TGS Baltic has advised Valstybes Investicinis Kapitalas on a EUR 25 million note issuance. Luminor Bank was the sole manager and bookrunner.
Closing: INVL Acquisition of Mandatum Life’s Baltic Insurance Business Now Closed
On July 1, 2022, Sorainen announced that INVL’s acquisition of the Mandatum Life Baltic insurance business (reported by CEE Legal Matters on June 29, 2021) had closed, after obtaining all the necessary licenses and permits from the Baltic and Finnish supervisory authorities (as reported by CEE Legal Matters on March 18, 2022).
Motieka & Audzevicius Successful for ICOR Group in Dispute with Republic of Lithuania
Motieka & Audzevicius has successfully defended Veolia's Lithuanian partner ICOR Group and other Lithuanian respondents, before Court of Appeal, from a EUR 240 million claim filed by the Republic of Lithuania.
Sorainen Advises Farfetch on Acquisition of Wannaby
Sorainen has advised fashion retail platform Farfetch on its acquisition of augmented reality startup Wannaby. The transaction closed in April 2022.
Motieka & Audzevicius Advises Orion Fund on Private Bond Investment in Germany
Motieka & Audzevicius, working with Osborne Clarke, has advised the Orion Private Equity Debt Fund I on the EUR 7 million acquisition of secured mezzanine bonds issued by Austrian real estate developer Soini Asset to finance its real estate projects in Germany. Fieldfisher reportedly advised Soini Asset.
The Buzz in Lithuania: Interview with Elijus Burgis of Cobalt
Stable markets and an increase in start-up and tech sector professionals are looking good for Lithuania right now, but there are some standing hurdles within competition regulations that could stifle the free movement and growth of business, according to Cobalt Partner Elijus Burgis.
Sorainen Successful for Zalgiris Before Vilnius Court
Sorainen has successfully represented basketball club Zalgiris in a case against the Lithuanian Competition Council before the Vilnius Regional Administrative Court.
White Collar Crime Laws and Regulations in Lithuania
Contributed by Walless.
TGS Baltic Advises Epso-G on EUR 75 Million Sustainability-Linked Issuance
TGS Baltic has advised Lithuanian state-owned energy transmission and exchange group Epso-G on its EUR 75 million issuance of five-year sustainability-linked bonds.
Sorainen Advises INVL Baltic Sea Growth Fund on Acquisition of Nemunas and Egles Sanatorija
Sorainen has advised the INVL Baltic Sea Growth Fund on its acquisition of the Nemunas and Egles Sanatorija treatment centers in Lithuania.
Sorainen Advises Capitalica Baltic REF I on Bond Issuance
Sorainen, working with Freshfields Bruckhaus Deringer, has advised Capitalica Asset Management fund Capitalica Baltic Real Estate Fund I on its EUR 3 million bond issuance.
Dentons, Sorainen, and TGS Baltic Advise on Lithuania's EUR 650 Million Bond Issuance
Dentons and TGS Baltic have advised the Republic of Lithuania on the EUR 650 million issuance of 2.125% notes due 2032, pursuant to the country's Euro Medium Term Note Program. Sorainen advised underwriters Barclays and BNP Paribas. Reportedly, Freshfields Bruckhaus Deringer advised the underwriters as well.
Ellex Advises SPV Owned by Lords LB Asset Management on EUR 23 Million Bond Issuance
Ellex has advised a Lords LB Asset Management subsidiary SPV on a EUR 23 million bonds issuance.
Sorainen and Ellex Advise on Eveko Investicija and Itella Logistics Lease Agreement
Sorainen has advised Eveko Investicija on a built-to-suit lease agreement for the logistics terminal in Kaunas with Itella Logistics. Ellex advised Itella Logistics.
Cobalt and Sorainen Advise on Kevin Series A Funding Round
Cobalt has advised Lithuanian financial technology start-up Kevin on raising USD 65 million in a Series A funding round. Sorainen advised investor Global PayTech Ventures.
Sorainen Helps Raydiant Establish Office in Lithuania
Sorainen has advised Raydiant on establishing a new office in Vilnius, Lithuania.
Motieka & Audzevicius Successful for Natura Furniture in ICC Arbitration
Motieka & Audzevicius has successfully represented Natura Furniture in a dispute against GE Power in ICC construction arbitration and Swedish arbitral award annulment proceedings.
Triniti Advises GoRamp on EUR 1.5 Million Investment Round
Triniti has advised logistics technology startup GoRamp on receiving a EUR 1.5 million investment.