TGS Baltic has advised Siauliu Bankas on the issuance of EUR 20 million subordinated bonds and their listing on Nasdaq Vilnius's Debt Securities List. The bonds will soon be admitted to trading on the regulated market.

On April 7, 2020, CEE Legal Matters reported that Motieka & Audzevicius had represented big data company Oxylabs in its successful appeal of a dismissal of an IP rights infringement dispute for lack of jurisdiction in Lithuania. We spoke with Urte Karkliene, Legal Counsel at Oxylabs, to learn more about the case.

Sorainen has advised joint lead managers BNP Paribas, Citi, and Erste Group on a dual-tranche Eurobond issue by the Republic of Lithuania – a 5-year Eurobond of EUR 750 million face value and a 10-year Eurobond of EUR 1 billion 250 million face value. The issuance is aimed at improving the liquidity of Lithuania’s treasury.

Triniti has helped Eddy Travels, a Lithuanian startup developing an artificial-intelligence-based digital travel planning assistant, to raise an additional EUR 600,000 to complete an approximately EUR 1.1 million early-stage funding round. Lead investor KUB Open Circle Capital was advised by Sorainen.

Triniti has advised the Groa Real Estate Fund I, a fund managed by Groa Capital, on the acquisition of the Rimi Hypermarket shopping center in Vilnius from UAB Sun Invest.

Sorainen has launched a special pro bono program dedicated to supporting projects in the Baltics and Belarus set up to help solve pandemic-related issues.

Over many years, the Estonian, Latvian, and Lithuanian legal markets have been dominated by the same four firms, although the names they operate under have sometimes changed. At the very end of 2018, however, the market in Lithuania, the largest of the Baltic states, shook. when a large team split off from one of those four firms, and several months later merged with a leading independent firm in the country.

Motieka & Audzevicius has advised the founders of Lithuania's In Balance Grid on EUR 950,000 invested into the company by Koinvesticinis Fondas, Contrarian Ventures, and several angel investors, all of which were advised by TGS Baltic.

On December 12, 2019, CEE Legal Matters reported that Dentons, Magnusson, and TGS Baltic had advised the Avia Solutions group – a Lithuanian aviation services group – on a five-year bond issuance with a total value of USD 300 million, an annual interest rate of 7.875%, and a maturity date of 2024. The bonds were issued in US dollars and distributed in the US and European markets. White & Case and Sorainen helped JP Morgan and BNP Paribas organize the issuance.

Theis Klauberg took a circuitous route to managing his eponymous firm in the Baltics. He began his education in Germany, at the University of Hamburg, Heidelberg University, and Humboldt University of Berlin, before obtaining an LL.M. at the University of the Western Cape in South Africa, then concluding his formal education with an MBA at the Baltic Management Institute. His professional career has been no less diverse, as he has worked in Germany, Latvia, Lithuania, Estonia, Belarus, and Zimbabwe.

In recent years, the government and courts of Lithuania have intensified their attempts to develop mediation. There are many reasons for this – promoting social peace, decreasing court caseloads, saving time and money for the end-users, and providing them with higher satisfaction among them.

On March 11, 2020, CEE Legal Matters reported that Sorainen had successfully defended HR solutions provider Amston before the Equal Opportunities Ombudsperson in Lithuania. We spoke with Henrika Bivainiene, Director of Amston, about the case.

Sorainen has provided pro bono advice to Invega on Covid-19 measures for affected businesses.

Nove advocates Veikko Puolakainen and Veiko Vaske have successfully represented the Political Parties' Supervision Commission in Lithuania's Supreme Court.

Sorainen has successfully represented Alfa Bank, as the creditor of Arvi Ir Ko, in a case concerning the annulment of company sales transactions of Arvi Ir Ko.

Sorainen has successfully represented Lithuania's E Energija against the Republic of Latvia in an ICSID arbitration.

Sorainen has advised Lords LB Special Fund I Subfund B investment fund on its lease of a 7000 square meter area in its Lvovo business center in Vilnius to Telia Global Services Lithuania, a telecommunications company in Scandinavia and the Baltics.

Motieka & Audzevicius has successfully represented Axis Industries in an insurance indemnification dispute.