TGS Baltic has advised the European Investment Bank on its EUR 25 million loan agreement with Klaipeda municipal water utility company Klaipedos Vanduo in Lithuania, to support its 2023-2026 investment program.

Walless has advised the Ministry of the Environment of the Republic of Lithuania on the renovation project of the Lithuanian Zoo in Kaunas.

Ellex Valiunas has advised Appsflyer on its acquisition of DevtoDev. TGS Baltic reportedly advised the sellers.

Ellex, working alongside Baker McKenzie, has advised Culligan International on its acquisition of Primo Water Corporation’s European business in an all-cash transaction valued at up to USD 575 million.

Lithuania becoming a buyer's market as well as new court decisions open the door for traditionally less used M&A deal structures according to CEE Attorneys Partner Oksana Kostogriz.

Walless has advised Arginta and Atzwanger on the Vilnius sewage treatment plant renovation project worth EUR 37.1 million.

On November 3, 2023, Cobalt announced that Ignitis Renewables' acquisition of a wind farm in Kelme, Lithuania, from E Energija (reported by CEE Legal Matters on July 4, 2023) had closed.

Many might be surprised these days, but when Lithuania joined the EU in 2004, it was an electricity exporter, producing more energy than it consumed. The Ignalina Nuclear Power Plant was operational, and Lithuanian consumers were unaware of potential concerns over electricity prices.

The regulatory framework of the Lithuanian labor market underwent several important updates. Most of these developments are concerned with regulating labor migration.

Lithuania’s intellectual property (IP) market is active in the area of trademarks and copyright, with businesses and creators starting to understand the value of IP protection. This trend does not yet extend to patents, but trade secrets are a highly litigated area, and their protection is broader than ever.

Taylor Wessing has advised Lithuania's Vinted Go on its acquisition of Dutch logistics company Homerr.

TGS Baltic, working with Oppenhoff, has advised Hawesko on its partnership with the Dunker Group through the acquisition of 50% of Dunker Group's shares. Triniti advised Arkastro OU, the holding company of Dunker Group founder Arvo Kask, who sold his stake to Hawesko.

Wardynski & Partners, working with Freshfields Bruckhaus Deringer, has advised the Bauer Media Group on the merger of its online comparison platform business with that of the Netrisk Group.

TGS Baltic has advised Lithuanian cyber security tech unicorn Nord Security on attracting a USD 100 million investment from US private equity group Warburg Pincus. Sorainen reportedly worked with Kirkland & Ellis and De Brauw Blackstone Westbroek to advise Warburg Pincus.

More than two years ago, in April 2021, the European Commission presented its long-awaited proposal to regulate the use of artificial intelligence (AI) in Europe. AI is a rapidly developing group of technologies. Today, there is little doubt that these technologies have the potential to bring (and are already bringing) enormous economic and societal benefits across a wide range of industries and social activities. However, in the absence of legal regulation, these technologies can also be abused, with particularly severe consequences for both individuals and society.

Noor and the Lithuanian Red Cross Society have executed a memorandum of cooperation based upon which Noor will provide continuous legal advisory and assistance to the Red Cross on various legal matters.

TGS Baltic has successfully represented Orlen Lietuva, Philip Morris Lietuva, and Lietuvos Pastas in a dispute regarding the lawfulness of an out-of-court bankruptcy process for Inter Rao Lietuva.

From the implementation of a bank windfall tax to a surge in crowdfunding and factoring and banks’ newfound appetite for real estate loans, the legal, financial, and regulatory landscape of Lithuania is constantly evolving, according to Adon Legal Partner Marius Matiukas.