PRACTICE AREAS

Finance & capital markets (including banking & finance, insurance, capital markets, etc.), real estate (including construction, territorial planning, PPP, etc.), M&A (including competition), corporate, dispute resolution (litigation & arbitration and ADR), commercial transactions, procurements, labor law and EU law

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FINANCE & CAPITAL MARKETS

Finansavimas ir kapitalo rinkos

Selection of relevant work:

Banking & Finance

  • Advised the electronic money institution and represented it in relations with the Bank of Lithuania and Financial Crime Investigation Service on various issues, including those pertaining to notifications, permissions and registrations in public registers, passportization, investments, preparation of activities’ documents, appointment and dismissal of competent officers, change of CEO and board members, M&A, etc. (2019 – 2021)

  • Advised an investor in establishing a vehicle for providing services of investing into crypto currencies, prepared required incorporation and contractual documents, clarified relevant issues with the Bank of Lithuania. (2018)

  • Advised a potential investor on legal issues of investing into a vehicle providing its services of investing into crypto currencies, commented legal documents pertaining to investments. (2018)

  • Advised a client, acting in a telecommunication sector, on issues pertaining to obtaining licenses of electronic money institution and a payment institution. (2017)

  • Advised a Latvian bank in a number of transactions in securing credits with certain cross-border issues, including mortgage of the enterprise and pledge of shares. (2016, 2017)

  • Advised a UK company on establishment of a branch of foreign financial brokerage firm in Lithuania and drafting documents pertaining to its activities. (2016, 2017)

  • Advised and represented a regional waste manager in a number of court cases pertaining to acquisition, usage and reinstatement of EU Cohesion Fund‘s funding. (2013 – 2016)

  • Advised a company from AB Lietuvos energija group on issues pertaining to SEPA direct debit transactions. (2016)

  • Advised and represented one of the biggest Lithuanian holding companies in a factoring transaction, drafted and revised transaction documents. (2016)

  • Advised a Polish company engaged in development and manufacture of industrial and power-generation boilers, revised and drafted provisions of the bid on financing and order of payment in a waste incineration plant procurement tender in Vilnius. (2016)

  • Advised and represented one of the leading Baltic insurance companies in a surety insurance litigation. (2014 – 2016)

  • Assisted one of the leaders of Lithuanian insurance market in a performance of analysis of the major CAR insurance case, issued a legal memorandum regarding an assessment of the case. (2015)

  • Assisted the leading provider of securities trading, exchange technology, listing, information and public company services across six continents, in preparation of a sample prospectus / offer document and issue terms for issue of bonds, as well as guidelines for their drafting / filling in. (2015)

  • Assisted one of the biggest Lithuanian commercial banks in a takeover of assets from a bankrupt Ūkio bankas, including legal advice in relation to maintenance, transfer and other development of overtaken assets. (2014)

  • Advised an Estonian financial services company, which provides mortgage loans and leasing services, drafted legal documents required for entering into the Lithuanian market. (2014)

  • Represented an international financial holding and brokerage group from Cyprus, one of the oldest players in marginal internet trading, in an effort to reclaim the deposit and investment insurance pay-out on funds held in accounts with Ūkio bankas, against which the insolvency case was initiated. (2014, 2015)

  • Advised a Lithuanian financial leasing, credit and consumer credit company, operating in all 3 Baltic states, drafted legal documents required for entering the Lithuanian market. (2014)

  • Advised the largest Baltic consultancy services’ provider in matters related to the collapse of bank SNORAS. (2014)

  • Advised the Estonian capital Honda distributor in the Baltics on restructuring and refinancing of a major loan provided to a real property holding company by SEB bank for development of a major commercial real estate in Vilnius, prepared relevant legal documents and negotiated them with the bank. (2014)

  • Assisted a Latvian bank in preparation of documents for securing a performance of obligations under financing agreements, with certain cross-border issues. (2014)

  • Consulted a Lithuanian bank on issues regarding amendment of deposit agreements, including a provision of advice with respect to claims heard by the Bank of Lithuania and the Consumer Protection Authority, drafted amendments to the General Conditions of Provision of Services. (2013)

  • Advised a Lithuanian company engaged in the Internet based project on issues regarding non-qualifying for licenses of electronic money institution and payment institution, including receipt of opinions of the Bank of Lithuania and the State Tax Inspectorate in relation thereto. (2012, 2013)

  • Advised and represented a distributor of La Senza lingerie in the Baltics in connection to bank guarantees, challenging a right to recover under them. (2012)

  • Advised a syndicate of banks in providing a multi-million syndicated loan for a group of companies,  members of which inter alia were companies registered in Lithuania, prepared financing and security documents. (2010 – 2011)

  • Performed analysis of financing documents of key debtors of one of the leading Lithuanian banks. (2010)

  • Advised one of the largest German private banks in transfer of actives pertaining to bad portfolios to a recipient company incorporated by the German Government. (2010)

  • Consulted a global payments technology company on issues of Lithuanian and EU law pertaining to banking fees.

