Firm Profile > WALLESS > Vilnius, Lithuania

WALLESS
UPES STR. 23
08128 VILNIUS
Lithuania

Banking, finance and capital markets Tier 1

WALLESS is a relatively new entrant to the market, with its team having joined from Ellex in 2018. Joana Baublyte-Kulviete has a strong track record in financings and capital markets transactions. She jointly leads the practice with Gediminas Reciunas, who is reputed for his work in project and aviation finance. The team is also sought out to advise on licensing, fintech, fund management and insurance issues. Recent highlights included advising a consortium of BNP Paribas, Citi, JP Morgan and Luminor on the €1.5m purchase of bonds from UAB Ignitis Grupe.

Practice head(s):

Gediminas Reciunas; Joana Baublyte-Kulviete

Key clients

Blackstone

Inbank

Nayax

Simplex

Luminor

BNP Paribas

J. P. Morgan

Citi

PK AirFinance

Square

Commercial, corporate and M&A Tier 1

WALLESS hired a number of partners from Ellex in 2019, and in addition, expanded its presence in the Baltic region in 2020 by merging with Latvia’s Primus Derling and Estonia’s Derling Primus. Povilas Zukauskas, who leads the corporate team, is highly experienced in M&A, joint ventures and restructurings. Laura Ziferman heads up the commercial side of the practice, and is also prominent in complementary areas such as regulatory and competition law. Managing partner Dovile Burgiene has been instructed on some of the biggest deals seen in the Baltic region and is most notably active in the TMT, biotech and manufacturing sectors.

Practice head(s):

Povilas Zukauskas; Laura Ziferman

Other key lawyers:

Dovile Burgiene

Testimonials

‘Fast reply with clear resume of matter concerned.’

‘Ability to quickly find creative solutions.’

‘In-depth knowledge, feel of the market conditions, professionalism.’

‘Professional and reliable partner ’

‘Quality of service and efficiency is an exceptional feature’

‘Are very into the field that we are working on, always very responsive and helpful’

‘Excellent knowledge, great explanatory and presentation skills. Good solution finding.’

‘The main advantage would be that WALLESS’ commercial, corporate and M&A team mainly consists of excellent lawyers with not only best knowledge of the law, but also the market itself. It is highly appreciated to always work directly with firms’

Key clients

Vilnius City Municipality Administration

Kaunas City Municipality Administration

FIMA

LNK Group – Latvijas tilti

Affidea Group

SCHWENK Zement KG

Moody’s

Litagra

Thermo Fisher Scientific Baltics

Lords LB Asset Management

UAB “TOPO Centras”

Siemens

Ms Austeja Landsbergiene– owner of chain of prestigious kindergartens (Vaikystes Sodas) and schools in Lithuania (Karalienes Mortos Mokykla)

Yukon Advanced Optics Worldwide UAB

Baltic Horizon Fund

Eastnine

Deeper

tesa tape, UAB

Tututis, UAB

OTCF Lithuania, UAB

UAB Sapiegos klinika

UAB “Alna Business Solutions”

KINZE Manufacturing, Inc.

Blender

PUMA

Elfa Distrelec, UAB

Secure Nordic Payments

VK Turtas

K2 LT, AB

Huracán Coffee

Baltic Fert

Avesco AG

Credit union “Amber”

UAB Menerga

DAO Family

Ingleby

Practica Capital

Inbank

Blockchain.com

Booking.com

World Courier

SAI Global

Juvare Lithuania

Modus Group

MEAG Munich Ergo

Imlitex Holdings

Lideta AB

Fintech Tier 1

At WALLESSJoana Baublyte-Kulviete has a strong track record in handling licensing issues, which was showcased by her assisting the capital financing company PayRay with obtaining a full banking license from the Bank of Lithuania and the ECB. Gediminas Rečiūnas has been advising both local and international players on being granted e-money licences.

Practice head(s):

Joana Baublyte-Kulviete; Gediminas Rečiūnas

Testimonials

‘This law firm has gathered the best talents on the market.’

‘The team had in-house expertise and in-depth business understanding’.

Key clients

Square

RATO Credit Union

PayRay

BLender

Simplex

Wecash

Clearshift

Ambr Group

Nayax

SumUp

General Financing

Real estate and construction Tier 1

WALLESS’ real estate team includes experts in real estate, construction and development, as well as public procurement and public-private partnerships. Evaldas Klimas is a key name for construction and development work, with particular strengths in planning work. Transactional work is primarily handled by Indrė Jonaitytė-Gricė, who acts for companies, investment funds and family offices. The 'very efficientAkvilė Mackay is another key name for transactional work and leasing agreements. Associate Laura Ziferman  is recommended for procurement and PPP work.

