Mr Tomas Kontautas > Sorainen > Vilnius, Lithuania > Lawyer Profile

Sorainen
44A Gedimino Ave
LT-01110 Vilnius
Lithuania

Work Department

Finance & Insurance

Position

Country Managing Partner, head of Finance & Insurance team in Lithuania

Career

Although Tomas Kontautas’ passion is insurance law, over the years he has 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. Tomas is happy to navigate clients through all these fields.

Creating the regulatory environment. Tomas’ professional career began at the financial regulator, where he had a chance to contribute to development of the regulatory environment in Lithuania and the EU. While working in the legal business Tomas has 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 he was the expert on the Ministry of Finance ECOFIN team.

Standout regional projects. Sorainen clients have entrusted the team 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. Tomas has also taken on work with the most serious insurance claims, ranging from D&O (directors and officers) liability claims to air crashes.

Country Managing Partner. Tomas was happy to see that my work was valued not only by clients but also by colleagues, who in 2017 entrusted me with the position of Country Managing Partner of the firm’s Lithuanian office. This keeps Tomas busy helping the firm’s partners and managers to assure smooth implementation of the firm’s strategy and growth of new leaders.

Long-time academic. Tomas has 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. He truly enjoys the academic life – discussions with students, scientific research (his book on Insurance Contract Law was the first on the subject in Lithuania) and projects with foreign universities. When teaching Tomas aims 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)

Tomas KontautasSorainen

Lithuania > Fintech

Pan-Baltic firm Sorainen has a sizeable footprint in the Lithuanian fintech market, as has been evidenced by its work for the Lithuanian government, which recently included advising on its guidelines on tokenised IPOs. Also notable is that the firm is an official partner of the Wise Guys Fintech 3 accelerator programme, which is an initiative set up to encourage startups to set up in Lithuania. Managing partner Tomas Kontautas, who formerly worked for the financial regulator, has been very active in assisting international companies with obtaining e-money licences. He co-heads the practice with ex-banker Augustas Klezys, who is similarly well-placed to handle complex licensing and regulatory issues.