Generated by Rank Math SEO, this is an llms.txt file designed to help LLMs better understand and index this website. # Ellex Legal: Ellex ## Sitemaps [XML Sitemap](https://ellex.legal/sitemap_index.xml): Includes all crawlable and indexable pages. ## Pages - [IBA Annual Conference 2026](https://ellex.legal/iba-annual-conference-2026/) - [A Moment of Modern Elegance](https://ellex.legal/ellex-reception-iba-2026-rsvp/): Ellex reception at IBA Copenhagen | 6 October 16:00–18:00 Name * Surname * Company * Position * Email * City / Country Phone Dietary requirements, allergies, or other notes I agree to Privacy Policy and Terms of Use. CAPTCHAThis site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Submit - [AEL Annual General Meeting](https://ellex.legal/ael-agm-2026-rsvp/): AGM in Tallinn, 10-12 September 2026 Name * Surname * Email * Law firm * Please provide the full legal name of the firm (for invoicing purposes). Reg. code * VAT number * Address * I will attend the Annual General Meeting (11 September) * Yes No Please confirm your attendance Name of accompanying person (if applicable) Welcoming reception (10 September) Quantity* Price: 0,00 € Quantity 0 = not attending · 1 = you · 2 = you + accompanying personDinner at Nomade (10 September) Quantity* Price: 88,00 € Quantity 0 = not attending · 1 = you · 2 = you + accompanying personTallinn old town tour for spouses (11 September) Quantity Price: 60,00 € Quantity 0 = not attending · 1 = accompanying personGala dinner at Fotografiska (11 September) Quantity* Price: 167,00 € Quantity 0 = not attending · 1 = you · 2 = you + accompanying personSaturday tour (12 September) Quantity* Price: 206,00 € Quantity 0 = not attending · 1 = you · 2 = you + accompanying personDinner at NOA (12 September) Quantity* Price: 117,00 € Quantity 0 = not attending · 1 = you · 2 = you + accompanying personTotal All prices are exclusive of VAT. VAT will be applied in accordance with applicable regulations. Dietary requirements, allergies, or other notes Privacy policy and terms of use * I agree to Privacy Policy and Terms of Use. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Submit - [<strong> Dispute Resolution </strong> practice news 2025](https://ellex.legal/dispute-resolution-practice-news-2025/): Amendments to the Civil Procedure Law and Criminal Procedure Law have been submitted to the Saeima (the Parliament of the Republic of Latvia), providing for changes to the jurisdiction of the Economic Affairs Court. - [Autumn News in the Field of <strong> Labour Law </strong>](https://ellex.legal/autumn-news-in-the-field-of-labour-law/): According to information from the Ministry of Welfare, a new law will be drafted this autumn to outline the obligations employers must meet to comply with the directive’s requirements. Although the draft legislation is still pending, employers are encouraged to begin preparations early, as the directive’s principles will be incorporated into national law. Specifically, the directive requires employers to: - [Event Registration – Taste the Baltics](https://ellex.legal/event-registration-iba-2025/): Thank you for your interest in attending our reception! We have received your notification, however, the event is currently fully booked. - [IBA Annual Conference 2025](https://ellex.legal/iba-annual-conference-2025/) - [Baltic Fintech Legal Outlook](https://ellex.legal/baltic-fintech-legal-outlook-regulations/) - [<strong> Dispute Resolution </strong> practice News 2024 | Q4](https://ellex.legal/dispute-resolution-practice-news-2024-q4/): The Ellex Dispute Resolution Practice has prepared an overview on news in the final quarter of 2024, and it includes both amendments to the legal framework and practical information on planned changes to the regulation governing dispute resolution. We also offer an example of a case law on the choice of applicable law for a transaction. - [<strong> Ellex Klavins Employment Newsletter </strong>](https://ellex.legal/ellex-klavins-employment-newsletter_2024/): AMENDMENTS TO THE LABOUR ACT - [<strong> Dispute Resolution </strong> practice News 2024 | Q3](https://ellex.legal/dispute-resolution-practice-news-2024-q3/): On the 1st of September, the National Cybersecurity Act came into effect the purpose of which is to boost cybersecurity measures in Latvia and transpose requirements of the European Union directive on measures for a high common level of cybersecurity across the Union (NIS2). We would like to remind you that introduction and maintenance of the cybersecurity strategy is critical to each and every business company which wants to preserve its reputation and trust of customers. - [IBA Annual Conference 2024](https://ellex.legal/iba-annual-conference-2024/) - [Event Registration – Toast of Law with Ellex](https://ellex.legal/event-registration-toast-of-law-with-ellex/): Name Surname Company Position Email Phone I agree to Privacy Policy and Terms of Use. CAPTCHAThis site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply. Submit - [<strong> Nikola Dukule </strong> becomes Assistant of a Sworn attorney](https://ellex.legal/nikola-dukule-becomes-assistant-of-a-sworn-attorney/): Nikola will practice in close cooperation with her patron Māris Brizgo, Associate partner at Ellex. Nikola specializes in dispute resolution and additionally in employment law. - [<strong> Dispute Resolution </strong> practice group News 2024 | Q2](https://ellex.legal/dispute-resolution-practice-group-news-2024-q2/): The Dispute Resolution Practice of Law Firm Ellex has prepared an overview of the news in the second quarter of this year, which includes both amendments to the legal framework and new findings in the case law, which are useful for businesses in resolving disputes, as well as latest developments in the professional growth of our team. - [Dispute Resolution practice group News 2024 | Q1](https://ellex.legal/dr-newsletter/): The Dispute Resolution Practice Group of Ellex Klavins Law Office has prepared an overview of the latest developments in the first quarter of this year which encompasses not only the latest case law, but also a number of crucial amendments to the laws and regulations which will have an influence on the business environment on a larger scale. - [The latest developments in the <strong> Latvian labour and tax law </strong>](https://ellex.legal/labour_tax_developments/): 17.01.2024. - [IBA Annual Conference 2023](https://ellex.legal/iba-annual-conference-2023/) - [The latest developments in employment relations](https://ellex.legal/the-latest-developments-in-employment-relations/): Amendments to the Commercial Act - [EU Whistleblowing Directive: Latvia](https://ellex.legal/eu-whistleblowing-directive-latvia/): 1. Has the EU Whistleblowing Directive been implemented in your country? If not: At what stage is the legislative process and when do you expect the national legislation to enter into force? - [The latest developments in employment matters](https://ellex.legal/the-latest-developments-in-employment-matters/): Modifications to the Minimum Wage - [Crisis prevention & management](https://ellex.legal/crisis-prevention-management/): Irrational crisis management can be resource intensive and divert management time from strategic business objectives. Thus, while management of a crisis once it has occurred is of acute concern to all businesses and their management teams, it is far more effective to prepare for challenges in advance to avoid them altogether or to mitigate their inevitable consequences. - [Webinar: MiCAR – what to expect from the new EU regulation?](https://ellex.legal/webinar-micar/) - [Official <strong> electronic address </strong> required from January 1, 2023 for legal entities registered in Latvia](https://ellex.legal/official-electronic-address-required-from-january-1-2023-for-legal-entities-registered-in-latvia/):   - [The latest developments in employment law](https://ellex.legal/the-latest-developments-in-employment-law/): Amendments to the Labour Act that came into effect on 1 August 2022 - [Application of EU sanctions against Russia and Belarus](https://ellex.legal/application-of-eu-sanctions-against-russia-and-belarus_ii/): We hope that you will find this overview and the FAQ section useful. Please feel free to reach out to us should you have any outstanding questions regarding the application of sanctions’ regulation. - [Frequently Asked Questions (FAQ)](https://ellex.legal/faq/) - [Latest developments in the labour law in Latvia](https://ellex.legal/latest-developments-labour-law-latvia-support-ukraine/): March 2022 - [Application of EU sanctions against Russia and Belarus](https://ellex.legal/application-of-eu-sanctions-against-russia/): Given sanctions previously imposed on Russia and its associates are still in place, Russia is now a world leader in the level of sanctions imposed. - [Standard terms of Ellex Klavins legal services](https://ellex.legal/standard-terms-of-ellex-klavins-legal-services/): Agreement – the engagement letter (special terms), signed between the Client and the Firm, and these standard terms of Ellex Klavins legal services. - [News](https://ellex.legal/news/) - [Eksperti](https://ellex.legal/eksperti/) - [Experts](https://ellex.legal/lawyers/) - [Careers at Ellex](https://ellex.legal/careers/) - [Front page](https://ellex.legal/) - [Contact](https://ellex.legal/contact/) - [About Ellex](https://ellex.legal/about/) - [Privacy Policy](https://ellex.legal/privacy-policy/): This Privacy Policy is applied to all personal data that you provide to us or that we collect and process when you use the website ellex.legal of the Ellex Circle Law Firms. Ellex Circle Law Firms mean law firm Ellex Raidla in Estonia (office address: Ahtri 4, 10117 Tallinn, Estonia), law firm Ellex Klavins in Latvia (office address: K.Valdemara 62, 1013 Riga, Latvia) and law firm Ellex Valiunas in Lithuania (office address: J. Jasinskio st. 2, LT-01112 Vilnius, Lithuania). ## Experts - [Iveta Piktūrnienė](https://ellex.legal/expert/iveta-pikturniene/) - [Beāte Kate Hegenbarte](https://ellex.legal/expert/beate-kate-hegenbarte/) - [Kenar Kukk](https://ellex.legal/expert/kenar-kukk/): Kenar Kukk is a lawyer in the Competition and State Aid practice group at Ellex in Estonia. He is currently pursuing a master's degree in law at the University of Tartu. - [Rosita Šambarauskaitė](https://ellex.legal/expert/rosita-sambarauskaite/) - [Irina Alas](https://ellex.legal/expert/irina-alas/): Irina Alas is a lawyer at Ellex in Estonia whose primary area of practice is dispute resolution. She has in-depth knowledge of the court system, thorough expertise in civil and administrative court proceedings, and extensive experience in handling a wide range of civil and administrative matters. Irina represents clients both in court proceedings and in alternative dispute resolution. - [Elīna Meijere](https://ellex.legal/expert/elina-meijere/) - [Siim Jürgens](https://ellex.legal/expert/siim-jurgens/): Siim Jürgens is a lawyer at Ellex in Estonia, focusing primarily on environmental and spatial planning law. - [Saulė Kazlauskaitė](https://ellex.legal/expert/saule-kazlauskaite/): While working for the State Consumer Rights Protection Authority and Civil Division of the Vilnius Regional Court, she has gained valuable experience in the fields of consumer law and dispute resolution, family law, domestic litigation, labor law, insolvency, restructuring, and has participated in various court proceedings. Saulė prepares procedural documents, carries out legal analysis, advises clients regarding matters of domestic litigation, family law, insolvency and restructuring proceedings. - [Miglė Urbonė](https://ellex.legal/expert/migle-urbone/) - [Aistė Petrikėnė](https://ellex.legal/expert/aiste-petrikene/) - [Edvinas Džulis](https://ellex.legal/expert/edvinas-dzulis-2/): Edvinas Džulis is a associate partner specialising in real estate development, mergers and acquisitions ( M&A), and other corporate matters. - [Inga Zacharevič](https://ellex.legal/expert/inga-zacharevic/) - [Christian Oliver Palvadre](https://ellex.legal/expert/christian-oliver-palvadre/): Christian Oliver Palvadre is an energy and corporate law expert with extensive and versatile experience, specialising in strategic large-scale projects, renewable energy developments, and complex M&A transactions. Prior to joining Ellex in Estonia, Christian spent nearly six years in the legal department of the Eesti Energia group, where he most recently headed the legal team for development projects and production assets. - [Alina Gaudutytė](https://ellex.legal/expert/alina-gaudutyte/) - [Gundega Riekstiņa](https://ellex.legal/expert/gundega-riekstina/) - [Kornelija