We successfully represented the insolvent credit union Taupkasė (bankruptcy administrator – Klaipėdos administratorių biuras) in a dispute with employees over the amount of downtime pay and termination compensation. The employees claimed that bonuses paid should be included when calculating the average wage. The court found in favour of our client, stating that it was lawful […]
Deals & Cases / Daivis Švirinas, Laimonas Skibarka, Monika Mališauskaitė-Vaupšienė, Ana Novosad, Irma Kunickė, Jonas Kiauleikis, Inga Macijauskaitė, Stasys Drazdauskas, Asta Augutytė-Rapkevičienė, Dobilė Minkutė, Ieva Andersone, Marika Grunte, Andris Tauriņš, Jorens Jaunozols, Līva Aleksejeva
We advised telecommunication company Bitė on entering into a framework agreement with Tele2 to create a shared Radio Access Network (RAN) in Lithuania and Latvia. Partnership to benefit customers and national economies The partnership will boost the 5G network development process so that full coverage will be rolled out much faster than in a standalone […]
Deals & Cases / Tomas Kontautas, Agnė Sovaitė, Dalia Augaitė
We assisted the joint lead managers in a dual tranche Eurobond issue by the Republic of Lithuania, which borrowed EUR 1.5 billion in the international capital markets by issuing two Eurobond issues – a 10-year Eurobond of EUR 650 million face value and a 30-year Eurobond of EUR 850 million face value. The decision to […]
Deals & Cases / Kristjan Nõmmik, Monika Tomberg
We advised Intrum on buying Danske Bank’s Estonian portfolio of overdue loans. Intrum is a market-leading innovative credit management company with extensive experience in financial and collection services and a presence in 24 European countries. Enhancement of Intrum’s market position Intrum acquired Danske Bank’s Estonian portfolio of overdue loans, which enhances Intrum’s market leading position […]
Deals & Cases / Laurynas Lukošiūnas
Laurynas Lukošiūnas, a Sorainen partner and head of our Public Procurement & Public Projects practice in the Baltics and Belarus, represented the Republic of Lithuania in a meeting at the European Commission (EC). The goal was to secure Lithuania’s position in terms of its public procurement laws. This is only the second time during the […]
