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Cobalt’s pan-Baltic team covers all aspects of banking and finance, and also ‘demonstrates constant high quality’ in the private equity and venture capital sectors. Notably, it is also handling DNB’s merger with Nordea. Practice head Akvilė Bosaitė and managing partner Irmantas Norkus acted for Deutsche Bank, which formed part of a consortium of international institutional investors, on financing the acquisition of a loan portfolio from Bank SNORAS. Bosaitė has ‘deep knowledge’ and is recommended along with ‘strong negotiatorElijus Burgis. Eva Suduiko was promoted to managing associate.

Led by Gediminas Rečiūnas, Ellex’s practice is divided into specialised teams, including the capital markets and funds group. Joana Baublytė-Kulvietė, who recently made partner, heads the financial markets and regulation practice; she worked with Rečiūnas and senior associate Laurynas Narvydas on Danske Bank’s exit from the retail financial services market, handling the sale of its daily banking products. Other clients include Barclays, BNP Paribas and MetLife. Giedrius Stasevičius is widely respected.

Alternative finance pioneer Sorainen has ‘top knowledge’ and is retained by leading clients such as Nordea and HSBC. Practice head Tomas Kontautas was recently appointed managing partner; he acted for 4finance’s subsidiary on relaunching its Lithuanian consumer credit activities following the company’s removal from the public list of consumer credit providers. Augustas Klezys, who leads the financial services and insurance sector group, was promoted to specialist counsel along with head of private equity Mantas Petkevičius.

TGS Baltic has been assisting the European Investment Bank with financial instruments and the development of a holding fund. Practice head Vilius Bernatonis advised ING Bank, as lead arranger, and a syndicate of international lenders on refinancing and increasing a financing facility made available to Indorama Ventures for its acquisition of CEPSA Quimica. Vidmantas Drizga heads the capital markets group and associate partner Jūratė Kūgytė is another experienced figure.

Eversheds Saladžius (a member of Eversheds Sutherland)’ practice has transactional, compliance, consumer finance and banking security teams. Tomas Rymeikis recently worked with managing partner and department head Jonas Saladžius to advise Rietumu Banka and VPH. They also advised Bank of Scotland on refinancing and security instrument documentation.

At Glimstedt Bernotas & Partners, Kęstutis Jaskutėlis and senior associate Audrius Žvybas assisted ARVI ir ko with obtaining a credit facility worth over €30m from Sberbank’s Belarus branch. MasterCard and LitCapital I are also clients. Practice head Linas Sesickas and associate partner Andrius Ivanauskas are recommended.

Primus, Attorneys at Law has a sizeable factoring practice. It also represented Marijampolės apskrities atliekų tvarkymo centras in litigation relating to acquiring EU cohesion funds to create a waste management system. Other clients include ERGO insurance and East Capital. Associate partner Liutauras Baikštys heads the practice, in which the other main contacts include managing partner Robert Juodka and of counsel Gintarė Trukšnytė, who joined from SEB.

Baranauskas & Partners Hansa Law Offices acts for banks, credit unions and peer-to-peer lenders. Vidas Vilkas and Dalius Baranauskas are the primary contacts and the latter has been defending Bank of Lithuania and the Republic of Lithuania against 446 investors, who allege that the clients failed to supervise a domestic bank properly.

Dominas Derling’s recent mandates include revolving loan facilities and Nasdaq Stock Market listings. Managing partner Gediminas Dominas leads the practice, which acts for clients such as Bank of Georgia and LHV Pank.

Triniti’s managing partner Linas Sabaliauskas and associate partner Sonata Krasauskienė recently worked with an international law firm to advise TRAFI as investee on a capital injection via a $6.5m series A investment from global and domestic investors.

Senior associate Kazimieras Karpickis heads the practice at Leadell Balciunas & Grajauskas and is adept at bankruptcy and insolvency matters. Credit unions, individuals, banks and leasing services instruct the team. Managing partner Marius Grajauskas and Gintaras Balčiūnas are also recommended.

Credit unions retained Magnusson on wide-ranging matters, including electronic banking advisory work and financial disputes. Other clients include Orion Securities and ViaCon Baltic. Kaunas-based associate Kęstutis Baranauskas heads the practice and Marius Liatukas is the main contact in Vilnius.

PwC Legal’s Rokas Bukauskas advised the Lithuanian Ministry of Finance on negotiating with the European Investment Bank to establish a JESSICA II fund for sustainable urban renewal. Other clients include banks and consumer credit providers.

Tomas Talutis, managing partner at TVINS, has ‘deep knowledge’ and recently advised Lords LB Asset Management on obtaining a licence for managing alternative investment funds and on establishing a fund to finance Baltic energy and infrastructure projects. Vytautas Šenavičius is also recommended.

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Legal Developments worldwide

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  • The importance of the effective date in tax laws

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Press Releases worldwide

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