Stonkutė](https://ellex.legal/expert/kornelija-stonkute/) - [Ugnė Lazauskaitė](https://ellex.legal/expert/ugne-lazauskaite/) - [Kerli Salu](https://ellex.legal/expert/kerli-salu/): Kerli Salu is a senior associate at Ellex in Estonia specialising in mergers & acquisitions (M&A) as well as contract and corporate law. - [Ott Aava](https://ellex.legal/expert/ott-aava/): Ott Aava is an associate partner specialising in M&A and corporate advisory, with over 15 years of experience advising clients on complex domestic and cross-border transactions. He focuses primarily on mergers and acquisitions, strategic corporate advisory, restructurings and shareholder matters, supporting clients throughout the entire transaction lifecycle from initial structuring to successful closing. - [Ineta Krankale](https://ellex.legal/expert/ineta-krankale/): Ineta is a professional project, process, and team manager with a strong client-oriented approach and focus on results. Ineta has worked in companies across various industries in Latvia and abroad. Ineta's main responsibilities have included process optimization and organization, implementation of new structures, processes, and products, management of sales and client management processes, team leadership, and business development. - [Ronaldas Kubilius](https://ellex.legal/expert/ronaldas-kubilius/): Ronaldas Kubilius is a partner of the firm and the lead of the Sustainability and Tax practices. With more than 17 years of experience, he advises Lithuanian and international businesses and their owners. Over his career, he has worked with 8 of the 10 largest business groups in Lithuania, along with numerous other clients across Lithuania and abroad. - [Jovita Bazevičiūtė](https://ellex.legal/expert/jovita-bazeviciute/) - [Berta Koiduste](https://ellex.legal/expert/berta-koiduste/): Berta Koiduste assists lawyers in their daily work and organizes the reception of guests in the office. - [Siim Vahtrus](https://ellex.legal/expert/siim-vahtrus-is-a-counsel-at-ellex-in-estonia/): Siim Vahtrus is a counsel and one of the leading experts on environmental and spatial planning law in Estonia. During his more than 10 years of experience Siim has advised companies, individuals as well as the public sector in significant court cases, impactful transactions as well as day-to-day regulatory issues. His experiences include advising clients regarding large infrastructure projects (high-voltage transmission lines, railways) as well as renewable energy projects, quarries and mines, waste management facilities as well as residential and commercial properties. - [Viktorija Adomėnienė](https://ellex.legal/expert/viktorija-adomeniene/) - [Sigitas Bočkus](https://ellex.legal/expert/sigitas-bockus/) - [Evelīna Inne](https://ellex.legal/expert/evelina-inne/): Evelīna Inne has gained international experience, both by obtaining bachelor's degree in the Netherlands and by actively participating in the leadership of various student associations. In addition to her broad international perspective, she is also studying the Latvian legal system in practice. Currently she is specializing in M&A and real estate, while simultaneously obtaining a master's degree in law and finance. - [Areta Bartoševičiūtė](https://ellex.legal/expert/areta-bartoseviciute/) - [Anete Bože](https://ellex.legal/expert/anete-boze/): Anete Bože is a senior associate with extensive experience in multiple law firms as well as in-house legal roles. She primarily focuses on corporate law and has broad litigation experience, ranging from first-instance courts to the Supreme Court. Anete also possesses strong expertise in anti-money laundering (AML) regulations and compliance matters related to credit and payment institutions. - [Paula Kellija](https://ellex.legal/expert/paula-kellija/): Paula Kellija is a qualified lawyer, specialising in data protection, cybersecurity, the Data Act, and pharmaceutical law. Alongside this, Paula regularly advises clients on M&A and corporate law matters, providing practical support in corporate governance changes - including amendments to management boards, appointment of representatives, and other related matters. - [Patrīcija Degle](https://ellex.legal/expert/patricija-degle/): Patrīcija Degle is a junior lawyer in the regulated industries practice group. While studying law at the University of Latvia, she continues to strengthen her theoretical knowledge, while also gaining valuable professional experience and eagerly taking on new challenges. - [Agnė Barauskienė](https://ellex.legal/expert/agne-barauskiene/) - [Ugnė Kaselytė](https://ellex.legal/expert/ugne-kaselyte/) - [Joosep Aare](https://ellex.legal/expert/joosep-aare/): Joosep Aare is a lawyer at Ellex in Estonia, specialising in dispute resolution. - [Gintarė Baranauskė](https://ellex.legal/expert/gintare-baranauske-2/) - [Andreas Põšnograjev](https://ellex.legal/expert/andreas-posnograjev/): Andreas Põšnograjev is a lawyer in the dispute resolution practice group at Ellex in Estonia. - [Deimantė Lina Paškevičiūtė](https://ellex.legal/expert/deimante-lina-paskeviciute/) - [Diana Laura Ločinska](https://ellex.legal/expert/diana-laura-locinska/): Diana Laura Ločinska is a Senior Associate specializing in data protection, cybersecurity, and compliance. Since the entry into force of the General Data Protection Regulation (GDPR), Diana Laura has been actively assisting both public and private sector organizations in ensuring compliance: from performing data protection officer (DPO) duties, conducting compliance audits, delivering trainings, and preparing documentation, to managing personal data breaches and representing clients in communications with supervisory authorities or data subjects. - [Martyna Bacevičiūtė](https://ellex.legal/expert/martyna-baceviciute/) - [Marija Dočkutė](https://ellex.legal/expert/marija-dockute/): Marija Dočkutė is an expert with 15 years of specialization in financial law. Marija has gained her diverse experience both as a member of the Management Board, managing legal and compliance departments in FinTech institutions, and representing the interests of clients. Marija has gained highly valuable professional know-how in the areas of financial markets regulation, compliance, risk management, anti-money laundering and anti-terrorist