TGS Baltic has advised I Asset Management on obtaining an alternative investment fund manager license under the Alternative Investment Funds Managers Directive, to operate throughout the EU.

Cobalt has advised Avena Nordic Grain on the sale of its Estonian and Lithuanian grain trade businesses to the Scandagra Group. Walless advised Scandagra on the deal.

Motieka & Audzevicius has assisted AAA Capital with obtaining merger clearance from the Lithuanian Competition Council for its acquisition of Medicinos Bankas. TGS Baltic advised Medicinos Bankas and sellers Konstantinas Karosas and Western Petroleum Limited on the merger clearance process. 

Walless has advised the Taupa credit union on its seven-year subordinated bond issuance.

TGS Baltic has successfully represented Klaipedos Nafta before the Siauliai Regional Court in a dispute regarding the award of company shares to its employees.

CEE Legal Matters readers will likely be familiar with Patricia Gannon as one of the founders of Karanovic & Partners. Since her withdrawal from the firm (reported by CEE Legal Matters on September 21, 2020), Gannon ran her own "holistic strategic advisory business" (as reported on October 12, 2020) and, recently, she announced she is working on a new social media app for lawyers – Platforum 9. We caught up with her to learn more about her new project.

Former Utenos Trikotazas Chief Commercial Officer Marijus Krisciunas has joined TGS Baltic as a Partner.

The record year for M&A transactions, the emergence of new startups, and a new draft on company law get lawyers talking in Lithuania, according to TGS Baltic Partner Dalia Tamasauskaite-Ziliene.

TGS Baltic has advised the Auga Group and its main shareholder on delisting the company's shares from the regulated market of the Warsaw Stock Exchange and the related mandatory tender offer. Reportedly, Deloitte Legal advised the Auga Group as well.

Former Glimstedt Partner Andrius Ivanauskas has joined Walless.

Sorainen has advised the Titanium Baltic Real Estate fund on acquiring Kesko Senukai’s stores in Vilnius, Lithuania, and Daugavpils, Latvia. Motieka & Audzevicius and Walless advised the sellers on the deal.

TGS Baltic has provided pro bono assistance to Vilnius Jesuit High School in establishing a school-based untouchable capital sponsorship fund.

TGS Baltic has advised InMedica and its shareholders INVL Baltic Sea Growth Fund and Litgaja on the merger with the MediCA Group. Cobalt advised MediCA.

Walless has advised the Vilnius City Municipality on the National Stadium tender procedure, concession agreement, related procurement disputes, and on clearing the state aid scheme for the project with the European Commission.

TGS Baltic has successfully represented ten former Ryanair employees in an unlawful dismissal dispute before a Lithuanian court of first instance.

White & Case and Ellex have advised Polenergia on an investment agreement with Green Genius to develop offshore wind energy projects in Lithuania.

TGS Baltic has advised Maxima Grupe on structuring its Commercial Paper Program and a EUR 35 million issuance of notes under the program.

SPC Legal has advised the Panevezys free economic zone (FEZ) on concluding an investment agreement with Arginta Engineering. Ellex advised the investor.