The initially planned major changes to the security interest regime in Lithuania, which would remove notarial certifications of mortgage/pledge, have not materialized. However, certain amendments to Lithuanian laws governing security interests will enter into force from January 1, 2022.
Marius Rindinas Makes Partner at SPC Legal
Former Associate Partner Marius Rindinas has been promoted to Partner at SPC Legal.
Giedre Ciuladiene and Arturas Vaisvila New Partners at Triniti Jurex, while Raminta Vilcinskaite and Olga Siomina Make Associate Partner
Triniti Jurex’ Giedre Ciuladiene and Arturas Vaisvila have become Partners, while Raminta Vilcinskaite and Olga Siomina have been promoted to Associate Partners with the firm.
The Buzz in Lithuania: Interview with Andrius Ivanauskas of Glimstedt
A booming economy – with some legislative updates hampering the smooth sailing of corporate operations – and frictions with China and Belarus are the key updates for Lithuania, according to Glimstedt Partner Andrius Ivanauskas.
Ruta Armone, Migle Petkeviciene, and Dovile Stancikaite Make Partner at Ellex in Lithuania
Ruta Armone, Migle Petkeviciene, and Dovile Stancikaite have been promoted to Partner at Ellex in Lithuania.
Karolis Smaliukas and Paulius Zapolskis Make Partner at TGS Baltic
Head of Public Procurement specialization group Karolis Smaliukas and Head of Energy Industry group Paulius Zapolskis have been promoted to Partner at TGS Baltic in Lithuania, as of January 1, 2022.
Sorainen Names Nine New Partners
Sorainen has promoted nine new Partners in three different countries. Estonia's Kaido Kunnapas and Katlin Krisak, Lithuania's Simonas Skukauskas, Monika Malisauskaite-Vaupsiene, Evaldas Dudonis, Kazimieras Karpickis, and Indre Sceponiene, and Belarus' Ann Laevskaya and Kirill Laptev have all joined the Sorainen partnership at the beginning of 2022.
Rokas Jankus and Edvinas Lenkauskas Make Partner at Motieka & Audzevicius
Rokas Jankus and Edvinas Lenkauskas have been promoted to Partner at Motieka & Audzevicius, as of January 1, 2022.
Real Estate Laws and Regulations in Lithuania
Contributed by ILAW Lextal.
Marius Matiukas Joins Adon Legal as Partner
Marius Matiukas has joined Adon Legal as Partner.
12 Recommendations to Consider Before Buying Real Estate in the Baltics
The real estate market in all three Baltic States is closely related and, although the legal systems vary a bit, buyers face the same or similar issues. Although important details concerning the purchase of real estate are brought forth in the sale contract drawn up by a notary (in Estonia and Lithuania) or attorney at law (in Latvia), in practice various nuances still tend to be left unattended.
Inside Out: Ignitis IPO
On September 28, 2020, CEE Legal Matters reported on state-owned Ignitis Group’s initial public offering and admission to the Vilnius and London stock exchanges. We spoke with Walless Partner Joana Baublyte-Kulviete to learn more about the offering.
Guest Editorial: Turning Crisis into Opportunity
In my career, I have lived through four crises. In 1991, when I started a legal business, there was a total economic collapse, with a shortage of the most basic essential goods – no furniture or computers, or even proper light bulbs for the office. Then there was the ‘Russian’ crisis of 2000, a crisis of foreign currency and the ruble. The one of 2008-2010 followed. And now we have the COVID-19 pandemic – perhaps not so much an economic crisis as one arising from a climate of uncertainty.
A New Era for Consumer Rights
Directive 2019/2161 of the European Parliament aims to ensure better enforcement and the modernization of EU consumer protection rules. The Omnibus directive is also known as the consumer GDPR because it sets forth hefty fines for infringements of the regulatory framework on consumer rights protection. The Omnibus directive must be transposed into the national legislation by November 28, 2021.
Cobalt Advises Novian Group on Acquisition of Elsis Pro
Cobalt has advised Novian Group company Novian Systems on the acquisition of information systems and software developer Elsis PRO.
Competition and Competition Litigation Laws and Regulations in Lithuania
Contributed by Cobalt.
Lithuania: Current Realities and Future Perspectives of the Oil & Gas Sector
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.
The Buzz in Lithuania: Interview with Giedrius Kolesnikovas of Motieka & Audzevicius
Political changes, COVID-19 challenges, a swath of investment activity, and a positive economic situation – Lithuania is truly buzzing, according to Motieka & Audzevicius Partner Giedrius Kolesnikovas.