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.

At WALLESS, Joana 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.