financing, and has worked on the licensing of various types of financial institutions.Marija has successfully represented the interests of financial institutions and virtual currency service providers during inspections conducted by the Bank of Lithuania and the Financial Crime Investigation Service (FCIS). With her extensive experience in the FinTech sector, she has a deep understanding of the business processes of financial institutions and can help you find solutions to identify the right business model for you, to achieve regulatory compliance, as well as to address governance and risk management issues. Maria’s legal assistance can also be invaluable during or in preparation for regulatory inspections, as well as in various audits and risk assessments. - [Aistė Noreikaitė](https://ellex.legal/expert/aiste-noreikaite/) - [Samanta Bramane](https://ellex.legal/expert/samanta-bramane/) - [Kristija Krista Bauska](https://ellex.legal/expert/kristija-krista-bauska/) - [Samanta Lidere](https://ellex.legal/expert/samanta-lidere/): Samanta Lidere is an Assistant Attorney at Law specializing in competition law and dispute resolution. - [Pranas Vainutis](https://ellex.legal/expert/pranas-vainutis/) - [Martynas Butvydas](https://ellex.legal/expert/martynas-butvydas/) - [Greta Galminaitė](https://ellex.legal/expert/greta-galminaite/) - [Elada Ivoškutė](https://ellex.legal/expert/elada-ivoskute/) - [Christina Kiik](https://ellex.legal/expert/christina-kiik/): Christina Kiik is a lawyer in the dispute resolution practice group at Ellex in Estonia. - [Evija Ābele](https://ellex.legal/expert/evija-abele/): Evija Ābele is a senior associate with extensive experience in complex and large-scale cross-border M&A transactions and advising on investments in startups. - [Kristina Saukalienė](https://ellex.legal/expert/kristina-saukaliene/): Kristina Saukalienė is a legal professional with over 15 years of experience in the field, possessing significant expertise in financial law. Her extensive practice, gained through advising one of the largest Scandinavian capital commercial banks operating in Lithuania, enables her to effectively address complex legal issues related to financial services regulation. - [Dominyka Grybauskaitė](https://ellex.legal/expert/dominyka-grybauskaite-2/) - [Greta Gužauskaitė](https://ellex.legal/expert/greta-guzauskaite/) - [Evelina Motiekaitė](https://ellex.legal/expert/evelina-simeleviciute/) - [Dominykas Dunauskas](https://ellex.legal/expert/dominykas-dunauskas/) - [Mija Kochankaitė](https://ellex.legal/expert/mija-kochankaite/) - [Titas Burneckas](https://ellex.legal/expert/titas-burneckas/) - [Dovilė Galinienė](https://ellex.legal/expert/dovile-galiniene/) - [Enrika Tamašauskaitė](https://ellex.legal/expert/enrika-tamasauskaite/): Enrika Tamašauskaitė is an associate partner focusing on transaction advisory and corporate law. With over 10 years of experience in financing transactions, including routine and secured lending as well as loan portfolio sales, she has a proven track record of navigating complex financial landscapes, delivering successful outcomes, and developing robust financial structures tailored to clients’ needs. Enrika also has in-depth expertise in specifically aviation asset finance, advising clients on licensing, aircraft acquisition, financing and leasing, and aviation-specific litigation, covering all key aspects of the industry. - [Ignas Antanaitis](https://ellex.legal/expert/ignas-antanaitis/) - [Paulina Gričenė](https://ellex.legal/expert/paulina-gricene/): Paulina Gričenė is a lawyer specialising in competition law. She has significant experience in representing clients in major recent competition law infringement investigations both before the Competition Council and the courts. She also handles mergers, advises on competition law compliance and provides training. - [Elīna Kārkliņa](https://ellex.legal/expert/elina-kruze/): During the course of her studies and work, Elīna Kārkliņa has gained experience in various fields of law, especially in corporate law, mergers and acquisitions, as well as human rights law; the recent years have brought her additional experience with various real estate and construction matters. - [Elvika Leščinskaitė](https://ellex.legal/expert/elvika-lescinskaite/) - [Eglė Petrošiūtė-Marozė](https://ellex.legal/expert/egle-petrosiute/) - [Vytautas Vosylius](https://ellex.legal/expert/vytautas-vosylius/): Vytautas Vosylius is a Senior Associate specializing in banking and finance. His expertise includes establishing and licensing management companies, structuring and setting up collective investment undertakings, and providing legal advice on regulatory and compliance matters, such as risk management and internal controls. He represents clients before the Bank of Lithuania and advises on investments in foreign collective investment undertakings, including analysis and risk assessment, as well as on the distribution of investment units and shares. - [Ieva Šumskaitė](https://ellex.legal/expert/ieva-sumskaite/) - [Simas Staniulis](https://ellex.legal/expert/simas-staniulis/): Simas Staniulis is a Senior Associate specializing in Fintech and Banking & Finance areas. He has extensive experience advising financial institutions on regulatory compliance matters related to payment service provision and representing clients’ interests in dealings with supervisory authorities, primarily the Bank of Lithuania. Simas is also experienced in establishment and licensing of financial institutions, as well as in consulting clients on acquisitions of qualifying holdings in financial institutions. - [Kotryna Stonkienė](https://ellex.legal/expert/kotryna-stonkiene/) - [Linda Helen Herman](https://ellex.legal/expert/linda-helen-herman/): Linda Helen Herman is a lawyer at Ellex in Estonia, specialising in competition law and banking and finance regulation. - [Hendrik Viimsalu](https://ellex.legal/expert/hendrik-viimsalu/): Hendrik Viimsalu is a lawyer specialising in banking and finance. - [Ieva Stankevičienė](https://ellex.legal/expert/ieva-stankeviciene/) - [Laura Paulaitė](https://ellex.legal/expert/laura-paulaite/): Laura Paulaitė is a senior associate with extensive experience in corporate and M&A field. Throughout her career, Laura has advised and represented private and public companies, private equity