Cobalt has advised Asgaard Oriens on its investment in a vertical farm in Lithuania co-developed by the Leafood Group. Motieka and Audzevicius advised the Leafood Group.
Cobalt and Sorainen Advise on Aurelius’ Acquisition of McKesson UK
Cobalt, working with Mayer Brown, has advised Aurelius on the acquisition of McKesson UK. Sorainen advised the seller.
Cobalt and Triniti Advise on Bewi's Acquisition of BalPol
Cobalt has advised Bewi on its acquisition of the Lithuanian insulation company UAB Baltijos Polistirenas. Triniti advised the sellers on the deal.
Cobalt, TGS Baltic, and Ellex Advise on Kongsberg's Acquisition of NanoAvionics
Cobalt has advised Norwegian technology company Kongsberg Defense & Aerospace on the acquisition of the Lithuanian small satellite manufacturer NanoAvionics. TGS Baltic advised NanoAvionics founders Vytenis Buzas and Linas Sargautis who, together with AST & Science, sold NanoAvionics. Ellex advised AST & Science.
Sorainen Advises Atsinaujinancios Energetikos Investicijos on EUR 10 Million Bond Issuance
Sorainen has advised Lords LB-managed Atsinaujinancios Energetikos Investicijos on a second four-year green bond issuance. Luminor Bank was the main distributor of the EUR 10 million issuance.
Jovita Valatkaite Appointed Head of Employement at Cobalt
Managing Associate Jovita Valatkaite has been appointed as the Head of the Employment Law practice group in Cobalt’s Lithuanian office.
Ilyashev & Partners Announces Glimstedt Cooperation
Ilyashev & Partners has announced it has started a cooperation with Glimstedt to expand the firm's capabilities in EU countries.
Walless Advises Reverest on Obtaining Management License from Bank of Lithuania
Walless has provided legal support to Reverest Asset Management on receiving the authorization to operate as a management company for collective investment undertakings for informed investors from the Bank of Lithuania.
Cobalt Advises Meko on Koivunen Acquisition
Cobalt has advised vehicle parts distributor Meko on its EUR 122 million acquisition of spare parts and services provider Koivunen.
Sorainen Advises IK Partners and Renta on Uprent Acquisition
Sorainen has advised IK Partners and the Renta Group on the acquisition of the Uprent Group.
Cobalt Successful for AirBaltic and Riga International Airport Before Supreme Court of Lithuania
Cobalt has successfully represented AirBaltic and the Riga International Airport before the Supreme Court of Lithuania against antitrust claims brought by bankrupt carrier FlyLAL.
TGS Baltic Advises Valstybes Investicinis Kapitalas on EUR 25 Million Note Issuance
TGS Baltic has advised Valstybes Investicinis Kapitalas on a EUR 25 million note issuance. Luminor Bank was the sole manager and bookrunner.
Closing: INVL Acquisition of Mandatum Life’s Baltic Insurance Business Now Closed
On July 1, 2022, Sorainen announced that INVL’s acquisition of the Mandatum Life Baltic insurance business (reported by CEE Legal Matters on June 29, 2021) had closed, after obtaining all the necessary licenses and permits from the Baltic and Finnish supervisory authorities (as reported by CEE Legal Matters on March 18, 2022).
Motieka & Audzevicius Successful for ICOR Group in Dispute with Republic of Lithuania
Motieka & Audzevicius has successfully defended Veolia's Lithuanian partner ICOR Group and other Lithuanian respondents, before Court of Appeal, from a EUR 240 million claim filed by the Republic of Lithuania.
Sorainen Advises Farfetch on Acquisition of Wannaby
Sorainen has advised fashion retail platform Farfetch on its acquisition of augmented reality startup Wannaby. The transaction closed in April 2022.
Motieka & Audzevicius Advises Orion Fund on Private Bond Investment in Germany
Motieka & Audzevicius, working with Osborne Clarke, has advised the Orion Private Equity Debt Fund I on the EUR 7 million acquisition of secured mezzanine bonds issued by Austrian real estate developer Soini Asset to finance its real estate projects in Germany. Fieldfisher reportedly advised Soini Asset.
The Buzz in Lithuania: Interview with Elijus Burgis of Cobalt
Stable markets and an increase in start-up and tech sector professionals are looking good for Lithuania right now, but there are some standing hurdles within competition regulations that could stifle the free movement and growth of business, according to Cobalt Partner Elijus Burgis.
Sorainen Successful for Zalgiris Before Vilnius Court
Sorainen has successfully represented basketball club Zalgiris in a case against the Lithuanian Competition Council before the Vilnius Regional Administrative Court.