Ellex has advised investment fund manager BLF Management on its establishment and licensing in Lithuania.
BLF Management is a management company focused on financing legal disputes using the investment fund model. According to Ellex, "BLF Management will specialize in the management of an investment fund that invests exclusively in legal disputes (litigation and arbitration) in the Baltic states and Eastern and Central Europe. BLF Management, the manager of the new Baltic Litigation Fund, is the first company of its kind in Eastern European countries and just the second in the whole of Europe which has received a license from a national regulator for this type of activity."
According to the firm, "the Financial Market Supervision Service of the Bank of Lithuania, following a request from the management company BLF Management, approved the rules of the Baltic Litigation Fund – a closed-end investment fund for informed investors established by this company. This step marks the official launch of the fund’s activities."
Ellex’s team included Partner Ieva Dosinaite, Senior Associate Gyte Maleckaite, and Associate Domantas Gudonis.