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Ellex

JOGAILOS 9, 01116 VILNIUS, LITHUANIA
Tel:
Work +370 5 268 1888
Fax:
Fax +370 5 212 5591
Email:
Web:
www.ellex.lt
Riga, Tallinn, Vilnius

Lithuania

Banking, finance and capital markets
Banking, finance and capital markets - ranked: tier 1

Ellex

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.

Leading individuals
Next generation lawyers

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Commercial, corporate and M&A
Commercial, corporate and M&A - ranked: tier 1

Ellex

Ellex acted for Telia Company (formerly TeliaSonera) on its high-profile sale of Omnitel to Teo. New clients include Hubert Burda Media, Cognizant and Unifeeder. Dovilė Burgienė heads the department, which fields specialised teams: Žilvinas Zinkevičius leads the strategic and foreign M&A group, Ramūnas Petravičius leads on infrastructure projects and M&A matters, and associate partner Povilas Žukauskas heads the restructuring and bankruptcy team, and Robertas Čiočys manages private equity and venture capital M&A. Managing partner Rolandas Valiūnas is well regarded.

Leading individuals
Next generation lawyers

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Dispute resolution
Dispute resolution - ranked: tier 1

Ellex

According to clients, Ellex is ‘the best in the country’ for arbitration and cross-border litigation across a variety of disputes. New client Amber Grid instructed the practice to bring two actions against Achema to recover fees for using an LNG terminal. Practice head Vilija Vaitkutė Pavan is ‘a keen tactician’ and Andrius Smaliukas excels in arbitration. Associate partner Miroslav Nosevič and former Supreme Court judge Egidijus Baranauskas are well regarded. Darius Bugailiškis and the ‘talented’ Giedrė Aukštuolienė were promoted to senior associate.

Leading individuals

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EU and competition
EU and competition - ranked: tier 1

Ellex

Ellex has a ‘high-quality’ practice, which has recently been active in Lithuanian Competition Council (LCC) investigations, state aid cases and private enforcement litigation. Pfizer and JCDecaux are key clients. Practice head Marius Juonys defended Guliverio kelionės and Zigzag Travel in a cartel matter. EU practice head Jaunius Gumbis is well respected, as is recently promoted associate partner Karolis Kačerauskas. Among the senior associates, Paulius Mencas was recently promoted, Giedrė Adomavičiūtė joined from Sorainen and Ilona Jančiauskaitė is an experienced figure.

Leading individuals

Marius Juonys - Ellex

Next generation lawyers

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Employment
Employment - ranked: tier 1

Ellex

Ellex has strength across the board, handling everything from the transfer of employees in corporate transactions to cross-border transactions and legislative matters. Ramūnas Petravičius and senior associate Rimantas Stanevičius are advising the Investors' Forum on challenging Lithuania’s new Labour Code on behalf of various companies, and have been representing the employers’ organisations before parliament and the Tripartite Council of the Republic of Lithuania, where the firm negotiated amendments to the Code with trade unions. Handling Barclays’ review of a global agreement for international recruitment services was another highlight for the practice, which acts for large employers such as Michael Kors and Cisco.

Next generation lawyers

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Intellectual property
Intellectual property - ranked: tier 1

Ellex

Ellex excels in the IP litigation space. Group head Vytautas Mizaras is representing Akzo Nobel Baltics in two multijurisdictional disputes, including defending the client in a landmark trade mark dispute concerning passing off of signs that are similar to registered a trade mark. Jaunius Gumbis continues to represent Exeltis Baltics in patent litigation regarding the revocation of four patents owned by Bayer. Telia Company and the Lithuanian Basketball Federation are also clients.

Leading individuals
Next generation lawyers

Mantas Rimkevičius - Ellex

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Projects and energy
Projects and energy - ranked: tier 1

Ellex

Ellex acts for an array of energy companies – including gas, wind and electricity – and heating utilities. Dovilė Greblikienė leads the energy group, which is part of the regulatory industries and trade practice led by Jaunius Gumbis, and is advising Veolia on a heating sector lease agreement; the client is being represented in a regulatory investigation relating to the lease, which ended in 2017. Infrastructure projects practice head Ramūnas Petravičius is representing the Republic of Lithuania in arbitration with Gazprom pertaining to allegations that the respondent failed to supply natural gas at a fair price. Other clients include enerty, Klaipėdos nafta, Nord Pool Spot and Minijos nafta.

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Real estate and construction
Real estate and construction - ranked: tier 1

Ellex

Ellex recently advised new client Laurus Properties on acquiring Geneba’s 42-property portfolio of lettable space, and is leading the client’s disposal of a multimillion-euro portfolio, including the Business Centre Vertas and the BIG Shopping Centre. East Capital and VPH are clients of the practice, which is led by Tomas Milašauskas. Evaldas Klimas, Indrė Jonaitytė-Gricė and Simas Gudynas are recommended.

