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TGS Baltic has advised venture capital fund Koinvesticinis Fondas and four other business angels on their investment of EUR 210,000 in Lithuanian start-up Funkciniai Gerimai. Cerniauskas & Partners reportedly advised Funkciniai Gerimai on the deal, while Glimstedt advised the business angels investing.

Ellex Valiunas has advised Quaero European Infrastructure Fund II on the acquisition of 100% of shares in UAB Duomenu Logistikos Centras from energy company Ignitis Group and Litgrid. TGS Baltic advised the sellers on the transaction, which is due to close in July and was valued at EUR 10.1 million.

On May 28, 2020, CEE Legal Matters reported that Cobalt had advised Lithuania's AB Lietuvos Radijo ir Televizijos Centras - Telecentras on the sale of its data transmission and digital television business developed under the Mezon brand to the Bite Group. We spoke Aida Raziulyte, General Counsel of Telecentras, to learn more about the deal.

 “The Lithuanian Government has implemented multiple measures to combat the COVID-19 crisis,” says Rokas Bukauskas, Head of PwC Legal in Lithuania. “It all started with postponing tax payments from the companies which were affected the most, then went on to providing compensation to employees and other measures."

TGS Baltic and Dentons have advised Ignitis group on the approval of its renewed EUR 1.5 billion medium-term debt securities program and EUR 300 million bond issuance. Clifford Chance and Walles advised intermediaries BNP Paribas, Citi, J.P. Morgan, and Luminor bank.

The Lithuanian life sciences industry has skyrocketed over the last two decades – the average annual growth within the biotechnology and pharmaceutical research and production sector reached over 19%, with 90% of its output exported. in 2017 Lithuania reached 16th place in the Scientific American Worldview biotechnology rankings. Lithuania dominates many (much) larger Central and Eastern European countries and boasts the fastest growing life science industry in Europe.