Fri, Apr
22 New Articles

In recent years, blockchain technology has offered the business world a variety of new and innovative ways to improve and grow. Starting with initial coin offerings, blockchain technology has found its way into the financial services industry and many other fields of business in Lithuania. The trend of “asset tokenization” has recently become popular among companies seeking to adopt innovative modern technologies and create novel ways to apply blockchain technology when doing business. However, as convenient and simple as it may seem, asset tokenization is an extremely complicated business model, challenging not only the traditional approaches to the sale and purchase of assets, but also raising questions about the relevance of applicable laws and regulations currently in effect.

Sorainen Vilnius has advised venture capital fund Open Circle Capital on its EUR 400,000 investment, made with the Blue Bridge Group's managing company, into Blue Bridge Group member and CRM solutions developer Teamgate. Primus advised Blue Bridge group in the deal.

The Derling law firm in Estonia and Primus, Attorneys at Law, in Lithuania and Latvia have established a new pan-Baltic alliance, which operates in four offices across the three Baltic countries as Derling Primus in Estonia and Primus Derling in Latvia and Lithuania.

The Riga and Vilnius members of the former Derling alliance in the Baltics ⎯ Kronbergs Cukste and Dominas, respectively ⎯ have replaced the former Estonian member of the alliance, the Derling law firm, with Glikman Alvin, and have rebranded as the Levin Law alliance, which they describe as "a new force in the Baltics using the combined strength of established firms."