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Lithuania has showed some positive economic signs recently, thanks to the early implementation of austerity measures, but investors still fear another downturn and this slowed the pace of M&A, capital markets and large asset deals, meaning that law firms are fighting for fewer mandates. The legal market has also been affected by continued downward pressure on fees. One likely avenue for upcoming transactional work is that a number of upcoming private equity funds are expected to make exits from key Lithuanian companies.

On the litigation side, the nationalisation and subsequent bankruptcy of commercial bank Snoras brought a significant amount of contentious work, with the most complex cases being handled by leading banking and finance firms Bernotas & Dominas Glimstedt, Eversheds Saladžius, Lawin, Raidla Lejins & Norcous, and Sorainen.

Lithuania recently adopted the EU Third Energy Package and is keen to diversify its energy sources, which has prompted major projects to keep law firms busy. The Visaginas nuclear plant is one such development, although a recent referendum rejected the site’s construction plans, leaving a question mark over its future.

Lawin is the market’s largest firm and specialises in various legal disciplines. Its closest competitors are Raidla Lejins & Norcous, Sorainen and Tark Grunte Sutkiene.

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Legal Developments in Lithuania

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
  • Bad Faith Practice in Lithuania

    One can witness an increase in the volume and complexity of trademark cases in Lithuania during the past few years. Bad faith is one of the most interesting and, probably, the most complicated issue that Lithuanian courts as well as Lithuanian State Patent Bureau1 have recently discussed in a number of their rulings. There is no clear definition neither in law, nor in case practice on what acts should be considered as made in bad faith, therefore, these cases always serve as a basis for extensive public discussions and form grounds for further disputes.
  • IP law in Lithuania

    On 26 September the Geneva Act of the Hague Agreement Concerning the International Registration of Industrial Designs came into force in Lithuania. According to this Act the protection of design in other countries shall become easier and cheaper for Lithuanian companies.
  • REVIEW of real estate collective investment undertakings’ (CIU) legal regulation

    On March 1, 2008 a recast Law on Collective Investment Undertakings of the Republic of Lithuania came in force. From this date on, new special collective investment undertakings may be established in the Republic of Lithuania, including real estate investment trusts (REIT), private equity funds, funds of funds as well as hedge funds, etc.
  • REVIEW of private equity collective investment undertakings’ (CIU) legal regulation

    On 1 March 2008, the recast Law on Collective Investment Undertakings of the Republic of Lithuania came in force. From this date on, new special collective investment undertakings may be established in the Republic of Lithuania, including real estate investment trusts, private equity funds, funds of funds as well as hedge funds, etc.

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