Cobalt has advised Lithuanian venture capital fund management company Practica Capital on its investment in anti-money laundering start-up Amlyze.

Cobalt has advised the Baltic Horizon Fund on its agreement with ECRE IV (Lux) for the full sale of BH Duetto – the owner of the Duetto I and II office buildings in Vilnius, Lithuania.

Motieka & Audzevicius has announced that the firm is changing its brand for visual communication to Motieka, while keeping its team and legal structure intact.

Contributed by Walless.

Sorainen has advised BaltCap on its acquisition of a 70% stake in the Hansab Group. Cobalt advised Hansab's majority shareholders on the sale.

Former Senior Associates Audrius Slazinskas, Evaldas Petraitis, and Ruslan Boiko have been promoted to Associate Partners at Noor.

Walless has successfully represented KC Projektai before the Supreme Court of Lithuania in a state land lease agreement-related dispute.

Lithuania has never been among the leading countries in the field of energy from renewables. Dependence on imported electricity is still high, with just around 30% of electricity demand being produced locally. The installation of various power plants was slow and did not have a strong economic basis, with the main opportunities arising in wind and solar energy.

Sorainen has advised Bagfactory on its investment from Livonia Partners. TGS Baltic advised Livonia Partners.

Ellex has advised the EBRD on its EUR 38.23 million secured loan to Vilnius city municipality-owned public transport company Vilniaus Viesasis Transportas for the renewal of Vilnius public transport.

Former Rail Baltica Head of Litigation Karolis Gudas has returned to private practice to launch his eponymous Karolis Gudas Law Firm.

Sorainen’s cloud-based legal practice management spin-off Crespect has received a EUR 227,000 innovative product development grant from the European Regional Development Fund and has also closed its EUR 605,000 seed investment round.

Adon Legal has advised the Galio Group on obtaining EUR 11 million in financing from the Citadele Bank for the development of a residential project in Vilnius.

Sorainen has represented Belor in a dispute with Arvi Fertis administrator Aurimas Valaitis – the Marijampole fertilizer company being in bankruptcy – for compensation of damages amounting to almost EUR 1.2 million.

As Lexpo – The Legal Innovation Event returns in 2023 after a three-year hiatus, showcasing the latest trends in legal innovation in Continental Europe, CEELM spoke with Dentons Europe Director of Innovation and Member of Lexpo's Advisory Board Andrea Miskolczi to gain an insight into the current state of technology and innovation in CEE, and what the event's attendees have to look forward to.

Radu Taracila Padurari Retevoescu and Walless, working with Allen & Overy, have advised the GreenGroup on its acquisition of Zalvaris from Koncernas Consus. PwC Legal advised Consus on the deal.

Soraienen has advised Vsquared Ventures on participating in the EUR 4.5 million seed investment round into Droplet Genomics.

Walless has advised Finnish financial technology company Saldo Bank – formerly Saldo Finance UAB – on the establishment of its banking operations in Lithuania.