On January 18, 2021, CEE Legal Matters reported that Cobalt had advised Practica Capital on its investment in Lithuanian start-up Biomatter Designs – part of the latter's EUR 500,000 investment round. CEEIHM spoke with Donatas Keras, Co-Founding Partner at Practica Capital to learn more about the matter.

TGS Baltic has successfully represented LTG Infra in a dispute with a consortium consisting of Leonhard Weiss RTE, Hidrostatyba, and Autokausta over a delay in the implementation of a EUR 54.8 million contract for the construction of the Kaunas-Palemonas railway.

Ellex Klavins and Ellex Valiunas have advised Livonia Partners on the sale of 100% of the shares in Santa Monica Networks to LMT in Latvia and Lithuania, respectively. Eversheds Sutherland advised the buyer.

Cobalt has advised Danish renewable energy producer European Energy on its acquisition and development of wind and solar farms in Lithuania.

Sorainen has advised video game developer and publisher Wargaming on its lease of 5000 square meters of office space spread over five floors in the East building of the Quadrum Business Center in Vilnius. 

On March 26, 2021, CEE Legal Matters reported that Motieka & Audzevicius, working with Orrick, Herrington & Sutcliffe, had advised Lithuanian start-up Turing College on its relocation to the United States in order to participate in Silicon Valley accelerator Y Combinator. CEE In-House Matters spoke with Benas Sidlauskas, Co-founder & CBDO at Turing College, to learn more about the matter.

TGS Baltic and Clifford Chance have advised Baltic shopping and entertainment developer Akropolis Group on a EUR 300 million Eurobond issuance. Walless and Linklaters advised global coordinators and joint book-runners BNP Paribas and J.P. Morgan.

Triniti Jurex has successfully represented Lietuvos Pastas in a trademark dispute with Deutsche Post before the European Union Intellectual Property Office.

Cobalt has advised Estonia's Aktiva Finants on its acquisition of Viena Saskaita, the first and largest specialized payment platform in Lithuania, from ME Investicija.

Sorainen, working with lead counsel DLA Piper Sweden, has advised Storskogen on its acquisition of a majority stake in Scandia Steel.

Fort has advised the Eika Real Estate Fund on its entrance into an agreement with Tamro UAB to develop a built-to-suit type logistics and business center and its lease in the Kaunas district of Lithuania. Walless advised Tamro on the deal.

Orrick, working with the Lithuanian office of Cobalt, has advised Interactio, a Lithuania-based remote interpretation platform, on its recent USD 30 million Series A funding round, which was co-led by Eight Roads Ventures and Storm Ventures included Notion Capital and Practica Capital and angel investors such as Jaan Tallinn, the co-founder of Skype, and Young Sohn, ex-chief strategy officer of Samsung. Withersworldwide advised the investors.

Averus has advised newly established Lithuania-headquartered Heston Airlines on its launch. The company was granted an air operators certificate from the Lithuanian Transport Competence Agency and intends to initiate its charter and wet-lease operations this summer.

On April 7, 2021, CEE Legal Matters reported that Sorainen had advised private equity company ConHostinger on the acquisition of an approximately 31% stake in Hostinger, a company providing web hosting, VPS, Internet domain registration, website building software, and e-mail services. CEEIHM spoke with Thomas Strohe, Partner at ConHostinger, to learn more about the matter.

Deloitte Legal Lithuania and LeitnerLaw have advised Hoerbiger on the cross-border merger of Lithuanian entity Hoerbiger LT UAB into Austrian entity Hoerbiger Wien. 

Ellex Valiunas, working alongside Norway's Bahr law firm, has advised Sweden's Alfa Laval on its EUR 363 million acquisition of weather intelligence company StormGeo, including its Lithuanian subsidiary. The transaction is expected to close in the second quarter of 2021.

Sorainen has advised Eco Baltia, backed by the INVL Baltic Sea Growth Fund and the EBRD, on its acquisition of an 85% stake in Ecoservice from the BaltCap Private Equity Fund II. TGS Baltic advised the seller.

The Vilnius office of Sorainen, working with lead counsel Fasken, has advised Canada-based payment technology provider Nuvei on its USD 250 million acquisition of Simplex.