funds, partnerships and other type of entities carrying out activities in various business sectors. Laura’s practice focuses on mergers & acquisitions, including post-merger integrations, local and cross-border business reorganization, complex internal transactions and other day-to-day corporate matters. Complementing her corporate practice, Laura has experience with restructuring and insolvency matters making her valuable advisors to the clients in distressed assets sale and acquisition transactions and debt recovery. - [Paul Kaasik](https://ellex.legal/expert/paul-kaasik/): Paul Kaasik is a lawyer at Ellex in Estonia, specialising primarily in the fields of medicine and data protection. - [Elina Lorens](https://ellex.legal/expert/elina-lorens/): Elina Lorens is a lawyer at Ellex in Estonia, specialising in criminal proceedings and dispute resolution. - [Julius Žukauskas](https://ellex.legal/expert/julius-zukauskas/) ## Key Projects - [<strong>Penta Hospitals International</strong> acquires Südamekodud](https://ellex.legal/project/penta-hospitals-international-acquires-sudamekodud/): Südamekodud has grown over the past decade into a leading provider in Estonia, playing an important role in advancing care quality and capacity in the sector. Partnering with Penta Hospitals International marks a natural next step in its development, enabling further investments, service development and regional expansion. - [<strong>EIB and Swedbank have secured €200.75 million in financing </strong>for the developer of the Rūdninkai military campus](https://ellex.legal/project/financing-developer-rudninkai-military-campus/): The Rūdninkai military campus, being developed for the German brigade, is the largest military infrastructure project in the history of independent Lithuania. - [<strong>Hansa Grupp</strong> sells Hansabuss to a Finnish investor](https://ellex.legal/project/hansa-grupp-sells-hansabuss-to-a-finnish-investor/): Finland-based investment company CapMan Infra, through its CapMan Nordic Infrastructure II fund, has signed an agreement with Hansa Group to acquire Hansabuss, the leading bus operator in the Baltic region. The transaction supports Hansabuss’ continued development, enabling the company to strengthen its position in the Baltic and Nordic markets under new ownership. - [<strong>2C Ventures</strong> invests in Estonian medtech Nanordica Medical](https://ellex.legal/project/2c-ventures-investment-in-nanordica-medical/): Ellex advised 2C Ventures throughout the transaction, including legal due diligence and negotiation of the transaction documentation. - [gategroup <strong>expands into the Baltics</strong> with LSG acquisition](https://ellex.legal/project/gategroup-expands-into-the-baltics-with-lsg-acquisition/): gategroup, a global leader in airline catering, has acquired 100% of LSG’s operations in Latvia and Estonia from Aurelius, expanding its Northern European network into the Baltic region. - [<strong>Cgates expands operations</strong> by acquiring part of Splius business](https://ellex.legal/project/cgates-expands-by-acquiring-of-splius-business/): Ellex Lithuania advised Cgates on M&A, competition law and regulatory matters, infrastructure integration issues, and represented the company before the Competition Council of Lithuania and other public authorities. - [Lithuanian startup <strong>Tingit.com platform</strong> secures €1.5 million investment](https://ellex.legal/project/tingit-com-platform-secures-investment/): The lead investor in this round was venture capital fund Coinvest Capital, joined by Firstpick, NGL Ventures, and existing foreign investors in Tingit – Germany’s Heartfelt, Latvia’s BADideas, and Czechia’s Purpose Tech. - [<strong>Estonian government</strong> issues €1 billion in bonds](https://ellex.legal/project/estonian-government-issues-e1-billion-in-bonds/): The bonds, maturing in 2036, attracted robust demand, with subscriptions exceeding the offered volume by more than two times. The investor base consisted mainly of European banks, pension funds and investment funds, with a clear preference for long‑term holdings rather than short‑term trading. - [Maxima Grupė has successfully issued <strong>a €350 million bond offering</strong>](https://ellex.legal/project/maxima-grupe-eur-350-million-bond-offering/): Goldman Sachs Bank Europe SE, ING and SEB were selected by Maxima Grupė as partners for its bond programme and bond issuance. - [Lithuania <strong>borrowed €1 billion</strong> on international financial markets](https://ellex.legal/project/lithuania-borrowed-eur-1-billion/): Ellex Lithuania team, consisting of Associate Partner Eglė Neverbickienė and Senior Associate Kristina Saukalienė, acted as legal adviser to the issuer, Lithuanian Government. - [Nearly <strong>€180 million deal</strong> completed in the Baltic real estate market](https://ellex.legal/project/nearly-eur-180-million-re-deal-completed/): BRP managed one of the largest income-generating commercial real estate portfolios in the Baltics – portfolio comprised 184 thousand sq. m of leasable property. Occupancy exceeded 99% on the date of sale. BRP sold the assets it had managed in Estonia, Latvia, and Lithuania upon reaching the end of its operational term. BRP’s management company, Žabolis ir partneriai kapitalo valdymas, announced that over its 10 years of operation, BRP increased investors’ capital by 2.4 times and achieved a 14% annual return after fund fees. - [<strong>Liven</strong> completed its initial public offering of shares](https://ellex.legal/project/liven-announced-a-public-offering-of-shares/): As a result of the offering, Liven now has more than 2,500 shareholders. All shares of the company were admitted to trading on the Baltic Main List of the Nasdaq Tallinn Stock Exchange, with the first trading day on 15 May 2026. - [Gren Group completes <strong>€1.15 billion refinancing</strong> for its Baltics business](https://ellex.legal/project/gren-group-completes-e1-15-billion-refinancing-for-its-baltics-business/): Gren provides district heating and cooling, renewable energy solutions, and industrial energy services, and has extensive local biomass and waste-based energy production experience. Gren operates across the Baltics and the UK, with 1,500 MW of production capacity, over 700 km of heat networks, and approximately 3.0 TWh