Walless has helped Railsbank Group subsidiary UAB Payrnet obtain an electronic money institution license from the Bank of Lithuania.

Walless has advised E Energija on a green energy purchase deal with Eesti Energia.

Sorainen and Motieka & Audzevicius have advised Startup Wise Guys and the Motieka Investment Fund on a EUR 1.2 million investment in Lithuanian edu-tech start-up Turing College. Motieka & Audzevicius also advised Turing College on the deal.

Motieka & Audzevicius has helped Donatas Aleksandravicius, the owner of the Ds Byggeri construction company, file an indemnification claim against Denmark at the ICSID.

Ellex has advised Quaero European Infrastructure Fund II on the acquisition of 100% of the shares of Digitalas Ekonomikas Attistibas Centrs from Solo Investments SIA, Astondesmit Astoni SIA, Duo Investicijas SIA, and KFP SIA. Triniti advised the sellers on the transaction.

The ongoing COVID-19 pandemic and various related restrictive measures have created an extraordinary human, business, and legal situation in Lithuania. The Energy sector (like all others) has become subject to various restrictions and challenges, including restrictions on the movement of workers, partner liquidity issues, reduced demand for energy resources, etc. As everywhere else in Europe, Lithuanian electricity market participants have faced a significant decrease in wholesale electricity market prices. Moreover, it is already clear that COVID-19 has negatively affected the international supply chain, as the energy market participants experience disruptions and delays in the performance of contracts and project delivery. In these extraordinary circumstances, industry players (including operating power plant operators, project developers, and so on) have a reasonable expectation that the government will take the effect of the ongoing international crisis into account if developers do not bid in time in auctions or miss their project deployment deadlines.

Glimstedt has advised GE Energy Financial Services on an unspecified investment in E Energija‘s 68.9MW wind farm in Telsiai, Lithuania, which uses GE‘s Cypress 5.3MW turbines. E Energija was advised by Ellex Valiunas.

Gintas Andruska and Jonas Povilionis have been promoted to Associate Partner at SPC Legal.

Sorainen has advised Inion LT on a EUR 500,000 investment in the company by venture capital funds Koinvesticinis Fondas and Contrarian Ventures and startup accelerator 70 Ventures.

The Lithuania office of Deloitte Legal has advised Maskinhandler Indkobsringen A/S, a Danish farm equipment company, on the sale of a majority stake of shares in MI Agrotinklas UAB to one of MI Agrotinklas's founders.

Cobalt has advised UAB Sonex Consulting on the sale of a 6,948 square meter business center in Vilnius to EfTen Real Estate Fund III, which is managed by EfTEN Capital. Fort Legal advised EfTen on the deal.

The pan-Baltics Triniti law firm has announced that it has merged with Lithuania's Jurex law firm, which bills itself as "the first and the only Lithuanian law firm specialized in business dispute resolution." The firm will continue to operate as Triniti in Estonia and Latvia, but rebrand as Triniti Jurex in Lithuania.

Motieka & Audzevicius has helped CommonSign obtain a payment institution license for account information services.

The Lithuanian office of Sorainen has advised Koinveticinis Fondas on its investment in Ligence, a Lithuanian startup developing an automated cardiac ultrasound diagnostic solution based on artificial intelligence.

Sorainen has advised the Darnu Group on a construction work agreement with UAB Naresta for the sixth stage of the Paupys district of Vilnius, in Lituania. UAB Naresta was reportedly advised by the Iustum law firm.

The Vilnius office of Sorainen has advised dealers BNP Paribas, Citi, and Erste Group on Lithuania’s raising of EUR 1.75 billion by means of a 30-year Eurobond issue.

Sorainen has advised Alfa Bank on debt recovery efforts against Lithuanian businessman Vidmantas Kucinskas, as well as identifying possibly illegal acts by Kucinskas, who is suspected of financial fraud and was detained when crossing the border between Slovenia and Croatia on July 15, 2020.

Sorainen has successfully defended the interests of the Union of Lithuanian Journalists and other journalists in a case investigated by Lithuania’s Supreme Administrative Court regarding defense of that country's constitutional right to receive, collect, and share information.