Cobalt has advised BaltCap on its investment in Fitekin and Onea software platforms of the Unifiedpost Group.

TGS Baltic has advised Civinity on a private placement of an issue of bonds with a nominal value of EUR 5.7 million.

The Baltic region, comprising Lithuania, Latvia, and Estonia, boasts an emerging public capital market facilitated by the unified securities trading platform – the Nasdaq Baltic Stock Exchange.

Dentons has advised the Republic of Lithuania on its EUR 1 billion bond issuance. Reportedly, TGS Baltic advised the Republic of Lithuania as well while Freshfields Bruckhaus Deringer and Sorainen advised the underwriters.

Articles 13 and 14, along with other provisions of the EU General Data Protection Regulation (the GDPR), require businesses to provide individuals with comprehensive information about the processing of their personal data.

Walless has successfully represented Elektrum Lietuva before the Supreme Court of Lithuania.

Contributed by WALLESS.

TGS Baltic has advised Rulonas on its acquisition of IMS Baltic companies from Metal Service Group Holding. Widen Legal reportedly advised the sellers.

Cobalt has advised IISUTIB Raft Capital Baltic Equity Fund on raising EUR 50 million in investments.

On April 24, 2024, the European Parliament adopted a resolution for a directive aimed at improving working conditions on platforms. This is a significant step towards addressing the needs of platform workers, such as 'Bolt' and 'Wolt' couriers, throughout the European Union.

For our Checking In feature, we reach out to partners and heads of practice across CEE to learn how specific practice areas are faring in their jurisdictions. For this piece, we asked firm Labor experts:  Have whistleblowing regulations been implemented in your jurisdiction and would you advise companies to use an external solution or an in-house one? Why?

Across Europe, defense sectors are experiencing significant transformations and budgetary escalations, driven by a need for enhanced military readiness and modernization. Avellum Partner Andriy Romanchuk, Cobalt Partner Deividas Soloveicik, Nagy es Trocsanyi Partner Gyorgy Kiszely, and Tuca Zbarcea & Asociatii Partner Serban Paslaru take a closer look at defense spending in their respective countries.

Averus has advised sellers Arunas Suika and Renata Suikiene on their sale of VS Fitness – operating eight fitness clubs in Lithuania – to Gym Plius. Ellex Valiunas reportedly advised the buyer. Estonian investment bank LHV financed the transaction.

Fort has advised EIKA Grupe on its purchase, together with the Etapas Group, of the plot and project planned for the site at 4 Seinu Street, in Vilnius, from NT Pletros Grupe. Sorainen reportedly advised the seller.

On the evening of April 25, 2024, the Deal of the Year Awards Banquet brought together, under the same roof, top-tier lawyers from Central and Eastern Europe's leading law firms in the region in Warsaw.

TGS Baltic has advised Coinvest Capital on liquidating its investment in Lithuanian crisp producer Chazz through the sale of its 26% stake to the company's founders and other shareholders.

Estonian law firm Lextal, Latvian law firm RER Lextal, and Lithuanian law firm ILAW Lextal have unveiled their new name and identity: Widen, "a Baltic law firm that sees itself as the Legal Jazz Company."

TGS Baltic has advised the investors, including Scale Wolf VC and Linas Sargautis, on participating in Vilnius-based Blackswan Space's EUR 760,000 pre-seed funding round.