Lithuania

Former Lietuvos Pastas Head of Legal and Public Procurement Gabija Kuncyte has joined Compensa Life Vienna Insurance Group SE as its Chief Legal and Compliance Officer in Lithuania.

Eugenijus Filonovas has joined ME Investicija as its General Counsel in Lithuania.

Former Utenos Trikotazas Chief Commercial Officer Marijus Krisciunas has joined TGS Baltic as a Partner.

Karolis Gudas has been promoted to Deputy Head of Legal Department, focusing on disputes and claims, at Rail Baltica. in Lithuania.

On December 6, 2021, CEE Legal Matters reported that Motieka & Audzevicius had successfully defended Olympic Casino Group Baltija before the Supreme Administrative Court of Lithuania. CEE In-House Matters spoke with Monika Jakume, Legal Counsel at Olympic Casino Group Baltija, to learn more about the matter.

KN has appointed Rytis Valunas to Chief Officer for Corporate Affairs and CAO at KN in Lithuania.

On May 21, 2021, CEE Legal Matters reported that Ellex Valiunas had successfully represented Western Baltija Shipbuilding in its appeal of a public procurement award to a consortium of Finnish companies to provide a specialized vessel for the Lithuanian Armed Forces to eliminate pollution incidents and carry out rescue operations in the Baltic Sea. CEE In-House Matters spoke with Andrius Digrys, General Legal Counsel at Western Baltija Shipbuilding, to learn more about the deal.

On April 22, 2021, CEE Legal Matters reported that TGS Baltic had advised the Evernord Real Estate Fund III, managed by Vilnius-based investment firm Evernord Asset Management, on its acquisition of a 65% stake in Riga's Novira Plaza business center. CEE In-House Matters spoke with Arnas Vedeckis, CFO and Member of the Board at Evernord, to learn more about the deal.

On March 26, 2021, CEE Legal Matters reported that Motieka & Audzevicius, working with Orrick, Herrington & Sutcliffe, had advised Lithuanian start-up Turing College on its relocation to the United States in order to participate in Silicon Valley accelerator Y Combinator. CEE In-House Matters spoke with Benas Sidlauskas, Co-founder & CBDO at Turing College, to learn more about the matter.

On April 7, 2021, CEE Legal Matters reported that Sorainen had advised private equity company ConHostinger on the acquisition of an approximately 31% stake in Hostinger, a company providing web hosting, VPS, Internet domain registration, website building software, and e-mail services. CEEIHM spoke with Thomas Strohe, Partner at ConHostinger, to learn more about the matter.

On February 25, 2021, CEE Legal Matters reported that Cobalt had advised the shareholders of AGACAD, a Vilnius-based developer of building information modeling software, on the sale of 100% of their shares to France’s Arkance. CEE In-House Matters spoke with Donatas Aksomitas, Managing Director at AGACAD, to learn more about the sale.

On January 28, 2021, CEE Legal Matters reported that Sorainen has advised Open Circle Capital on its investment in Monimoto, a company developing smart trackers for motorcycles. CEEIHM spoke with William Cardwell, Partner at Open Circle Capital, to learn more about the matter.

On March 4, 2021, CEE Legal Matters reported that Walless had advised Evli Growth Partners as one of the investors in the USD 9.5 million Series B funding round of 3D model trading platform CGTrader. CEEIHM spoke with Riku Asikainen, Managing Partner & Founder at Evli Growth Partners, to learn more about the deal.

On February 1, 2021, CEE Legal Matters reported that Adon Legal had helped Paymont obtain an Electronic Money Institution license from the Bank of Lithuania. CEEIHM spoke with Stefan Koscelnik, CEO at Paymont, to learn more about the matter.

On January 28, 2021, CEE Legal Matters reported that Sorainen had advised Open Circle Capital on its investment in Monimoto, a company developing smart trackers for motorcycles. CEEIHM spoke with Andrius Bruno Rimkunas, Co-founder and Business Developer at Monimoto, to learn more.

On October 28, 2020, CEE Legal Matters reported that Triniti Jurex had successfully helped Termolink obtain damages from a general contractor for work the company performed on an unspecified project. CEEIHM spoke with Valdas Garmus, Director at the Termolink, to learn more about the dispute.

On September 8, 2020, CEE Legal Matters reported that the Lithuanian office of Cobalt had advised INVL Baltic Sea Growth Fund on its acquisition of a 48% stake in MBL from Accession Mezzanine Capital III and the Lauritsen family. CEEIHM spoke with Nerijus Drobavixius, Partner at INVL Baltic Sea Growth Fund, to learn more about the deal.

Lina Zolyne has joined the Sun Investment Group in Lithuania as Group General Counsel.

On October 12, 2020, CEE Legal Matters reported that Triniti Jurex had advised Restaurant Group Fortas in a dispute with an unnamed insurance company. CEEIHM spoke with Valdas Merzvinskas, General Manager at the Restaurant Group Fortas, to learn more about this matter.

On July 24, 2020, CEE Legal Matters reported that Cobalt had helped Lithuania's UAB Kedainiai Free Economic Zone draft establishment and operation agreements for Kormotech. CEEIHM spoke with Giedrius Valuckas, Member of the Board at Kedainiai FEZ, to learn more about the agreement.

“The energy sector has been highly affected in the past few months, as global demand went down tremendously, which has a significant impact on the whole value chain," says Rytis Valunas, GC for oil and LNG terminals operator Klaipedos Nafta. "Many companies, especially from the oil industry, caught themselves in a situation they never dealt with previously." And, he says, "with the pandemic evolving further, the business environment is not likely going to improve soon.”

On September 2, 2020, CEE Legal Matters reported that Motieka & Audzevicius had advised Turing College as the recipient of a EUR 1.2 million investment from Startup Wise Guys and the Motieka Investment Fund. CEEIHM spoke with Co-founder & CBDO of Turing College, Benas Sidlauskas, to learn more about the deal.