The Vilnius office of Fort has advised the EIKA real estate development company on a five million bond issue, distributed by Siauliu Bankas.

TGS Baltic has advised the shareholders of the Baltic hotel services portal NoriuNoriuNoriu on the sale of 90% of the shares of UAB NoriuNoriuNoriu to UAB Disrupta. 

The Vilnius office of Sorainen has advised Bittiq, a Netherlands-based account information manager, on the launch of its business in Lithuania.

SPC Legal has advised the Panevezys free economic zone of Lithuania on an investment  from cable harness manufacturer AQ Wiring Systems. iLaw reportedly advised AQ Wiring Systems on the deal.

Arendt & Medernach has helped INVL Asset Management launch the INVL Sustainable Timberland and Farmland Fund II.

Walless has advised Sapiens International Corporation on its acquisition of Tia Technologies from EQT Mid Market. Kromann Reumert reportedly advised the seller on the deal.

On September 8, 2020, CEE Legal Matters reported that the Lithuanian office of Cobalt had advised INVL Baltic Sea Growth Fund on its acquisition of a 48% stake in MBL from Accession Mezzanine Capital III and the Lauritsen family. CEEIHM spoke with Nerijus Drobavixius, Partner at INVL Baltic Sea Growth Fund, to learn more about the deal.

Former Senior Associate Andrius Lukasonokas has been promoted to Associate Partner at Primus in Lithuania.

Fort Legal has advised Broadcast Solutions on its acquisition of 100% of the shares in Lithuania’s TVC Solutions from Practica Capital and four other unidentified shareholders.

Lina Zolyne has joined the Sun Investment Group in Lithuania as Group General Counsel.

On October 12, 2020, CEE Legal Matters reported that Triniti Jurex had advised Restaurant Group Fortas in a dispute with an unnamed insurance company. CEEIHM spoke with Valdas Merzvinskas, General Manager at the Restaurant Group Fortas, to learn more about this matter.

Marger Law Firm has successfully represented Lithuania’s Svencionys municipality in a dispute about the effectiveness of a previous arbitration award with an unspecified contractor that was heard by the Supreme Court of Lithuania.

Ellex Valiunas has helped Curve obtain an electronic money institution license from the Bank of Lithuania and transfer its European activities to the country.  

Triniti Jurex has successfully helped Termolink obtain damages from a general contractor for work the company performed as a constructor on an unspecified project.

Cobalt has advised the Latvian private healthcare group Repharm on the acquisition of a network of MediCA, Kardiolita, and 33 other clinics from UAB CGP Management, and their subsequent merger with InMedica, a network of medical clinics indirectly managed by the INVL Baltic Sea Growth Fund.

The situation in Lithuania is quite dynamic at the moment, says Robertas Ciocys, Partner at Ellex Valiunas, pointing both to the recent parliamentary elections and the overspill of Belarusian IT companies into the country. 

Cobalt has advised Arunas Kuraitis on a 30-year lease of a building in Vilnius's Old Town from Lithuania's Jesuit Province. Wint advised the Jesuit Province on the deal.

Cobalt has advised Practica Capital on the final close of the Practica Venture Capital II fund, which included a EUR 2 million investment from Swedbank Asset Management. The total fundraising amount reached EUR 28.5 million.