defended the interests of the Union of Lithuanian Journalists and other journalists in a case investigated by Lithuania’s Supreme Administrative Court regarding defense of that country's constitutional right to receive, collect, and share information.

Lawyers from Deloitte Legal's Lithuanian and Estonian offices have advised Lonas UAB, a manufacturer of mattresses and beds, on its acquisition of Estonia's Dreamland Home OU, a retailer and wholesaler of bedroom products, from ITIS Holding OU. Kaevando & Partnerid advised the sellers on the deal.

Sorainen has advised the Bite Group on a EUR 700 million bond issuance and refinancing. Latham & Watkins and Ellex reportedly advised initial bond purchasers and mandated lead arrangers Citigroup Global Markets Limited, Deutsche Bank AG, London Branch, ING Bank N.V., London Branch, and UniCredit Bank AG.

TGS Baltic has appointed Estonian Partners Kadri Kallas and Leonid Tolstov, Latvian Managing Partner Ivars Grunte and Partner Andra Rubene, and Lithuanian Executive Partner Marius Matonis to the firm's board and has elected Lithuania Managing Partner Vilius Bernatonis as Chair of the Board.

TGS Baltic has successfully represented Valstybiniu Misku Uredija —Lithuania's state-owned enterprise responsible for the supervision, administration, and inventory of state forests that is also engaged in logging activities, trading timber, and planting — before the Supreme Court of Lithuania.

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?"

Lithuanian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.

 

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