Practice head(s):

Evaldas Klimas; Indrė Jonaitytė-Gricė; Laura Ziferman

Other key lawyers:

Akvilė Mackay

Testimonials

‘The team has very pragmatic and business oriented legal approach. It is not that easy from my practice to find legal professionals being business oriented.’

‘I have been dealing with Akvile Mackay lately. Akvile was very efficient in helping to negotiate the contract and finding the ways how to put it into the legal language acceptable for all parties. ’

‘WALLESS is a very efficient, commercial law firm. Their real estate practice covers both the regulatory part and real estate transactions.’

‘Partners of the practice Indrė Jonaitytė-Gricė and Evaldas Klimas make a very balanced combination in providing well-rounded solutions. Partner Indrė Jonaitytė-Gricė is a well-recognised expert in the real estate market dealing with the most complex real estate transactions. Her professionalism and great understanding of business makes her a perfect peer to have on your side. Partner Evaldas Klimas is a leader in construction and territorial planning. His experience makes him irreplaceable in any new projects developed by our company.’

Key clients

Baltic Horizon Fund (BHF)

LORDS LB BALTIC GREEN FUND (V)

Vilniaus baldai, AB

Lords LB Asset Management

REWO (subsidiary Žygimantų 12, UAB),

Eastnine

Vilnius City Municipality Administration

Trakai city municipality

Vaikystes sodas / KMM

Tax Tier 1

WALLESS is ‘highly regarded’ and has ‘a solid reputation with the tax authorities and in the market generally’. Practice head Aistė Medelienė undertakes both advisory work and dispute resolution, and has expertise in both litigation and arbitration. She is also skilled in customs law and private wealth management. She forms the team with Mindaugas Lukas , who specialises in tax structuring, transaction and private wealth management.

Practice head(s):

Aistė Medelienė

Other key lawyers:

Mindaugas Lukas

Testimonials

‘Both partners in the practice, Aistė Medelienė and Mindaugas Lukas, make a very balanced combination of expertise, experience and innovation. They are highly regarded and have solid reputation with the tax authorities and in the market generally. Mindaugas Lukas stands-out for not being afraid to deal with hard issues and complex situations, openly present and discuss all ups and downs, simply explain risks and benefits. Aistė Medelienė has an unmatched ability to professionally moderate client.’

‘Quick and responsive. Makes their homework before jumping into conclusions or actions. Stops the client from risky or non-necessary actions.’

Key clients

Inbank AS

Elecnor S.A. / Inabensa Instalaciones S.A.U (Abengoa)

Enteco Baltic UAB (part of SBA Group)

B Baltics UAB

Thermo Fisher Scientific Baltics UAB

BNP Paribas

Eastnine Lithuania, UAB

Lombard Internationals Assurance SA

Wel International Trading DMCC

Simplex payment services

Dispute resolution Tier 2

WALLESS is noted for its strengths in arbitration cases, where it handles matters at both a domestic and international level. Gediminas Dominas is a reputed name in this space, having helped with drafting the 1996 and 2012 Lithuanian arbitration acts. Also notable is that he is a fellow at the Chartered Institute of Arbitrators, and also a member of the panel of arbitrators of the Hong Kong International Arbitration Centre. Outside of arbitration work, the team also has a significant litigation practice, particularly in relation to insurance liability (notably directors and officers liability) cases; Simona Drukteinienė , who is the key name for this area of work, and has acted for clients in matters before the Supreme Court and the Supreme Administrative Court.

Practice head(s):

Gediminas Dominas

Other key lawyers:

Simona Drukteinienė

Testimonials

‘They are highly regarded and have a solid reputation with the judges, arbitrators and in the market generally. Simona Drukteinienė stands out for her deep expertise in the spheres of civil liability, insurance and contractual matters, as well as dispute resolution skills. Gediminas Dominas is not only a respectable arbitrator, but also has previous experience as a transactional lawyer, so his strength is business-oriented solutions for the client.’

Key clients

Kopparbergs Bryggeri AB

LEONHARD WEISS OÜ

Kaunas City Municipality Administration

Credit Union Amber

Litagra

Logichema

Reckitt Benkiser

Kopenhagen Fur International

UAB tesa tape

Brytanica Holdings, Ltd.