  • Consulted syndicates of banks in concluding and modifying loan transactions, prepared comments and suggested amendments regarding loan agreements and other transaction documents. (2008, 2009)

Insurance

  • Represented one of the insurance companies in a dispute with a recipient of an insurance payout. (2018)

  • Advised one of the largest insurance companies in the Baltic market on insurance inter-mediation issues. (2017)

  • Advised one of the largest insurance companies in the Baltic market pertaining to amendment of terms and conditions of cooperation with one of the biggest banks in the Baltics, with the effect on terms and conditions of insurance coverage of credit card holders. (2016)

  • Consulted one of the leading insurance companies on issues of the major CAR insurance claim. (2015)

  • Advised one of the largest insurance companies in the Baltic market in connection to a transformation of an investment fund. (2014)

  • Advised one of the largest insurance companies in Russia in a complex dispute in connection to maritime damage liability regress claim against a shipbuilding and repair company in Lithuania. (2014)

  • Advised a client in a multiparty insurance project involving one of the largest Lithuanian insurance companies. (2010)


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REAL ESTATE

Nekilnojamasis turtas

Selection of relevant work:​

  • Advised the developer on the possibility of acquiring a production real estate complex, performed a related LDD, and drafted a contract. (2021)

  • Advised a developer on issues of the acquisition of a plot of land for the development of a commercial real estate project. (2021)

  • Advised a subsidiary of a foreign investor on issues pertaining to a lease of an additional land plot for expanding production activities of the client in Lithuania, revised and commented draft contractual documents, represented the client in negotiating the said documents with a potential lessor. (2018)

  • Advised a housing developer on a usage of a land plot for construction of individual houses, drafted a loan for use agreement and a standard preliminary agreement. (2018)

  • Advised a developer of commercial premises and drafted a standard preliminary premises sale purchase agreement. (2018)

  • Advised a Polish company from Accor Hotels group on issues of real estate acquisition and development (in Vilnius) deal, commented, revised and drafted provisions of the relevant contractual documents. (2016, 2017)

  • Advised the Lithuania based retail trade company on legal issues of reconstruction and erection of trade premises in Estonia, drafted the relevant contract agreement. (2017)

  • Advised a private investor from the UK on issues of investment into a number of residential premises in Lithuania, drafted and negotiated the relevant transaction documents. (2016)

  • Assisted a subsidiary of a major international Finnish capital energy infrastructure construction company in contractual issues pertaining to construction law. (2014, 2015)

  • Advised the supplier from Germany, one of a leading European private service providers in fields of water, technology and energy, on issues of financing and construction (under a FIDIC agreement), operation and maintenance of sludge processing equipment and relevant structures in Lithuania. (2013, 2014)

  • Consulted a subsidiary of a Finnish capital international producer of thermal insulation materials, in land lease, territory planning (zoning) and land plot formation matters in the Kaunas Free Economic Zone. (2014)

  • Advised one of the leading retailers in the Baltic States, on construction law and real estate law issues, including preparation of standard construction contract to be used for development of new shopping centres by the client, as well as advised on various commercial property lease issues in connection to activities of shopping centres. (2013)

  • Advised an Italian company providing a complete package of products and services in the environmental protection sector, in a FIDIC Silver Book (Turn-key) based contract agreement in the project of construction of the biggest in Lithuania hazardous waste incineration and energy production plant. (2012)

  • Advised one of the leading retailers in the Baltics in selling a complex of retail stores, prepared draft transaction documents and negotiated them. (2008)


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M&A

Susijungimai ir įsigijimai

Selection of relevant work:

M&A

  • Advised the construction company on reorganization and change of the name and of the authorized capital, prepared amendments to the founding documents, the share recording documents and advised on the registration of changes in public registers. (2021)

  • Advised shareholders of the engineering network construction company on their transfer of a part of shares to an investor, drafted the share purchase and sale agreement, share accounting documents and advised on the registration of changes in public registers. (2019)

