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Cobalt, working together with Freshfields Bruckhaus Deringer, has advised Global Communications Infrastructure on its 50/50 partnership with Tele2 to carve out telecom infrastructure assets and create the first tower company covering all three Baltic countries. Tegos, working with Clifford Chance, advised Tele2.

Sweeping tax reform, corporate governance, and procurement regulation updates have been the main legislative developments in Lithuania this year, according to Widen Partner Aiste Mikociuniene. While some of the changes bring modernization and new incentives, Mikociuniene warns that increased burdens and uncertainties could weigh heavily on businesses and legal professionals alike.

Sorainen, working with Horten, has advised Danish fish product producer A. Espersen and its Lithuanian subsidiary Espersen Lietuva on the sale of a fish processing plant located in the Klaipeda Free Economic Zone to Atlas Premium Lietuva. Cobalt advised Atlas Premium.

DLA Piper has advised The Vita Group on the launch of a three-year, EUR 81.5 million trade receivables securitization program. External funding was provided by Santander Corporate and Investment Banking and Finacity Corporation, with retained funding from Vita entities.

In April 2007, Estonia made global headlines — not for a military conflict or natural disaster, but for one of the first coordinated large-scale cyberattacks against a nation-state. Sparked by the relocation of a Soviet-era war memorial in Tallinn (known as the Bronze Night), the country’s digital infrastructure was flooded with denial-of-service attacks. Government websites, banks, media outlets, and essential services were knocked offline. It was a wake-up call: digital threats could now paralyze a country just as effectively as tanks and missiles.