Dentons has advised the Republic of Lithuania on the issuance of two EUR-denominated benchmark bonds under its Euro Medium Term Note Program. TGS Baltic reportedly advised the Republic of Lithuania as well. Freshfields and Sorainen reportedly advised the underwriters.

Cobalt has advised German defense company Rheinmetall on a joint project with Lithuania’s EPSO-G Invest and Giraites Ginkluotes Gamykla to establish a 155-millimeter artillery ammunition manufacturing plant in Baisogala, Lithuania. TGS Baltic reportedly advised EPSO-G Invest. Sorainen reportedly advised Giraites Ginkluotes Gamykla.

Triniti Jurex has advised Nordic Minds on the sale of a majority stake in Tolimojo Keleivinio Transporto Kompanija to C Company. Motieka advised C Company on the matter.

TGS Baltic has advised Clear Channel Outdoor Holdings on the sale of its Europe-North out-of-home advertising segment to Bauer Radio Limited. Squire Patton Boggs, AG Law Limited, Cirio Law Firm, Kromann Reumert, Wikborg Rein, Castren & Snellman, Perez-Llorca, Reichlin Hess, Reed Smith, Deloitte and Herbert Smith Freehills, CMS, Norton Rose Fulbright, and Paczewski Tropaczynski reportedly advised the sellers as well.

In The Corner Office, we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. This time around we turn our attention to setting up new practices and ask: When launching a new practice, what is your go-to strategy – do you look at internal team members to spearhead it, or are you more likely to turn to lateral hires? Why?

Over the summer, numerous major employers in Lithuania had either terminated or tightened their hybrid work policies, mandating employees to be present in the office for at least three days per week. This shift is in line with global trends, particularly among technology companies, which have largely abandoned remote work arrangements. Since the pandemic ended, many companies have gradually moved their workforce back to the office, citing decreased productivity and employee engagement as primary reasons for this shift.

Walless has advised Rontgen Aviation Fund on its establishment in Lithuania and on obtaining approval from the Bank of Lithuania.

Walless, working with Reynolds Porter Chamberlain, has advised Ebury on the acquisition of Lithuania-based ArcaPay. TGS Baltic advised ArcaPay.

TGS Baltic has advised Zalvaris on its EUR 5 million Siauliu Bankas-arranged public bond issuance and the subsequent admission of those bonds to trading on the Nasdaq Baltic First North market by Nasdaq Vilnius.

Fort Legal has advised on the sale of Zalgirio Verslo Centras to an Aggressive Capital-managed fund.

Walless has advised InMedica on its sale to Mehilainen. Cobalt advised Mehilainen.

Walless has advised KJK Fund III and GS Invest on the acquisition of Metalas ir Mediena from Rosizeil Importing. Sorainen reportedly advised the sellers.

Fort Legal Partner Mindaugas Zolynas has become the firm’s new Managing Partner.

Walless has advised the European Bank for Reconstruction and Development on co-financing the SIRIN Development warehouse park in Vilnius with Swedbank.

Walless has advised Merito Partners on raising EUR 4 million via bond issuances arranged by Signet Bank to fund new self-storage facilities in Tallinn and Vilnius.

TGS Baltic has advised the European Investment Bank on amendments to its pre-financing and contingent loan agreements with Siauliu Bankas increasing the bank's investment from EUR 195 million to EUR 255 million for Lithuania’s multi-apartment building modernization program.

Fort Legal has advised Idavang on a EUR 40 million loan from Swedbank for the early redemption of its EUR 75 million floating rate senior secured bonds, originally due in 2025.

Former Counsel Mantas Juozaitis has been promoted to Partner at Motieka.