Sorainen has advised Rgreen Invest on providing EUR 42 million in funding to the Green Genius renewable energy company to build eight solar projects with a total capacity of 65.7 megawatts in Lithuania.

Adon Legal has advised Lithuanian real estate developer Galio Group on receiving financing from Latvia's SEB Banka to complete the development of the Riga-based Gustavs Business Center.

Cobalt has advised Norwegian investment company EECP on its sale of a grocery-anchored retail store portfolio in Lithuania.

Saule Dagilyte has been appointed as the new Country Managing Partner of Sorainen's Lithuanian office on January 1, 2023. She takes over from Tomas Kontautas, who held the position since 2017.

Sorainen has advised Orion Leasing on signing a EUR 52.8 million guarantee agreement with the European Investment Fund under the InvestEU program for financing Lithuanian companies.

On December 29, 2022, Sorainen announced that INVL Baltic Sea Growth Fund’s acquisition of Nemunas and Egles Sanatorija (reported by CEE Legal Matters on June 13, 2022) had closed.

Cobalt has advised Helmes on its acquisition of Lithuanian software developer TeleSoftas.

Sorainen has advised Tewox on the acquisition of the Dragunai shopping center in Klaipeda from Zabolis Partners. Motieka & Audzevicius advised the sellers.

In Lithuania, M&A transactions are up, litigation procedures are down, and the Competition Council has been handing out hefty fines for cartel infringements, according to Triniti Jurex Managing Partner Vilija Viesunaite.

Sorainen has advised Ignitis Group subsidiary Ignitis Renewables on its acquisition of an onshore wind farm in the Plunge region, Lithuania. Roedl & Partner advised the developer's shareholders on the sale of the development company.

Cobalt, working with DLA Piper, has advised the HKScan corporation on the sale of its Baltic subsidiaries to the Maag Grupp. Ellex advised the buyer.

Sorainen has advised Encavis on its acquisition of a 69.3-megawatt onshore wind farm in Lithuania. Cobalt reportedly advised the sellers.

Sorainen has advised PR and communications firm Rud Pedersen Group on its acquisition of the Meta Advisory Group.

Cobalt has successfully represented security services company UAB Grifs before a first-instance court and the Lithuanian Court of Appeal in a dispute regarding the company's alleged failure to properly perform its obligations toward a client.

Sorainen has advised the Luminor Bank on Siauliu Bankas’ EUR 85 million issuance of restricted senior preferred notes. TGS Baltic advised Siauliu Bankas.

Sorainen has advised Laba7 on a EUR 640,000 investment from the Coinvest Capital fund in cooperation with 44 members of the Lithuanian Business Angel Network LitBAN community. TGS Baltic advised Coinvest Capital.

Cobalt has advised Taba Invest on the development project for a 3.3-hectare area on the left bank of the river Nemunas in Kaunas through a joint venture with the SBA Group. Ellex advised the SBA Group.

Ellex and Wardynski & Partners, working with Thommessen, have advised Hampidjan on its acquisition of the Morenot Group from FSN Capital Partners. Norway's Haavind and Iceland's BBA Fjeldco advised FSN Capital.