  • Advised an international holding engaged in aeronautic business on issues of investment into innovation-oriented company acting in the field of aeronautics; the advice included consultations on issues of financing and inter-relations among shareholders as well as drafting and negotiating the shareholders’ agreement. (2016, 2017)

  • Advised a Polish company from Accor Hotels group on issues of real estate acquisition and development (in Vilnius) deal, commented, revised and drafted provisions of the relevant contractual documents. (2016, 2017)

  • Represented a group of Lithuanian and foreign investors in acquisition of shares of the company owning and managing the Nordika shopping centre in Vilnius. (2015)

  • Advised Vilnius City Municipality in the PPP project for a full refurbishment of Vilnius city street lighting with an introduction of modern LED lighting systems, renovation of the whole lighting infrastructure, and maintenance thereof for 19 years, prepared a full set of transaction documents. (2014)

  • Represented the Estonia based hedge fund in a sale of the group of companies in Lithuania, Latvia and Belarus, engaged in supplying of freezing, technological and trade equipment for food industry, retail trade and HoReCa. (2014)

  • Advised the Ministry of Economy and a public institution Invest Lithuania on developing of several public infrastructure projects via PPP, including a preparation of feasibility studies. (2014)

  • Advised a major Polish oil and gas production and trade enterprise in connection to a sale of the business of a railroad Liquid Natural Gas (LNG) reloading terminal to one of the biggest Lithuanian companies engaged in production of fertilizers and other chemical products. (2014)

  • Advised one of the world’s leaders in circuit protection production in acquisition of a major automotive component production factory in Lithuania and a group company in Sweden. (2012)

  • Consulted the Ministry of Economy in a project concerning improvement of corporate governance and management of State–Owned Enterprises (SOEs), including the task of implementation of best international corporate governance practices and guidelines of OECD on governance of SOEs. (2011)

  • Advised one of the leading Baltic retail trade companies in selling and leasing back a complex of retail stores, drafted transaction documents and negotiated them. (2008)

Competition

  • Advised a Polish subsidiary of one of the biggest global tire producers on a number of issues related to competition and advertising. (2016, 2017)

  • Advised the public institution Invest Lithuania, a national inbound investments facilitation authority, in the Directorate General on Competition (DG Comp) at the EU level and in the Competition Council at the national level on a complex issue of a possibility of state aid to inbound investors into the IT sector (data processing centers, data hosting). (2013, 2014)

  • Consulted the distributor of Peugeot cars in Estonia, Latvia and Lithuania, in competition compliance matters arising out of distribution and other agreements with business partners of the client. (2014)

  • Advised a major international USA based pharmaceutical group in connection to the direct application of EU directives and regulations as well as national legislation pertaining to clinical trials and administering of new drugs under development to patients having mortal diseases in acute situations. (2014)

  • Represented an Estonian distributor of air-conditioners and installation materials in the Baltics in 4 court cases against a competing Lithuanian distributor of air conditioning equipment concerning unfair competition. (2013)

  • Consulted a subsidiary of the leading international tire production company in connection to a dominant position, vertical and horizontal agreements, price fixing, general conditions of sale, etc. (2013)

  • Advised one of the leading retailers in the Baltics in various competition law related supply, distribution, lease and daily activities issues. (2013)


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CORPORATE

Įmonių teisė

Selection of relevant work:​

  • Advised the construction company on reorganization and change of the name and of the authorized capital, prepared amendments to the founding documents, the share recording documents and advised on the registration of changes in public registers. (2021)

  • Advised shareholders of the engineering network construction company on their transfer of a part of shares to an investor, drafted the share purchase and sale agreement, share accounting documents and advised on the registration of changes in public registers. (2019)

  • Advised an investor in establishing a vehicle for providing services of investing into crypto currencies, prepared required incorporation and contractual documents. (2018)

  • Advised and assisted a freight forwarding company in a settlement of a shareholder dispute by redeeming the shares of A minority shareholder, drafted transaction and corporate documents. (2017)

  • Advised a branch of the UK based financial brokerage firm on closing and opening of branches in Lithuania, prepared corporate and other documents. (2016, 2017)

  • Advised an Estonian financial services company, which provides mortgage loans and leasing services, and prepared legal documents for entering into the Lithuanian market. (2014).

