WALLESS has developed a prominent tax practice, covering disputes, due diligence, tax structuring, and broad tax advisory services. The firm places a strong focus on sophisticated litigation that involves cross-border work, having recently represented clients in a series of administrative tax law disputes. Another focal point of the practice is corporate transactions and restructurings. The team has recently been involved in several major deals, predominantly in the financial sector. A key name is Ignas Urbonas, who brings expertise to tax advisory, litigation and customs matters. Since publication former practice head Aistė Medelienė departed the firm, along with Mindaugas Lukas.
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Key clients
- NEO Group
- Revolut Bank
- Uphold Europe Ltd
- Yukon Advanced Optics Worldwide
- Thermo Fisher Scientific Baltics
- Lords LB Asset Management
- Willgrow Group companies
- Eglės Sanatorija
- Modus Group companies
- Orivas
- UAB ALSO Lietuva
- Veolia Group companies
Work highlights
Representing UAB NEO Group in ongoing tax disputes with the Lithuanian Tax Authorities regarding the application of the Double Tax Treaty.
Advised the shareholders of the client, Biomapas, on the tax structuring and implementation of a multi-step investment transaction with German private equity fund Carbyne, ensuring tax efficiency for both exiting and remaining shareholders while navigating cross-border tax regulations.
Advised the client in the sale of the Baltic IKEA franchise business to Inter IKEA Group, supporting buyer-side tax due diligence and the transaction process in one of the largest cross-border deals in the Baltics, which concluded more than a decade of Icelandic ownership.
Lawyers
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Other key lawyers
Ignas Urbonas