Contributed by Ilaw Lextal.

TGS Baltic has advised InMedica on its acquisition of the Panevezio Odontologai clinic. Glimstedt advised the seller.

On April 4, 2024, Ellex Valiunas announced that Kogeneracija's full sale of Miesto Energija and Pramones Energija and a 4,34% stake in Klaipedos Energija to Vilniaus Silumos Tinklai (reported by CEE Legal Matters on December 1, 2023) had closed at the end of March for EUR 10.6 million.

Former Associate Partners Azuolas Cekanavicius and Povilas Junevicius have been promoted to Partner positions with Ellex in Lithuania.

Former Compensa Life Vienna Insurance Group Chief Legal and Compliance Officer in Lithuania Gabija Kuncyte has been appointed as the company's Head of Legal Baltics, effective April 1, 2024.

Did you know that the CEE Q1 leaderboards are available through the Activity Rankings function of the CEELMDirect website?

Family law specialist Mindaugas Vaiciunas has joined Ilaw Lextal as an Associate Partner.

Ellex has advised issuer Capitalica Z114 Real Estate Fund on the preparation and approval process with the Bank of Lithuania for the prospectus underpinning its EUR 20 million bond issuance, with up to EUR 17.6 million in bonds secured with a real estate collateral to be publicly offered in Lithuania, Latvia, and Estonia.

In our Looking In series, we talk to Partners from outside CEE who are keeping an eye on the region (and often pop up in our deal ticker) to learn how they perceive CEE markets and their evolution. For this issue, we sat down with Slaughter and May Partners Jonathan Marks and Richard Jones.

TGS Baltic, working with Cederquist, has advised Kinnevik on the sale of its entire holding in Tele2 to Freya Investissement for a total of SEK 13 billion.

Former Glimstedt Managing Partner Solveiga Vilcinskaite Paleviciene has joined TGS Baltic as a Partner.

Cobalt has advised the owners of Lithuanian wood pellet manufacturer Granulita on the sale of the company to Zalvaris. PwC Legal advised the buyers.

Lithuania is looking at a hectic year, with three scheduled elections: presidential, parliamentary, and EU parliamentary, according to Ilaw Lextal Partner Lina Siksniute-Vaitiekuniene, while also celebrating the 20-year Anniversary of its entry into the EU and NATO.

TGS Baltic and Djingov Gouginski Kyutchukov & Velichkov have advised Ifco Systems on its acquisition of Bepco. RASK advised Rostock Capital, Navitas, and Green Technology on the sale.

Motieka & Audzevicius has successfully represented Srbijagas before the Lithuanian Supreme Court in a dispute regarding the recognition and enforcement of ICC arbitral awards against a non-signatory to the arbitration agreement.

TGS Baltic, working with Baker McKenzie and Accura, has advised Mitsubishi on its acquisition of a 20% stake in Denmark-based European Energy through a EUR 700 million investment.

TGS Baltic has advised the European Investment Bank on its agreement with Siauliu Bankas to set up and manage a second, EUR 200 million, apartment building renovation fund in Lithuania.

Dentons and, reportedly, TGS Baltic have advised the Republic of Lithuania on updating its Euro Medium Term Note Program and successfully issuing EUR 1.5 billion in 3.5% notes due 2034. Freshfields Bruckhaus Deringer and Sorainen reportedly advised the underwriters.