UAB Baltic Fert

Merlin Aviation Ireland Leasing 14 Limited

UAB PALINK

EU and competition Tier 2

WALLESS' areas of strength include advising clients on merger control, and on the behavioural side, handling competition investigations. Practice head Laura Ziferman is an expert in competition, public procurement and public-private partnerships. Also recommended is Marius Dobilas. The team has been significantly strengthened recently, with Darius Miniotas joining from TGS Baltic. He is an expert in cartel investigations and abuse of dominance issues.

Practice head(s):

Laura Ziferman

Other key lawyers:

Marius Dobilas; Darius Miniotas

Key clients

Vilnius City Municipality Administration

UAB Kautra

Kaunas City Municipality Administration and later its utility company UAB Kauno švara

Sport School Baltų ainiai

Affidea Group

Elecnor

UAB Topo Centras

AB Orlen Lietuva

Baltic Horizon Fund

Biseris

Siemens

Orivas

Thermofisher

Projects and energy Tier 2

WALLESS has particular strengths in competition and regulatory work, making it well placed to handle projects involving public-private partnerships and procurement bids. Laura Ziferman undertakes a significant amount of work for energy companies and local municipalities in this space. She co-heads the group with Evaldas Klimas, who is active in construction and property-related matters. Vaidotas Puklevicius is a key name for work involving the energy sector and is currently very active in the renewables sector.

Shipping and transport Tier 2

WALLESS is notably strong at handling commercial, procurement and employment issues for transport and logistics companies. Its team also has ‘outstanding knowledge of complex issues regarding maritime law’. Sintija Radionova and Kristīne Gaigule-Šāvēja jointly head up the team, with Radionova working on commercial, employment and tax issues. Gaigule-Šāvēj focuses on procurement contracts concerning the rail industry. A recent highlight involved advising on the purchase of electric trains for Rail Baltica.

Practice head(s):

Sintija Radionova; Kristīne Gaigule-Šāvēja

Testimonials

‘Walless has a big and versatile team which can help our company on every matter, whether it would be shipping and transport, construction or PPP practice. ‘

‘The team is very involved in every matter, it seems that everyone in the firm adds some of their best qualities and it’s assured that the best outcome and solution is provided. ’

‘Laura Ziferman has outstanding knowledge of FIDIC contracts.’

Key clients

Aviation Capital Group (ACG)

Avolon

AerCap

GE Capital Aviation Services (GECAS)

Erste Group Bank AG

Danish Air Transport

Charter Jets

Girteka Group

Modus Group

Vilnius City Municipality

GTLK Europe

Avation Denmark Leasing

PK AirFinance

Elecnor

Kautra

TMT Tier 3

WALLESS' team is experienced in the life sciences sector, as well as advising on technology concerning medical and financial services. Laura Ziferman, who leads the team, is an expert in competition and regulatory work. Corporate and commercial partner Dovile Burgiene also has a strong focus the TMT and healthcare sectors.

WALLESS is a modern law firm with a wall-less attitude. Clients are our driving force and motivation. We unite forces behind each case to achieve the highest possible result for our clients. We place transparency at the forefront of our interactions, where professionalism and high standards are their main values, and no hidden catch exists. By implementing lean working processes and low leverage (1 partner per 3-4 associates), we are able to give clients direct access to our highly experienced team, while our decision-making process remains smooth and personalised. WALLESS cohesive team does not see walls or boundaries, and is driven by the philosophy that our client goals are like our own and we will always reach them, irrespective of the challenges they pose.

