Motieka & Audzevicius has advised Lithuanian educational start-up Turing College on its USD 1.05 million seed-round with investments from local and foreign venture capital funds and Silicon Valley business angels. Glimstedt advised Iron Wolf Capital on its investment into Turing College.

Sorainen has advised insurance aggregator Edrauda.lt founders Rima Kazlauskaite and Dainius Alkinas and investor ME Investicija on the sale of their company to online insurance group Netrisk. Cobalt advised the Netrisk Group on the deal.

Ellex has advised the BTA Baltic Insurance Company on establishing a EUR 120 million Baltic rental housing co-investment vehicle together with Finnish developer YIT. Hannes Snellman advised YIT on the deal.

Regional periodical league tables ranking M&A activity through the lens of the law firms advising on the deals are often dominated by Baltic law firms, with the CEELM Index special issue of the CEE Legal Matters magazine reflecting the same trend. To better understand why that is so, we spoke with several Partners – from both Baltic firms and other CEE jurisdictions.

Sorainen, working alongside Norwegian firm Wikborg Rein, has advised digital identity company Signicat on its acquisition of Baltic electronic signature solution provider Dokobit. Ellex Valiunas advised the seller.

Ellex Valiunas has advised Norwegian real estate management company Baltic Sea Properties on two lease agreements with French parcel delivery group DPD in the cities of Siauliai and Telsiai.

Ellex Valiunas has helped Curve in extending and expanding its electronic money institution (EMI) license from the Bank of Lithuania.

On May 21, 2021, CEE Legal Matters reported that Ellex Valiunas had successfully represented Western Baltija Shipbuilding in its appeal of a public procurement award to a consortium of Finnish companies to provide a specialized vessel for the Lithuanian Armed Forces to eliminate pollution incidents and carry out rescue operations in the Baltic Sea. CEE In-House Matters spoke with Andrius Digrys, General Legal Counsel at Western Baltija Shipbuilding, to learn more about the deal.

Sorainen has advised Apollo Global Management on its acquisition of a majority stake in AS Graanul Invest. Ellex and White & Case advised the seller. Reportedly, Allen & Overy also advised the buyer.

TGS Baltic has advised the Akropolis Group on the acquisition of a ​​154,000 square-meter shopping center in Riga from Norway-based AMD Holding. Ellex Klavins advised the seller on the deal.

Gessel has advised the Avallon Fund on the sale of its majority stake in EBS to the Sevenways Group holding. Legal Kraft and Motieka & Audzevicius advised the buyer in Poland and Lithuania, respectively.

Former KPMG Law Attorney-at-Law Jonas Platelis has joined the Dispute Resolution team at the Primus law firm in Lithuania as Associate Partner.

Sorainen has advised the Darnu Group on the acquisition of 8.3 hectares of land for the construction of residential buildings with commercial premises in Vilnius. 

TGS Baltic has represented Lithuanian Orion Asset Management in a case concerning a EUR 40,000 fine imposed by the Supervisory Authority of the Bank of Lithuania.

CMS has advised Partner in Pet Food on its acquisition of Polish pet food producer Mispol S.A. from Lithuania-based NDX.

Sorainen has advised Finnish Technopolis UMA Holding on the sale of its Estonian and Lithuanian UMA Workspace business to Workland. Cobalt advised Workland on the deal.

Inga Kostogriz-Vaitkiene, Partner at CEE Attorneys in Lithuania, reports that her country’s economy is doing quite well at the moment and that additional regulation ensures the public procurement system will become greener. She also notes that there are two controversial laws in the pipeline related to cannabis use and LGBTQ+ rights.

On June 22, 2021, CEE Legal Matters reported that Motieka & Audzevicius had advised Elektroniniu Pinigu Bite on obtaining an electronic money institution license. According to the firm, Elektroniniu Pinigu Bite “serves related companies – mutual lending and crowdfunding platforms FinBee, FinBee for Business, and their customers.” CEE In-House Matters spoke with Darius Noreika, CFA and CEO at Finbee, to learn more about the matter.