  • Consulted clients on establishment of companies and other legal persons, on structures of bodies of companies and drafted incorporation, share accounting and other corporate documents. (2014 – 2017)


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DISPUTE RESOLUTION

Ginčų sprendimas

Selection of relevant work:​

  • Represented one of the leading Lithuanian engineering network construction companies in a dispute with a procuring subject for heat management over the cancelation of the applied interest on delay of works and the award of a part of the price for construction works. (2021)

  • Represented one of the leading Lithuanian engineering network construction companies in a dispute with a contracting authority regarding the improper execution of the procurement of the reconstruction of the heat transmission network. (2019)

  • Represented one of the leading Lithuanian engineering network construction companies in a dispute with a procuring subject, acting in the heat sector, pertaining to a procurement of reconstruction of a major heat transfer network. (2018)

  • Represented one of the leading Lithuanian engineering network construction companies in a dispute with a procuring subject, acting in a water and wastewater sector, pertaining to a procurement of reconstruction of a major sludge transfer network. (2018)

  • Represented one of the leading Lithuanian engineering network construction companies in a dispute with a procuring subject pertaining to a procurement of erection of a sludge transfer network and a cleaning plant. (2018)

  • Represented a former shareholder and a head of a company in a dispute with a bankruptcy administrator pertaining to a liability claim of a shareholder and a head of a company. (2018)

  • Represented a supplier from Germany, one of a leading European private service providers in fields of water, technology and energy, in disputes in the major procurement project pertaining to sludge incineration – the first project of this kind in Lithuania. (2017)

  • Represented a supplier, one of the leading Lithuanian engineering network construction companies, in disputes in procurement projects pertaining to the erection of wastewater treatment plant and pipe network and the reconstruction of heating pipe network. (2016, 2017)

  • Represented a former CEO of a private limited company in the damages claim by the bankruptcy administrator. (2017)

  • Represented the regional waste management company in a number of disputes pertaining to acquisition, usage and reinstatement of EU Cohesion Fund‘s funding. (2013 – 2016)

  • Advised one of the biggest insurance companies in the Baltics in a dispute concerning contractor’s liability insurance in connection to an office – residential building construction in Kaunas, Lithuania. (2014 – 2017)

  • Represented a client in a shareholder dispute, started by the other shareholder wherein he claimed a considerable amount of damages from the client. (2014, 2015, 2016)

  • Represented an investor company, which invested into a residential real estate, in disputes with the former owners of the objects. (2016)

  • Represented an international financial holding and brokerage group from Cyprus, one of the oldest players in internet trading in margins, in an effort to reclaim the deposit and investment insurance pay-out on funds held in accounts with Ūkio bankas, against which the insolvency case was initiated. (2014, 2015)

  • Advised one of the leading Polish oil and gas production and trade enterprises concerning complex issues of railroad Liquid Natural Gas (LNG) reloading terminal ownership and investment protection. (2014)

  • Represented a subsidiary of a leading international energy infrastructure construction company (of Finnish capital) in a dispute concerning reconstruction of a major regional 330/110/10 kV transformer substation in Šiauliai, Lithuania. (2014, 2015)

  • Represented the Italian contractor company in disputes in connection to construction of the biggest hazardous waste incineration and electricity production plant in Lithuania under the FIDIC Silver Book (turn-key) construction project. (2011, 2012)

  • Represented one of the leading Lithuanian engineering network construction companies and one of a leading German private service providers in fields of water, technology and energy, as contractors in a dispute against an employer and a procuring organization on an increase of price in the construction contract (FIDIC Yellow Book), heard in Vilnius Court of Commercial Arbitration. (2010)

  • Represented a lessor, one of the Lithuanian real estate management companies, in a dispute in Vilnius Court of Commercial Arbitration with a lessee, wherein the lessee claimed a reduction of the rental in the long-term lease agreement on grounds of a hardship. (2010)

  • Represented a purchaser in the share sale – purchase agreement in a dispute with a seller in the same agreement, which was in Vilnius Court of Commercial Arbitration, wherein the purchaser claimed a specific performance of the said transaction. (2010)


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COMMERCIAL TRANSACTIONS

Komerciniai sandoriai

Selection of relevant work:

  • Drafted the construction contract agreement for the supplier from Germany, one of a leading European private service providers in fields of water, technology and energy. (2021)

  • Advised the product developer in relation to an innovative product manufacturing equipment contract, drafted a mass production contract for that product. (2021)

