The real estate market in Lithuania is in flux, facing significant challenges and, at the same time, providing numerous opportunities to explore, according to Fort Legal Partner Ruta Radzeviciute-Meizeraite.
Adon Legal Advises Taiwan's FinCause on Obtaining Electronic Money Institution License
Adon Legal has advised Taiwanese capital company FinCause on obtaining an electronic money institution license from the Bank of Lithuania.
Sorainen Successful for Siauliu Plentas Before Lithuanian Supreme Court
Sorainen has successfully represented Siauliu Plentas before the Supreme Court of Lithuania in a dispute related to the offset of contractual late interest with the Lithuanian Road Administration.
Closing: InMedica’s Acquisition of Vilnius Implantology Center Clinic Now Closed
On March 9, 2023, TGS Baltic announced that InMedica’s acquisition of the Vilnius Implantology Center Clinic from the OP Group (reported by CEE Legal Matters on September 19, 2022) had closed.
Sorainen Successful for EminiFX Estate in Repatriating EUR 60 Million in Bitcoin
Sorainen has successfully advised the receivership estate of EminiFX in recovering and repatriating approximately EUR 60 million in Bitcoin to the victims in an ongoing case where US authorities are targeting a crypto-related Ponzi-like scheme.
Motieka & Audzevicius and Primus Advise on In Balance Grid EUR 1.3 Million Investment Round
Motieka & Audzevicius has advised In Balance Grid on a EUR 1.3 million investment from EIT Urban Mobility, the Business Angels Fund, Civinity, and the Motieka Investment Fund. Primus advised the Business Angels Fund and other investors. TGS Baltic reportedly advised existing investor Contrarian Ventures.
Lithuania: The Law on Protection of Whistleblowers
The development of the regulation on whistleblower protection in Lithuania started prior to the Directive (EU) 2019/1937 (Directive) coming into force. The first edition of the Law on Protection of Whistleblowers of the Republic of Lithuania (the Law) was passed by the parliament on November 28, 2017, set to enter into force on January 1, 2019. This took place mainly because of OECD insistence on the adoption of the Law prior to Lithuania’s accession to the OECD.
Know Your Lawyer: Eugenija Sutkiene of TGS Baltic
An in-depth look at Eugenija Sutkiene of TGS Baltic covering her career path, education, and top projects as a lawyer as well as a few insights about her as a manager at work and as a person outside the office.
The FDI Clearance Check – A Mandatory Check Box for All Lithuania-Related M&A Transactions?
Lithuania had the rules regarding FDI control in place before Regulation (EU) 2019/452 establishing a framework for the screening of foreign direct investments into the Union of March 19, 2019, was adopted. However, the regulation has contributed to a speedier increase in the awareness and development of FDI screening.
Life Sciences in Lithuania
The life sciences industry is a rapidly growing market around the world and appears to have special importance in Lithuania. TGS Baltic Partner Dalia Tamasauskaite-Ziliene and Glimstedt Partner Ausra Maliauskaite-Embrekte explore the key developments in the field and the main drivers behind them.
Making The Workplace Work
The past two years have brought about tectonic shifts across all industries, business sectors, and economies. Adapting to the ever-changing concept of a “new normal” became an everyday task, and law firms were no exception. Motieka & Audzevicius Partner Rokas Jankus, iLaw Lextal Managing Partner Tomas Bagdanskis, and Sorainen Managing Partner Laimonas Skibarka share how Baltic firms have managed to hold their own in these challenging times.
The War’s Impact on Lithuanian Legislation
The war in Ukraine has irrevocably altered the face of Europe, and legislative landscapes are no exception. iLaw Lextal Partner Jolanta Liukaityte-Stoniene, Motieka & Audzevicius Partner Rimantas Daujotas, and Fort Legal Partner Ruta Radzeviciute-Meizeraite focus on the legislative updates in Lithuania.
Sorainen Advises Local Ocean on Sustainable Method for Growing Shrimp
Sorainen has provided pro bono advice to Local Ocean on intellectual property matters related to its development of sustainable and eco-friendly farming technology for growing high-quality shrimp.
Cobalt Advises on Sale of SBS Group to Arkance
Cobalt has advised the shareholder of the SBS Group on the sale of the company to Monnoyeur subsidiary Arkance.
Adon Legal Advises Galio and NDX Groups on EUR 53 Million Refinancing from SEB Group for Retail Portfolio
Adon Legal has advised subsidiaries of the Galio and NDX groups on a EUR 53 million refinancing from the SEB Group for their recently acquired retail portfolio including 17 stores, with Maxima and Ermitazas as the main tenants.
Sorainen and Motieka & Audzevicius Advise on Titanium Baltic Real Estate Acquisition of Avia Solutions Group's Vilnius Headquarters
Sorainen has advised the Titanium Baltic Real Estate fund on its acquisition of a Vilnius building housing Avia Solutions Group's headquarters. Motieka & Audzevicius advised Avia Solutions Group company AviaAM Leasing Service Centre on the share sale and leaseback transaction.
Triniti Jurex To Advise Health Tech Accelerator in Lithuania
Triniti Jurex has become the legal advisor of the Health Tech Accelerator in Lithuania.
Karolina Laurynaite and Evaldas Pocevicius Make Partner While Gintare Ivanauskaite and Akvile Buzinskaite Make Associate Partner at Triniti Jurex
Triniti Jurex has announced the appointment of Karolina Laurynaite and Evaldas Pocevicius as Partners, while Gintare Ivanauskaite and Akvile Buzinskaite have been appointed as Associate Partners at the firm.