Ellex has advised telecommunications infrastructure company Baltic Rezo on a EUR 30 million loan from SEB Bank.

Walless has advised Siauliu Bankas on its EUR 50 million issuance of ten-year subordinated bonds in international financial markets.

Walless has advised Ignitis Renewables on the acquisition agreement for a wind farm in Kelme, Lithuania, with developer E Energija. Cobalt advised E Energija.

The due performance of obligations in Lithuania may be secured by various security instruments. Pledge, mortgage, and financial collaterals all create a right in rem for the creditor, i.e., such a security, upon due perfection, becomes enforceable against third parties and withstands bankruptcy, reorganization, and similar procedures of the security provider. Other types of collateral, such as default interest, surety, guarantee, deposits, and other instruments agreed by the parties terminate immediately upon bankruptcy, reorganization, or similar procedures of the security provider.

Cobalt has advised AS Toode majority shareholder Amber Trust II SCA on the sale of its shares to Kingspan Group company Joris Ide NV.

Motieka & Audzevicius, working with Faegre Drinker Biddle & Reath, has advised the shareholders of Anderson Optimization on the sale of the company to PVcase. Sorainen and Gunderson Dettmer reportedly advised PVcase.

Ausra Surviliene has joined Ellex Valiunas to develop the Wealth Management & Private Clients practice as Head of the firm's Family Office.

Motieka & Audzevicius has advised BaltCap Growth Fund and IAM PetCare Growth Fund joint venture Vet Ventures Europe on its strategic investment into UAB Jakovo Veterinarijos Centras. Leximum reportedly advised the sellers.

Dentons has advised the Republic of Lithuania on the issuance of EUR 1.25 billion 3.875% Notes due 2033, pursuant to the Republic of Lithuania's Euro Medium Term Note Program. Reportedly, TGS Baltic advised the Republic of Lithuania as well while Freshfields Bruckhaus Deringer and Sorainen advised the underwriters.

Dentons has advised Lithuanian-headquartered energy company Ignitis Grupe on financing from MUFG Bank. Reportedly, TGS Baltic advised Ignitis Grupe as well.

Dentons advised Lithuanian-headquartered energy company Ignitis Grupe on financing from Citibank. Reportedly, TGS Baltic advised Ignitis Grupe as well.

Cobalt has successfully represented Polish cereals seller Diaspolis in a dispute over purchased organic buckwheat deemed of poor quality.

On June 7, 2023, the Arbitration Association of Central and Eastern Europe – ArbCEE – was officially launched in Bratislava.

Ellex has advised official Mercedes-Benz representative Veho Lietuva on its acquisition of Lithuanian auto body repair company Auto Bodyshop. The Juridiniai Sprendimai law office advised UAB Vitvela on the sale. 

Lithuania may find itself in economic turmoil, but it is also experiencing strong political unity in the face of the war in Ukraine, according to Motieka & Audzevicius litigation Partner Justinas Jarusevicius.

Lauras Butkevicius has joined Ellex’s Lithuanian office as a Partner.

Cobalt has advised the Adampolis Group on becoming the official representative of MAN Truck and Bus SE in Finland by acquiring the MAN Truck & Bus Finland business from K-Auto.

Contributed by Averus.