  • Advised the supplier from Germany, one of a leading European private service providers in fields of water, technology and energy, in negotiating the consortium agreement with its partner Lithuanian company pertaining to a mutual participation and division of works in the project of construction of sludge incineration plant – the first such project in Lithuania. (2020)

  • Drafted the project (design) contract for the design of a large storage and administrative building complex, advised and represented the client in negotiations with the designers who participated in the designer selection tender. (2020)

  • Drafted a complex settlement agreement on precluding possible disputes of parties in a complex of transactions of acquisition from different sellers of premises and a part of a land plot. (2018)

  • Drafted and revised a complex of transaction documents pertaining to activities of the client’s Lithuanian and Polish companies in purchasing milk, producing and subcontracting production of diary products and supplying them to customers worldwide. (2017)

  • Advised a company from one of the biggest Lithuanian holdings in the energy plant and equipment construction transactions, drafted and revised transaction documents, assisted the client in negotiations. (2016, 2017)

  • Advised a Polish subsidiary of one of the biggest global tire producers on a number of issues related to services provided to the customers by the dealers, revised relevant draft agreements. (2016, 2017)

  • Advised the Polish producer of equipment of heat and electric energy, in the complex heat and electric energy public procurement tender on construction of the power plant, incorporating biofuel and waste incineration equipment. Consultations involved issues of regulation of electricity and heat energy sector, with a special attention to issues of production, supply and sale of electric and heat resources, as well as corrections of and negotiations for the contract agreement, drafted in accordance with requirements of the FIDIC Silver Book. (2015, 2016)

  • Advised Honda dealer in Lithuania on car and motorcycle sale – purchase issues and drafted templates of relevant agreements. (2015)

  • Prepared the draft supply and other commercial agreements for one of the leading retailers in the Baltics. (2013)


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PROCUREMENTS

Pirkimai

Selection of relevant work:

  • Advised the German supplier, one of a leading European private service providers in the fields of water, technology and energy, on the performance of the procurement agreement for the modernization of a significant sludge treatment plant (2020 – 2021).

  • Advised the German supplier, one of a leading European private service providers in the fields of water, technology and energy, in a public procurement of a major sludge treatment plant modernization. (2018)

  • Advised the German supplier, one of a leading European private service providers in the fields of water, technology and energy, in the major procurement project pertaining to sludge incineration – the first project of this kind in Lithuania. (2017, 2018)

  • Advised the supplier, one of the leading Lithuanian engineering network construction companies, in procurement projects pertaining to an erection of wastewater treatment plant and pipe network and a reconstruction of heating pipe network. (2017)

  • Advised and represented the contracting authority, a regional waste manager, in a number of procurement projects pertaining to development and operation of waste treatment facilities as well as to waste collection and transportation. (2015 – 2017)

  • Assisted Vilnius City Municipality in PPP procedures in the project for a full refurbishment of Vilnius city street lighting with an introduction of modern LED lighting systems, renovation of the whole lighting infrastructure, and maintenance thereof for 19 years. (2014)

  • Advised and represented the supplier from Germany, one of a leading European private service providers in fields of water, technology and energy, in disputes involving complicated legal issues pertaining to construction, operation and maintenance of the sludge processing equipment and relevant structures. (2013, 2014)

  • Represented one of the leading Lithuanian engineering network construction companies and one of a leading German private service providers in fields of water, technology and energy, as contractors in a dispute against an employer and a procuring organization on an increase of price in the construction contract (FIDIC Yellow Book) concluded as a result of procurement, heard in Vilnius Court of Commercial Arbitration. (2010)


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EMPLOYMENT LAW

Darbo teisė

Selection of relevant work:

  • Advised a client on termination of employment agreements with its retiring employees. (2018)

  • Advised an employee on issues pertaining to severance payments. (2018)

  • Advised an employee on legal issues pertaining to non-compete clauses and a potential new employment. (2017)

  • Advised a regional waste manager on issues pertaining to collective bargaining agreement. (2016, 2017)

  • Advised employees’ lease company on issues pertaining to lease of employees. (2015)

  • Advised one of the leading Lithuanian engineering network construction companies on issues of delegation of employees abroad and issues related to social security. (2014)

  • Advised the biggest coach and passenger carriage operator in the Baltics in connection to direct application of EU directives and regulations pertaining to work and rest time of long route international bus drivers, also of the EU directive and Lithuanian regulation on temporary agency work. (2014)

  • Advised clients on issues of individual employment agreements, internal work orders, drafted and revised relevant documents, represented employers and employees in individual labor disputes. (2011 – 2017)