Mr Tomas Kontautas > Sorainen > Vilnius, Lithuania > Lawyer Profile
Sorainen Offices
44A Gedimino Ave
LT-01110 Vilnius
Lithuania
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Mr Tomas Kontautas
Work Department
Finance & Insurance
Position
Partner and Head of the Finance & Insurance in Lithuania. Although my passion is insurance law, over the years I have also developed a strong banking regulatory profile while dealing with complex regulatory matters of traditional financial market players and the fintech industry. The regulatory world is dynamic, always related to the bigger picture – transactions, competition law, disputes, government relations. I am happy to navigate clients through all these fields.
Career
Creating the regulatory environment. My professional career began at the financial regulator, where I had a chance to contribute to development of the regulatory environment in Lithuania and the EU. While working in the legal business I have continued to be in the midst of major regulatory initiatives, including the draft Insurance Law, the draft Financial Collateral Law implementing the ISDA Model Netting Act, and assisting the Ministry of Finance during Lithuania’s EU presidency, where I was the expert on the Ministry of Finance ECOFIN team.
Standout regional projects. Our clients have entrusted us with the most serious projects in the region, such as the merger of Nordea and DNB, the merger of Baltic Securities Depositories and financing a LNG terminal. Notable major insurance M&A deals deserve a separate mention, such as PZU’s acquisition of RSA Baltic business, the cross border mergers of If, Seesam, Ergo and Aon Baltic entities, and acquisitions by Vienna Insurance Group and Gjensidige. I have also taken on work with the most serious insurance claims, ranging from D&O (directors and officers) liability claims to air crashes.
Long-time academic. I have been lecturing at Vilnius University since 2002, taking a three year break from 2017 to 2020 when starting in the position of country managing partner at Sorainen. I truly enjoy the academic life – discussions with students, scientific research (my book on Insurance Contract Law was the first on the subject in Lithuania) and projects with foreign universities. When teaching I aim to develop not only the legal knowledge of the younger generation but also other professional skills needed to provide the best solutions for clients.
Languages
Lithuanian, English, Russian
Memberships
- Lithuanian Bar Association
- International Bar Association
- Vilnius Court of Commercial Arbitration
- Member of the Financial markets commission of Lithuanian Business Confederation
Education
- University of Santiago de Compostela, Spain (visiting scholar)
- University of Sassari, Italy (visiting scholar)
- Yeditepe University, Turkey (visiting scholar)
- University of Palermo, Italy (visiting scholar)
- Swiss Institute of Comparative Law, Switzerland (visiting scholar)
- Vilnius University, Lithuania (Dr of Social Sciences, Law)
- Hamburg University, Germany, and Erasmus University Rotterdam, The Netherlands (European Master in Law and Economics)
- Vilnius University, Lithuania (MA in Law)
Lawyer Rankings
Lithuania > Banking, finance and capital markets
(Leading individuals)The ‘top quality’ practice at Sorainen remains a prominent player in sustainable energy sector transactions and financings, with other core areas of expertise in bond and eurobond mandates. Moreover, the team also provides advice on innovative financial services such as crowdfunding, as well as support on ESG compliance. Key to this is co-head Tomas Kontautas who has a strong record in regulatory cases across the banking, fintech, and ESG landscapes. Co-head Augustas Klezys is highly experienced on transactions and derivatives;, while Other key names include Agnė Sovaitė on M&A financing and Vitalija Impolevičienė on ESG, finance and insurance regulation. Lina Aleknaitė-van der Molen joined the team from Cobalt in the latter half of 2023.
Lithuania > Fintech
(Leading individuals)Sorainen‘s finance and insurance department is led by the duo of Tomas Kontautas, who focuses on regulatory matters, and Augustas Klezys, who covers a range of transactions and fintech licensing issues across the EU. Further work in the fintech space for the practice include handling the establishment of new companies and acquisitions in addition to electronic money and crypto matters, areas for which senior associate Liutauras Vasiliauskas is noted. The firm also advises on anti-money-laundering matters, with Akvilė Jurkaitytė and Goda Drasute being key names in this space. The practice also recently recruited anti-money laundering expert Eimantas Vytuvis.
Lawyer Rankings
- Banking, finance and capital markets Lithuania
- Fintech Lithuania
- Leading individuals Lithuania > Fintech
- Leading individuals Lithuania > Banking, finance and capital markets
Top Tier Firm Rankings
- Banking, finance and capital markets
- Commercial, corporate and M&A
- Dispute resolution
- Employment
- EU and competition
- Fintech
- Intellectual property
- Projects and energy
- Real estate and construction
- Shipping and transport
- Tax
- TMT