Sorainen has advised Lords LB-managed Atsinaujinancios Energetikos Investicijos on a second four-year green bond issuance. Luminor Bank was the main distributor of the EUR 10 million issuance.

Managing Associate Jovita Valatkaite has been appointed as the Head of the Employment Law practice group in Cobalt’s Lithuanian office.

Ilyashev & Partners has announced it has started a cooperation with Glimstedt to expand the firm's capabilities in EU countries.

Walless has provided legal support to Reverest Asset Management on receiving the authorization to operate as a management company for collective investment undertakings for informed investors from the Bank of Lithuania.

Cobalt has advised vehicle parts distributor Meko on its EUR 122 million acquisition of spare parts and services provider Koivunen.

Sorainen has advised IK Partners and the Renta Group on the acquisition of the Uprent Group.

Cobalt has successfully represented AirBaltic and the Riga International Airport before the Supreme Court of Lithuania against antitrust claims brought by bankrupt carrier FlyLAL.

TGS Baltic has advised Valstybes Investicinis Kapitalas on a EUR 25 million note issuance. Luminor Bank was the sole manager and bookrunner.

On July 1, 2022, Sorainen announced that INVL’s acquisition of the Mandatum Life Baltic insurance business (reported by CEE Legal Matters on June 29, 2021) had closed, after obtaining all the necessary licenses and permits from the Baltic and Finnish supervisory authorities (as reported by CEE Legal Matters on March 18, 2022).

Motieka & Audzevicius has successfully defended Veolia's Lithuanian partner ICOR Group and other Lithuanian respondents, before Court of Appeal, from a EUR 240 million claim filed by the Republic of Lithuania.

Sorainen has advised fashion retail platform Farfetch on its acquisition of augmented reality startup Wannaby. The transaction closed in April 2022.

Motieka & Audzevicius, working with Osborne Clarke, has advised the Orion Private Equity Debt Fund I on the EUR 7 million acquisition of secured mezzanine bonds issued by Austrian real estate developer Soini Asset to finance its real estate projects in Germany. Fieldfisher reportedly advised Soini Asset.

Stable markets and an increase in start-up and tech sector professionals are looking good for Lithuania right now, but there are some standing hurdles within competition regulations that could stifle the free movement and growth of business, according to Cobalt Partner Elijus Burgis.

Sorainen has successfully represented basketball club Zalgiris in a case against the Lithuanian Competition Council before the Vilnius Regional Administrative Court.

Contributed by Walless.

TGS Baltic has advised Lithuanian state-owned energy transmission and exchange group Epso-G on its EUR 75 million issuance of five-year sustainability-linked bonds.

Sorainen has advised the INVL Baltic Sea Growth Fund on its acquisition of the Nemunas and Egles Sanatorija treatment centers in Lithuania.

Sorainen, working with Freshfields Bruckhaus Deringer, has advised Capitalica Asset Management fund Capitalica Baltic Real Estate Fund I on its EUR 3 million bond issuance.