of annual energy sales. More than 95% of its energy is produced from renewable and recovered fuels. - [Eastnine sells three commercial properties in Riga – <strong>a significant transaction in the Baltic real estate market</strong>](https://ellex.legal/project/eastnine-sells-three-commercial-properties-in-riga-a-significant-transaction-in-the-baltic-real-estate-market/): Ellex in Latvia team, Ivars Pommers and Elīna Krūze, advised Eastnine on all legal aspects of the transaction. - [<strong>Brolis Defence Group</strong> majority stake acquisition by ETNA – largest defence sector transaction in the Baltics](https://ellex.legal/project/brolis-defence-group-stake-acquisition/): Brolis Defence Group (including Brolis Semiconductors and Brolis Photonics Solutions) is a vertically integrated high-technology company founded in 2011 by the three Vizbaras brothers. The company develops and manufactures advanced electro-optical and laser systems for defence and security applications, serving armed forces in more than 40 countries. Brolis has become a key European supplier of aiming lasers, thermal sights, night vision, and SWIR technologies to NATO allies. - [Significant ruling on sanctions compliance liability in <strong>Lithuania’s financial sector</strong>](https://ellex.legal/project/significant-ruling-on-sanctions-compliance-liability-in-lithuanias-financial-sector/): The legal dispute arose from a payment initiated in February 2022 from an account at a Russian bank that was not transferred to the account of a company registered in Lithuania. In compliance with anti-money laundering requirements, the payment was suspended and reviewed, during which international sanctions were imposed on the bank from whose client account the payment had been initiated. - [<strong>LIGHT CONVERSION</strong> granted large-scale project status for €47 million investment in Vilnius](https://ellex.legal/project/light-conversion-granted-large-scale-project-status/): LIGHT CONVERSION plans to build a 13,000 sq. m manufacturing and research center that will enable nearly a threefold increase in production capacity – from 1,000 to 2,700 laser systems per year. It is also estimated that the project will create 200 new jobs between 2028 and 2031. The project is expected to be completed by the end of 2034. - [<strong>European Commission:</strong> payments for natural gas supply to <strong>Klaipėda LNG terminal</strong> comply with EU State aid rules](https://ellex.legal/project/european-commission-payments-for-natural-gas-supply-to-klaipeda-lng-terminal/): At the meantime, the Klaipėda LNG terminal operates under market conditions. It no longer relies on a designated supplier, and compensation for supplying the mandatory quantity of LNG is no longer granted. - [<strong>EIT Urban Mobility</strong> invests in Lithuanian startup <strong>Inbalance grid</strong>](https://ellex.legal/project/eit-urban-mobility-invests-in-inbalance-grid/): Among the investors is EIT Urban Mobility, an initiative of the European Institute of Innovation and Technology (EIT), a body of the European Union, focused on fostering innovation and investment in mobility technologies. EIT Urban Mobility was advised on the transaction by Ellex in Lithuania attorneys Rūta Armonė and Arvydas Grušeckas. - [At Lithuania’s initiative, the CJEU shapes legal practice on the <strong>application of international sanctions</strong>](https://ellex.legal/project/the-cjeu-shapes-legal-practice/): Lawyers from Ellex Lithuania, who represented the financial institutions in the case, note that this preliminary ruling is significant because it will shape future judicial and market practice. This is one of the most significant CJEU clarifications of international sanctions law in recent years, and it will have a direct influence on both the practice of financial institutions and the decisions of national institutions throughout the EU. - [<strong>Ignitis Group</strong> attracted foreign equity investment to Vilnius CHP](https://ellex.legal/project/ignitis-group-attracted-foreign-equity-investment-to-vilnius-chp/): Vilnius CHP, owned by Ignitis Group, is one of the most modern plants of its kind in Europe, capable of simultaneously generating electricity and heat using waste or biomass. It can supply approximately half of Vilnius city’s annual heating demand. - [<strong>Fitek</strong> acquires the leading settlement and payment services provider in the Baltics](https://ellex.legal/project/fitek-acquires-payment-services-provider/): Fitek OÜ is a rapidly growing Estonian financial technology company that provides smart and automated e‑invoicing and purchase invoice management solutions. - [<strong>AWC</strong> acquires a 22.2% stake in MyFitness](https://ellex.legal/project/awc-acquires-significant-minority-stake-in-myfitness/): Ellex in Estonia advised Awilhelmsen Capital (AWC) on acquiring significant minority stake in My Fitness AS, the largest fitness club chain in the Baltic countries. Ellex team was led by Associate Partner Alla Kuznetsova. - [<strong>Capitalica European Office Fund</strong> successfully issued and listed a new bond issue](https://ellex.legal/project/capitalica-european-office-fund/): This transaction marks a significant milestone: it is the first in the Lithuanian market where bonds could be acquired through an investment account (investicinė sąskaita) during the primary offering via a Nasdaq auction. - [<strong>Orkla Eesti</strong> to sell Põltsamaa ready meals and juices business to Svensky Kaubandus](https://ellex.legal/project/orkla-eesti-sells-svensky-kaubandus/): Food production began in the small town of Põltsamaa more than 100 years ago, and today Põltsamaa is one of Estonia’s most well-known and beloved brands. The Põltsamaa ready meals and juices business sold by Orkla Eesti is comprised of the production facility, the employees, the famous Põltsamaa trademarks and certain other assets. In addition to the sale of the Põltsamaa business, the parties have agreed on a partnership whereby Orkla Eesti AS will start ordering various products from the Põltsamaa factory in the future. - [Tera Ventures and co-investors sell <strong>Defendec to Vosker</strong>](https://ellex.legal/project/defendec-sale-to-vosker/): Ellex advised Tera Ventures, Ubiquitous Ventures, Sentosa Capital and the other sellers on