Cobalt has advised IBM in Estonia, Latvia, and Lithuania on the reorganization and separation of its managed infrastructure services business into Kyndryl, which will operate as an independent company.
Sorainen Advises Baltic Mill on EUR 3 Million Bond Issuance
Sorainen has advised Baltic Mill on a EUR 3 million issuance of two-year bonds. The bond issuance was organized by Siauliu Bankas.
TGS Baltic Successful for Siauliu Bankas in Dispute with Bank of Lithuania
TGS Baltic has successfully represented Siauliu Bankas in a dispute with the Bank of Lithuania regarding a sanction the central bank imposed for violations of legal acts regulating the prevention of money laundering and terrorist financing.
Cobalt Advises on Sale of Apotheca Pharmacy Chain
Cobalt has advised the shareholders of the Lithuanian Apotheca Vaistine pharmacy chain on its sale to Magnum. Eversheds Sutherland reportedly advised the buyer.
Cobalt Advises European Energy on Wind Farm Portfolio Divestment
Cobalt has advised European Energy on the divestment of three Lithuanian wind farms with a total capacity of 185.5 megawatts.
Motieka & Audzevicius Successfull for Olympic Casino Group Baltija Before Supreme Administrative Court
Motieka & Audzevicius has successfully defended Olympic Casino Group Baltija before the Supreme Administrative Court of Lithuania.
Cobalt Advises Novian Group on Acquisition of Elsis Pro
Cobalt has advised Novian Group company Novian Systems on the acquisition of information systems and software developer Elsis PRO.
Walless Advises Ministry of Energy and Energy Cells on State Aid Clearance
Walless has advised the Lithuanian Ministry of Energy and UAB Energy Cells on state aid clearance procedures regarding a EUR 100 million investment in energy storage facilities.
TGS Baltic Advises Audimas on Business Separation
TGS Baltic has advised Lithuanian sports clothing manufacturer Audimas on separating its manufacturing and trading companies and on establishing a real estate management company.
Competition and Competition Litigation Laws and Regulations in Lithuania
Contributed by Cobalt.
Cobalt, TGS Baltic, and Sorainen Advise on Kevin Seed Funding Round
Cobalt has advised Lithuanian financial technology start-up Kevin on raising USD 10 million in a seed funding round, co-lead by Global PayTech Ventures, OTB Ventures, and Speedinvest. TGS Baltic advised OTB Ventures and Speedinvest. Sorainen advised Global PayTech Ventures.
Sorainen Advises Eiffel Investment Group on Green Genius’ Solar Power Project Portfolio Funding
Sorainen has advised French asset manager Eiffel Investment Group on its EUR 20 million funding to renewable energy company Green Genius.
Lithuania: Current Realities and Future Perspectives of the Oil & Gas Sector
Although Lithuania cannot boast rich oil resources lying beneath its territory, a number of large oil industry facilities are successfully operating in the country. This suggests that Lithuania has sufficient technical capacity to import oil and petroleum products from various countries, as well as diverse and technically ensured possibilities of supplying petroleum products. Moreover, the country has secured the required amount of petroleum product state reserves, which affords protection against disruptions in their supply.
Shearman & Sterling, Sorainen, Cleary Gottlieb, and Ellex Advise on Enefit Green EUR 175 Million IPO
Shearman & Sterling and Sorainen have advised joint global coordinators and joint bookrunners Citigroup, Nordea, and Swedbank on Enefit Green's EUR 175 million Rule 144A / Regulation S initial public offering and listing on Nasdaq Tallinn. Cleary Gottlieb Steen & Hamilton and Ellex advised Enefit Green and its owner, Eesti Energia.
Sorainen Advises Open Circle Capital on Investing in Billo
Sorainen has advised Lithuanian venture capital fund Open Circle Capital on investing in the Billo community marketing platform.
Sorainen and Triniti Jurex Advise on Lords LB Sale of Shopping Center to Rivona
Sorainen has advised Lords LB Baltic Fund III on the sale of a shopping center in Marijampole, Lithuania, to Rivona. Triniti Jurex advised the buyer.
Ellex Advises on BLF Management Setup and Licensing
Ellex has advised investment fund manager BLF Management on its establishment and licensing in Lithuania.
Lextal Advises IuteCredit on EUR 75 Million Bond Issuance
Lextal has advised Estonian financial technology group IuteCredit on its EUR 75 million senior secured corporate bonds issuance. GSK Stockmann reportedly acted as a global advisor on the deal.