Department Name Email Telephone
Corporate and M&A Dovilė Burgienė dovile.burgiene@walless.com +370 68677649
Banking and Finance Gediminas Rečiūnas gediminas.reciunas@walless.com +370 61154460
Financial Regulatory and Compliance Joana Baublytė-Kulvietė joana.baublyte.kulviete@walless.com +370 68714642
Arbitration and Dispute Resolution Gediminas Dominas gediminas.dominas@walless.com +370 69888335
Tax Advisory and Litigation Dr. Aistė Medelienė aiste.medeliene@walless.com +370 61227333
Tax Advisory and Private Wealth Dr. Mindaugas Lukas mindaugas.lukas@walless.com +370 61883668
Competition and Regulatory Laura Ziferman laura.ziferman@walless.com +370 64041 036
Energy and Commercial Vaidotas Puklevičius vaidotas.puklevicius@walless.com +370 69954681
M&A and Distressed Transactions Povilas Žukauskas povilas.zukauskas@walless.com +370 61686333
RE Development and Construction Dr. Evaldas Klimas evaldas.klimas@walless.com +370 62036055
Aviation and Aircraft Finance Gediminas Rečiūnas gediminas.reciunas@walless.com +370 61154460
Fintech and Funds Joana Baublytė-Kulvietė joana.baublyte.kulviete@walless.com +370 68714642
Real Estate Transactions Indrė Jonaitytė – Gricė indre.jonaityte.grice@walless.com +370 61495783
Investment Incentives and Venture Capital Dovilė Burgienė dovile.burgiene@walless.com +370 68677649
Restructuring and Insolvency Povilas Žukauskas povilas.zukauskas@walless.com +370 61686333
Public Procurement and PPP Laura Ziferman laura.ziferman@walless.com +370 64041036
Investment Services Joana Baublytė-Kulvietė joana.baublyte.kulviete@walless.com +370 68714642
Insurance Gediminas Rečiūnas gediminas.reciunas@walless.com +370 61154460
White Collar and Government Investigations Dr. Simona Drukteinienė simona.drukteiniene@walless.com +370 686 22224
Photo Name Position Profile
 Tomas Balciunas  photo Tomas Balciunas Senior Associate
 Giedre Banyte  photo Giedre Banyte Associate
 Sarunas Basijokas  photo Sarunas Basijokas Senior Associate
 Joana Baublyte-Kulviete  photo Joana Baublyte-Kulviete Partner
 Liucija Bitinaite  photo Liucija Bitinaite Senior Associate
 Ausra Brazauskiene  photo Ausra Brazauskiene Associate Partner
 Simona Bumblauskyte-Kiauleikiene  photo Simona Bumblauskyte-Kiauleikiene Senior Associate
 Dovile Burgiene  photo Dovile Burgiene Managing Partner
 Vytenis Cepe  photo Vytenis Cepe Expert
 Marius Dobilas  photo Marius Dobilas Associate Partner
 Gediminas Dominas  photo Gediminas Dominas Partner
Dr Simona Drukteiniene  photo Dr Simona Drukteiniene Associate Partner
 Viktorija Dusajeva  photo Viktorija Dusajeva Associate
 Arturas Grimaila  photo Arturas Grimaila Associate Partner
 Gabriele Gudauskiene photo Gabriele Gudauskiene Associate
 Renata Jatuzyte-Muleviciene  photo Renata Jatuzyte-Muleviciene Associate Partner
 Dalius Jonaitis  photo Dalius Jonaitis Associate
 Indre Jonaityte-Grice  photo Indre Jonaityte-Grice Partner
 Simona Kisunaite  photo Simona Kisunaite Associate Partner
Dr Evaldas Klimas  photo Dr Evaldas Klimas Partner
 Indre Kupcikeviciute  photo Indre Kupcikeviciute Senior Associate
 Vygintas Kuprys  photo Vygintas Kuprys Senior Associate
 Mantas Lideika  photo Mantas Lideika Senior Associate
 Greta Liutkute  photo Greta Liutkute Associate
Dr Mindaugas Lukas  photo Dr Mindaugas Lukas Partner
 Mykolas Luksenas  photo Mykolas Luksenas Associate
 Akvile Mackay  photo Akvile Mackay Associate Partner
 Alina Makovska  photo Alina Makovska Associate Partner
 Alma Marcinkute  photo Alma Marcinkute Senior Associate
 Akvile Marozaite  photo Akvile Marozaite Associate
Dr Aiste Medeliene  photo Dr Aiste Medeliene Partner
 Naglis Melinis  photo Naglis Melinis Associate
 Simona Miliauskaite  photo Simona Miliauskaite Associate
Dr Darius Miniotas photo Dr Darius Miniotas Associate Partner
 Laurynas Narvydas  photo Laurynas Narvydas Associate Partner
 Tomas Paulauskas  photo Tomas Paulauskas Senior Associate
 Vaidotas Puklevicius  photo Vaidotas Puklevicius Partner
 Lina Radaviciene  photo Lina Radaviciene Associate Partner
 Gediminas Reciunas  photo Gediminas Reciunas Partner
 Domas Sileika  photo Domas Sileika Senior Associate
 Guoda Sileikyte  photo Guoda Sileikyte Senior Associate
 Enrika Tamasauskaite  photo Enrika Tamasauskaite Senior Associate
 Inga Volungeviciute  photo Inga Volungeviciute Associate Partner
 Vaiva Voveryte  photo Vaiva Voveryte Associate
 Laura Ziferman  photo Laura Ziferman Partner
 Povilas Zukauskas  photo Povilas Zukauskas Partner
Lawyers : 46
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