Aurelija Rutkauskaite has been promoted to Partner and Head of Data Protection & TMT at Triniti in Lithuania.
Walless has advised the Baltic Horizon Fund on its EUR 20.7 million acquisition of the North Star business center in Lithuania from the UAB Prosperus Strategic RE Fund. Cobalt reportedly advised the Prosperus Strategic RE Fund on the deal.
Sorainen has helped DappRadar, a Lithuanian platform for discovering and analyzing blockchain-based decentralized applications, raise USD 2.33 million in seed funding from Naspers (through its Naspers Ventures division), Blockchain.com Ventures, and Angel Invest Berlin. TGS Baltic advised Naspers on the investment.
Ellex Valiunas has represented Norwegian real estate investment company EECP on a EUR 40.5 million loan granted by Luminor that EECP will use to refinance the ten premises where Maxima stores are currently located.
“The Lithuanian legal market is really in a good moment,” says Cobalt Managing Partner Irmantas Norkus.
Walless has helped the SumUp Group set up a subsidiary in Lithuania and obtain an electronic money license for it.
TGS Baltic has advised KS Investicija on the sale of 45% of newly-issued shares in UAB VK Investicija to Swiss investor Marquess Global AG. VK Investicija is a holding company of AB Sparta, a former textile manufacturing company KS Investicija acquired in 2018. Sorainen advised Marquees Global on the deal.
Averus has advised the bankruptcy administrator of BUAB Lietuvos Juru Laivininkyste on the successful completion of bankruptcy procedures and the removal of the company from the Register of Legal Entities.
Walless has successfully advised Litvalda during the merger clearance procedure related to its acquisition of sole control of 13 companies in the real estate rental market.
Sorainen has advised Inion on the investment into the company of EUR 50,000 by Contrarian Ventures, a smart energy venture fund powered by Lietuvos Energija.
Sorainen has successfully represented the Luksiu Pienine milk producer in a dispute with another Lithuanian milk processor over alleged unfair competition and trademark infringement.
SPC Legal has advised East Capital Investment on the sale of an unidentified piece of real estate in Lithuania to a group of unidentified buyers. The buyers were represented by Relegal.
The Vilnius office of TGS Baltic has advised the AB Avia Solutions Group on its merger with its subsidiary in Cyprus.
Walless provided Lithuanian counsel and Israel's Barnea Jaffa Lande & Co. was lead counsel to BLender P2P Israel Ltd on its generation of a total of USD 22 million in debt financing from Eiffel Investment Group SAS and equity investment by Asia Plus Group Holdings PCL, Blumberg Capital, and the Aviv Group. Glimstedt advised Eiffel on the debt financing.
Fort has advised EfTEN Real Estate Fund 4 on its acquisition of the shares of the company managing the River Mall shopping center and the newly-constructed River Hall business center in Kaunas, Lithuania, from a member of the Sirin group.
Walless has advised Revolut on a lease agreement with Norway's Schage group of companies in Vilnius's Quadrum Business City. TGS Baltic reportedly advised Schage on the deal.
Walless has helped Simplex obtain an e-money license from the Bank of Lithuania.
Adon Legal has helped UAB Kredito Partneris set up business operations and be placed on the list of lenders with the Bank of Lithuania.