Leading individuals
Next generation lawyers: partners

Evaldas Klimas - Ellex

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Shipping and transport
Shipping and transport - ranked: tier 1

Ellex

At Ellex, practice head Ramūnas Petravičius has been advising Rail Baltica and the Ministry of Transport and Communications on EU funding and inter-governmental negotiations for the Rail Baltica project. Aviation guru Gediminas Rečiūnas has been active in aircraft leasing and repossession cases, while Vilija Vaitkutė Pavan is representing ORLEN Lietuva in arbitration and court proceedings against Lithuanian Railways.

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TMT
TMT - ranked: tier 1

Ellex

Clients such as IBM and Sanofi call on Ellex’s specialists, including members of its life sciences, entertainment and commercial practice. Department head Jaunius Gumbis acted as local counsel to Hubert Burda Media on making a $27m series C investment in Vinted.com. Tomas Kamblevičius, Julius Zaleskis and Mantas Rimkevičius are up-and-coming senior associates.

Leading individuals

Jaunius Gumbis - Ellex

Next generation lawyers

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Tax
Tax - ranked: tier 1

Ellex

Ellex is ‘a clear leader in the market’ and has been attracting mandates concerning customs, international taxation and tax due diligence. The firm defended AviaBaltika against Lithuanian customs authorities in a case concerning alleged breaches of customs clearance procedures. It also handled transfer pricing work for Telia Company in its sale of Omnitel to Teo LT. Other clients include Danske Bank, Pfizer and a number of high-net-worth individuals. Recently promoted partner and practice head Aistė Medelienė is recommended for her client care, senior associate Mindaugas Lukas is ‘very valuable’ and consultant Gintaras Balčius is highly experienced.

Leading individuals

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Legal Developments by:
Ellex

  • BALTIC ARBITRATION & LITIGATION NEWS

    Inside this issue:  Latest case law in labour matters Protection of proprietary in-terests of a company at the European Court of human rights — why not? Assessing the transfer of an undertaking NEWS – ANNOUNCEMENTS – EVENTS
    - Lepik & Luhaäär LAWIN

Legal Developments worldwide

Legal Developments and updates from the leading lawyers in each jurisdiction. To contribute, send an email request to
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    On 10 August 2017 the Luxembourg Stock Exchange announced that all domestic and foreign issuers operating on the regulated market (Bourse de Luxembourg) or on the multilateral trading facility (Euro MTF) of the Luxembourg Stock Exchange must provide their legal entity identifier (“LEI ”) codes to the Luxembourg Stock Exchange before 15 September 2017.
  • Luxembourg law on the exploration and use of space resources entered into force

    The Luxembourg law on the exploration and use of space resources of 20 July 2017 entered into force on 2 August 2017 and placed Luxembourg among the most innovative space-oriented nations in the world.
  • VAT in the GCC – Q&A updates from the UAE Ministry of Finance

    On 9 July the United Arab Emirates (UAE) Ministry of Finance (MOF) published an update of the Value Added Tax (VAT) FAQ section of its website.
  • PRIIPs KID: The final pieces of the puzzle

    The pieces of the puzzle are finally falling into place. The long-awaited level 3 and 4 measures have been published earlier this week, half a year before the PRIIPs KID becomes compulsory.
  • MiFID II: Further guidance on product governance requirements

    Amongst the numerous topics covered by the Markets in Financial Instruments Directive II (MiFID II), the European Securities and Markets Authority (ESMA) has decided to provide further guidance on the requirements regarding product governance through its guidelines dated 2 June 2017 which focus on the target market assessment by manufacturers and distributors of financial products.     
  • Arendt & Medernach is again the “Luxembourg Tax Firm of the Year”

    The partners of Arendt & Medernach are pleased to announce that their firm has been awarded once again the prestigious “Luxembourg Tax Firm of the Year” title during the International Tax Review’s European Tax Awards ceremony held at the Savoy Hotel in London on 18 May.
  • Signature of the Multilateral instrument – reservations made by Luxembourg

    On 7 June 2017, the official ceremony for the signing of the multilateral instrument (“MLI”) took place bringing to a close a process initiated last year when a consensus was reached on the wording of the MLI on 24 November 2016 (see also our newsflash dated 2 December 2016, available on our website www.arendt.com section Publications/Newsflash).
  • Arendt & Medernach: Luxembourg Law Firm of the Year

    Luxembourg, May 2017 – Arendt & Medernach is proud to have been named “Luxembourg Law firm of the year” both by Chambers & Partners and IFLR (International Financial Law Review). The prestigious trophies were both received in April in London at the respective ceremonies of the Chambers Europe Awards 2017 and the IFLR European Awards 2017.
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  • An Introduction to Corporate Guarantee

    In the UAE, the risk management activities inherent in running a corporate or investment banking business remain of crucial importance, not least because of the strong local characteristic of “name lending”, by which is meant lending or providing other banking facilities to family or other private businesses, primarily on the strength of the “name” or “names” of the proprietors standing behind the business, rather than on the strength of the asset quality and underlying credit of the particular business. Of course, in practice, there is commercial overlap between the proprietors and the companies which they own, but the credit analyses can break down where poor banking practices and procedures result in poorly constructed legal documentation and gaps in guarantee and security support documents.