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Financial services, Lithuania

We have built a high-level team with extensive knowledge and experience in banking and financial services. Our team advises a large number of banks and other financial institutions on regulatory and banking law compliance, numerous structured finance transactions and all aspects of loan financing.
We also represented corporate clients in capacity as a lender, borrower and as security provider. Our professionals are at the forefront securities law in the maturing Lithuanian capital market and we are ready to handle your challenges associated with initial and secondary public offerings.

Services

We are experienced in assisting clients on a broad range of financing transactions and providing legal support for the creation and implementation of financial products.

Our team has extensive knowledge of the legal and regulatory issues confronting companies operating in the financial services field. We can represent you before the regulatory authorities to obtain licences to provide financial services or to acquire equity interests in financial services providers. We ensure a legal follow-up on acquisition or assignment operations, mergers, contributions, or organisational transfers.

You can also get assistance with bank negotiations and various types of banking contracts. Other types of documentation we prepare include letters of sponsorship, letters of comfort, cash pooling documentation, "negative pledge" documents, as well as legal opinions.

We use our financial industry expertise to provide innovative advice, tailored to your individual strategic and commercial objectives.

Main areas of our expertise include:

  • legal advice on capital market transactions
  • financial products: loans, syndicated loans, bond issues, derivatives
  • project and trade financing
  • legal documents concerning banking, insurance and leasing activities
  • regulatory compliance
  • licensing of banks, insurance companies and other financial services providers
  • capital adequacy and adherence to other ratio rules for banks
  • legal due diligence, mergers and acquisitions and corporate restructuring of banks and insurance companies
  • legal basis of alternative investment strategies in the primary and secondary markets in Lithuania
  • all types of transactions related to shares: with or without voting rights, preferred or ordinary shares, etc
  • legal due diligence reviews of the creditworthiness and solvency of borrowers
  • debt rescheduling and restructuring.

Clients

A French manufacturer of metal constructions for ships and piers

Drafting corporate resolutions and supporting in the area of green field investments in Lithuania.

Scandinavian equity fund

Acting in relation to its investment to one of the major banks of Lithuania.

One of the largest Lithuanian banks

Advising on various banking and finance matters.

Several international banks

Advising on syndicated loan arrangement in Lithuania.

A major British investor

Advising on financial matters, including raising capital and project financing issues in Lithuania.

A large German corporation

Advising on various project financing issues.

A major British furniture producing company

Advising on financial matters, delivering corporate resolutions and reviewing security (collateral) documentation to secure a syndicated loan. We also issued legal opinions in relation to the foreign syndicated loan.

A world leader in textile industry

Implementing corporate restructuring in Lithuania, including raising the capital, transfer of shares and drafting and reviewing corporate resolutions.

The biggest cosmetics and perfume retailer in Lithuania

Assisting in raising the capital of the company.

A major German electric device producer

Drafting all the necessary documentation in relation to raising capital..

Major listed Lithuanian companies

Acting on several projects relating to a squeeze out.

A major British furniture manufacturer

Advising on EU law matters including executed finance law and corporate law.

One of the largest Lithuanian Banks

Assisting in banking and finance matters.

A major world bank

Represented the bank in signing and registering the pledge bond.

A US based real estate investment fund

Advising on the registration of its Lithuanian subsidiary and company activities matters.

Nordea Bank - the largest Scandinavian bank

Structuring the acquisition transaction and assisting in taking over the business of Kredyt Bank S.A. Vilnius branch.

A foreign investor involved in the financial lease of IT products

Drafting a feasibility study on the prospective activities of the company, and advising on business development in Lithuania.

One of the largest banks in Lithuania

Conducting a legal study on the banking and regulatory compliance in Lithuania following the EU enlargement.

PricewaterhouseCoopers

Advising on off-shore bank liquidation, major debt recovery from a local bank in Lithuania and other related issues.

One of the biggest Lithuanian beer producer

Advising on commercial law and finance law issues, including the preparation of an agreement for subscription of shares, legal analysis of the securities' prospect, and consultations on company management and shareholders issues.

A major Scandinavian transport company

Advising on a number of corporate and other legal issues, and securities' registration and accounting matters.

One of the largest Lithuanian commercial banks

Preparing an in-depth legal study of duties and liability of members of the Council and Management Board, and delivering a presentation covering the main aspects of the study. We carried out a real estate legal due diligence for the bank's real estate company with the view of it potentially entering into real estate lease-back arrangements.

One of Lithuania's largest producers of champagne, wine, liqueurs and soft drinks

Acting in negotiations with the Lithuanian State Property Fund on the sale and purchase of the company's shares, competition clearance and on other related issues.

A large foreign universal bank

Advising on the legal issues related to the post-investment phase and integration of activities of two commercial banks operating in Lithuania.

The Lithuanian State Property Fund

Carrying out an extensive legal due diligence of the third largest Lithuanian bank for the purpose of its potential privatisation. Our services also included the preparation of a feasibility study for privatisation, drafting the share sale and purchase agreement, assistance during the negotiations and advice on other matters.

The world's largest supplier of PET containers

Preparing the debt recovery plan and negotiating the debt recovery contract. We also advised on mortgage of production and raw material, and accounts receivable.

A US investment corporation

Advising on regulations surrounding financial activities and mortgage regulation in Lithuania.

German based leasing group

Advising on the Lithuanian regulatory environment, included drafting of the comprehensive leasing agreement and producing commentaries and a report on the legal issues.

A UK provider of marine salvage and towage services

Issuing a legal opinion on enforceability of loan facility instruments, advising on the pledge of shares of its Lithuanian subsidiary and issuing a guaranty to secure the loan to be extended.

One of the world's largest sellers of crude oil

Advising on a long term assets lease.

A British furniture manufacturer

Advising one of the world's leading sofa's producers on group financing arrangements and a number of financing issues.

One of the leading commercial banks in Lithuania

Providing legal assistance to one of the leading Lithuanian banks on banking and finance matters.

Kaunas City Municipality

Advised in relation to DBO concession of multifunctional sports and entertainment Arena in the island of the second largest city in Lithuania including all project financing legal matters.

Financial services holding company

Advising on various issues in the area of insurance and financial products.

Homburg group (real estate company listed on Toronto stock exchange and Euronext in Amsterdam)

Acting on the acquisition side of the largest real estate project in the Baltic States. We advised Homburg group which acquired commercial portfolio and sale-lease back portfolio of the largest Lithuanian commercial bank. We performed due diligence and overall transaction support in negotiations of the relevant assets and share deals. We also assisted with a multi-property transaction involving acquisition of a large number of real properties located in Lithuania and the acquisition of shares of a real estate business in Lithuania.

 

Jonas Saladžius

  • Managing Partner
  • +370 5 239 2391
  • E-mail