Adon Legal has advised the Lithuanian real estate developer Galio Group on a EUR 26 million loan from Citadele Bank.

The initially planned major changes to the security interest regime in Lithuania, which would remove notarial certifications of mortgage/pledge, have not materialized. However, certain amendments to Lithuanian laws governing security interests will enter into force from January 1, 2022.

TGS Baltic has advised Myriad Capital on obtaining a category B financial brokerage company license from the Bank of Lithuania.

Sorainen has advised the shareholders of the Dojus Group on investing in Walk15, which attracted EUR 268,500 in this financing round. Apex Legal reportedly advised Walk15 on the deal.

Ellex has advised Lords LB Asset Management-owned company Vilniaus Miesto Projektai on its EUR 8 million bond issuance.

TGS Baltic has advised medical clinic chain InMedica on the acquisition of Saulius Viksraitis' Plastic Surgery Center in Kaunas.

Former Associate Partner Marius Rindinas has been promoted to Partner at SPC Legal.

Ellex, working with Jankovic Popovic Mitic, has successfully represented the interests of Alita before the Court of Appeals of Lithuania.

Motieka & Audzevicius has advised Linas Agro Group on its acquisition of Agro Logistic Service from Kauno Grudai. Cobalt advised Kauno Grudai on the deal.

Ellex has advised Japanese venture capital fund Mistletoe on its investment in Lithuanian startup Bee Loop. Aliant Tarvainyte Vilys reportedly advised Bee Loop on the deal.

Sorainen, working Linklaters, has carried out a study on the development of a sustainable finance action plan in Lithuania, commissioned by the Lithuanian Ministry of Finance.

Triniti Jurex’ Giedre Ciuladiene and Arturas Vaisvila have become Partners, while Raminta Vilcinskaite and Olga Siomina have been promoted to Associate Partners with the firm.

TGS Baltic has advised Pax8 on its acquisition of cloud services and software distributor TVG. Cobalt advised TVG's shareholders on the sale.

Sorainen has advised Nosto on its acquisition of Lithuanian e-commerce startup SearchNode. Magnusson advised the seller. Bird & Bird reportedly advised Nosto.

A booming economy – with some legislative updates hampering the smooth sailing of corporate operations – and frictions with China and Belarus are the key updates for Lithuania, according to Glimstedt Partner Andrius Ivanauskas.

Walless has advised Vilniaus Baldai on its EUR 6 million issuance of six-year bonds. TGS Baltic advised the State Aid Fund for Business on purchasing all the bonds. 

Ruta Armone, Migle Petkeviciene, and Dovile Stancikaite have been promoted to Partner at Ellex in Lithuania. 

Head of Public Procurement specialization group Karolis Smaliukas and Head of Energy Industry group Paulius Zapolskis have been promoted to Partner at TGS Baltic in Lithuania, as of January 1, 2022.