We advised the founders of the insurance aggregator Edrauda.lt, Rima Kazlauskaitė and Dainius Alkinas; and investor ME Investicija on selling the company to the online insurance group Netrisk Group. The group is owned by TA Associates, a leading global growth private equity firm, and MCI EuroVentures, a technology investment fund. Netrisk Group operates in Lithuania, […]
Legal 500, a leading legal directory, has compiled an overview of the law and practice of force majeure across a variety of jurisdictions. Our force majeure experts, partner Kaupo Lepasepp and associate Liisa Maria Kuuskmaa provided a summary of current issues affecting force majeure in Estonia. An overview of 14 jurisdictions Each chapter of this […]
We are assisting asset management group Invalda INVL in acquiring Mandatum Life’s Baltic insurance business. Mandatum Life is one of Finland’s largest life insurance companies, which also operates in the Baltics through branch operations across Lithuania, Latvia and Estonia. Invalda INVL has signed a deal in principle to acquire Mandatum Life’s Baltic insurance business. Completion […]
Vitalija Impolevičienė, a well-known expert in the fields of finance and insurance, has joined our team in Lithuania. She will advise clients on regulation of the financial and insurance sectors, product development, distribution and related disputes. Augustas Klezys, partner, and head of the Finance & Insurance sector group, comments: “We are delighted to have Vitalija […]
Our client Allianz SE, Europe’s largest insurer, has agreed to acquire life and non-life insurance operations, as well as the pension and asset management business, in Poland and Lithuania from Aviva Group (which includes its Lithuanian subsidiary Aviva Lithuania). The total value of the transaction is EUR 2.7 billion. Allianz is set to become number […]