the divestment of 100% of the shares in Defendec Holding OÜ and its Estonian, UK and US subsidiaries to VOSKER, a Montreal-based provider of advanced surveillance solutions. Defendec is a leader in AI-powered, autonomous surveillance solutions for businesses and government agencies. Its technology enables always-on, remote monitoring in demanding environments, helping clients protect critical infrastructure and secure their operations. - [<strong>SmartCap</strong> invests in Taaleri Energia’s infrastructure fund](https://ellex.legal/project/smartcap-taaleri-energia/): SmartCap committed €25 million to accelerate the development and operation of onshore wind, solar and battery energy storage assets across the Baltics, Nordics, Poland and select markets in Europe and the U.S. - [Participation as an <strong>international sanctions expert</strong> in an arbitration proceeding in London](https://ellex.legal/project/international-sanctions-arbitration-proceeding-london/): Marika Kütt, counsel at Ellex in Estonia and international sanctions expert, has represented clients in several arbitration proceedings arising from sanctions‑related issues. Most recently, she served as an EU sanctions expert in an arbitration held in London (LCIA). - [The sale of <strong>Gjensidige’s Baltic operations</strong> has been succesfully completed](https://ellex.legal/project/the-sale-of-gjensidige/): ERGO International AG was advised by Ellex M&A, competition and regulatory teams: Augustinas Mačionis, Lina Radavičienė, Lorena Nomeikaitė, Eglė Petrošiūtė-Marozė, Arvydas Grušeckas, Šarūnas Keserauskas, Marius Juonys, Liga Merwin, Martin Maesalu, Sven Papp, Filips Klavins and Ramūnas Petravičius. - [<strong>Inspiration Capital Partners</strong> has received an asset management company activity permit](https://ellex.legal/project/ellex-assisted-inspiration-capital-partners/): “The asset management company activity permit granted by the Bank of Lithuania represents an important strategic milestone for the development of the entire Inspiration holdings group. It enables us to offer investors transparent, professionally structured investment opportunities that meet the regulatory standards. We highly value the Ellex team for their professional and consistent support throughout the entire licensing process,” comments Paulius Grigas, CEO of Inspiration Capital Partners UAB. - [<strong>SmartCap</strong> invests in Nordic Science Investments](https://ellex.legal/project/smartcap-invests-in-nordic-science-investments/): “Technology transfer is one of the key tools we have to move valuable research and scientific discoveries out of academia and develop it into real-world benefits with economic and societal impact,” said Sille Pettai, Managing Director at SmartCap. “By investing in Nordic Science Investments, we are helping to build a more structured pathway from Estonian and Nordic universities to globally competitive companies and ensuring that breakthrough ideas don’t stay in the lab but reach the market in the form of new products, services, and high-value jobs.” - [<strong>EUR 3.9 Million Financing Secured</strong> for Jēkaba Kazarmas Parking Acquisition](https://ellex.legal/project/eur-3-9-million-financing-secured-for-jekaba-kazarmas-parking-acquisition/): We represented the buyer, SIA ABC parking, providing full legal support in the acquisition of the shares in SIA Jēkaba Arkāde (the company managing the well-known multi-storey parking complex located next to Riga’s Old Town, comprising 320 parking spaces), including respective financing transaction with Rietumu Banka in the amount of EUR 3.9 million. - [Munich Re receives <strong>approval to acquire Gjensidige in the Baltics</strong>](https://ellex.legal/project/munich-re-receives-approval-to-acquire-gjensidige-in-the-baltics/): “This was one of the most complex and largest concentrations investigated in Lithuania this year, taking almost 8 months to review. The complexity of the process was also due to the fact that the business is being acquired in all three Baltic countries. The Competition Council has set certain conditions and obligations for the transaction, which the buyer will still have to implement. We trust that the parties to the transaction will fulfil all the conditions of the authorization and that the transaction will be successfully completed,” commented Marius Juonys, partner and head of the competition practice at Ellex Valiunas. - [<strong>P&E Real Estate</strong> acquired Solaris Centre from Swedish owners](https://ellex.legal/project/pe-real-estate-acquires-solaris-centre/): Solaris Centre is a prominent entertainment and leisure complex located in the heart of Tallinn. The centre houses a concert hall, cinemas, a fitness club, cafés and restaurants, a supermarket, parking facilities, as well as various retail stores and office spaces.  - [<strong>Bauroc</strong> strengthens market position with acquisition of Rae Kivitehas](https://ellex.legal/project/bauroc-strengthens-market-position/): Bauroc’s CEO, Ivar Sikk, stated that the main goal of acquiring Rae Kivitehas is to increase production capacity and offer clients a more modern and diverse product range. - [Rietumu Bank grants EUR 19 million financing for the development of <strong>VERDE</strong>](https://ellex.legal/project/rietumu-bank-grants-eur-19-million-financing-for-the-development-of-verde/): The financing enables the next phase of growth for one of Riga’s fastest-developing office complexes. VERDE currently operates its A and B buildings, offering 45,000 m² of office space, while the upcoming C and D buildings will add an additional 37,000 m², including 22,500 m² of Class A leasable office space and more than 2,500 new workplaces.  - [<strong>Supporting Delta Plus Group</strong> in strengthening its presence in the Baltic States](https://ellex.legal/project/supporting-delta-plus-group-in-strengthening-its-presence-in-the-baltic-states/): This acquisition further strengthens Delta Plus Group’s presence in the Baltic States and enhances its premium workwear offering, supporting the Group’s strategic expansion into the Scandinavian market. - [<strong>Luminor Bank</strong> supports development of advanced hybrid solar and battery park in Latvia](https://ellex.legal/project/luminor-bank-supports-development-of-advanced-hybrid-solar-and-battery-park-in-latvia/): The funding will be used for the development of a 65 MW solar park and a 46 MW battery energy storage system (BESS) in Saldus Municipality – one of the most advanced hybrid renewable energy projects in Latvia to date. - [<strong>Egged drives strategic growth</strong> in the Baltics](https://ellex.legal/project/egged-drives-strategic-growth-in-the-baltics/): Egged Transportation Company Ltd, controlled by the Keystone Infrastructure Investment Fund, already operates through its subsidiaries EBS Public Transportation BV in the Netherlands and Mobilis sp. z o.o. in Poland. With this acquisition, the company strengthens its presence in the European public transport sector and continues implementing its long-term strategy aimed at sustainable growth and innovation in mobility. - [<strong>The Republic of Estonia</strong> issues €500 million bonds](https://ellex.legal/project/the-republic-of-estonia-issues-500-meur-bonds/): Ellex in Estonia team included Partners Raino Paron and Senior Associate Kevin Gerretz. - [<strong>Beijer Ref</strong> acquires leading Baltic HVAC distributor Airwave](https://ellex.legal/project/beijer-ref-acquires-hvac-distributor-airwave/): This strategic acquisition supports Beijer Ref’s long-term growth ambitions in Northern Europe and strengthens its position in the fast-evolving HVAC distribution. - [Ellex advises<strong> ZGI-4 Fund and GK Capital</strong> on the sale of Echoo Group to Nordomatic](https://ellex.legal/project/ellex-advises-zgi-4-fund-and-gk-capital-on-the-sale-of-echoo-group-to-nordomatic/): This deal marks an important step in the growth story of Echoo Group, which joins Nordomatic - a global leader in smart and sustainable building automation solutions. The acquisition opens new opportunities for innovation, energy efficiency, and expansion across the Baltic region.  - [Ellex advised <strong>Specialist VC</strong> in Yaga’s €4M pre-Series A funding round](https://ellex.legal/project/ellex-advised-specialist-vc-yaga/): Ellex team included Antti Perli, Rutt Värk, Gerd Laub, Merlin Liis-Toomela, Hanna Pahk and Katrina Külm. - [<strong>Dan Distribution</strong> becomes part of Exclusive Networks](https://ellex.legal/project/dan-distribution-becomes-part-of-exclusive-networks/): Dan Distribution has been distributing cybersecurity solutions in the Baltics for more than 15 years. In preparation for the transaction, Ellex team carried out the pre-sale reorganization of the company in Latvia and Lithuania, as well as provided comprehensive legal support in all areas relevant to the transaction – from structural planning to resolving competition, tax and data protection matters. - [Ellex advises <strong>Ingka Investments</strong> on the largest forestland acquisition in the Baltics to date](https://ellex.legal/project/ellex-advises-ingka-on-the-lacquisition/): Ingka Investments has entered into an agreement to acquire approximately 153,000 hectares of land in Latvia and Estonia, 89% of which is forestland. The land was purchased from Södra, Sweden’s largest forest owners’ association, for a total transaction value of EUR 720 million. The completion is subject to approval by the relevant regulatory authorities.  - [<strong>Valstybės investicinis kapitalas</strong> completes EUR 25 million bond issue strengthening Lithuania’s investment and defence capacity.](https://ellex.legal/project/valstybes-investicinis-kapitalas-completes-eur-25-million-bond-issue-strengthening-lithuanias-investment-and-defence-capacity/): These are the first Nasdaq Defence Bonds under their new European Defence Bonds Framework, and all proceeds will be directed as investments into Rheinmetall Defence amunition factory.  - [<strong>Bayard Capital</strong> invests over €10 million in Estonian mirror house innovator ÖÖD](https://ellex.legal/project/bayard-capital-invests-e10-m-ood/): ÖÖD will leave the Funderbeam platform as part of the deal, while Funderbeam investors can reinvest their takeover proceeds directly into the company. - [<strong>Volta SKAI OÜ</strong> bond issue oversubscribed by 2.2 times](https://ellex.legal/project/volta-skai-ou-bond-issue-oversubscribed/): The bond issue was advised by Partner Gerli Kivisoo, Senior Associate Kevin Gerretz, and Lawyer Hendrik Viimsalu. - [<strong>Pindstrup Mosebrug AS</strong> acquires SIA Compaqpeat](https://ellex.legal/project/pindstrup-mosebrug-as-acquires-sia-compaqpeat/): With this acquisition, Compaqpeat becomes part of the Pindstrup Group. The investment strengthens Pindstrup’s position in strategically important growth markets and supports the company’s ambition to drive the industry toward a more sustainable future. It also marks a significant milestone in Compaqpeat’s development. Over the past 18 years, the company has grown into a globally recognized producer of high-quality substrates. - [Ellex provides legal support to <strong> Storent Holding</strong> as it enters the U.S. market](https://ellex.legal/project/ellex-provides-legal-support-to-storent-holding-as-it-enters-the-u-s-market/): Ellex Latvia has provided legal assistance to construction equipment rental company Storent Holding, which has acquired a 70% stake in the U.S.-based equipment rental company Connect Rentals. - [<strong>A. Le Coq</strong> has signed an agreement to acquire Värska Originaal](https://ellex.legal/project/a-le-coq-acquire-varska-originaal/): A. Le Coq’s managing director, Jaanus Vihand, commented, “To compete long-term with large foreign companies, especially in export markets, it is necessary to broaden the non-alcoholic product portfolio and increase production capacity. That’s why we have been looking for opportunities to realize our strategic ambitions. Värska’s mineral waters, which support a healthy lifestyle, complement our existing portfolio well, and bringing this beloved domestic brand under our roof is a great honor.” - [Ellex supports educational initiative <strong>TI-hüpe</strong>: bringing AI to Estonian high schools](https://ellex.legal/project/ellex-supports-educational-initiative-ti-hupe/): 143 high schools have joined the TI-hüpe initiative, and over 3,800 teachers are participating in training sessions to gain the knowledge and skills needed to integrate AI into their teaching practices. One of the most significant milestones of the project is the agreement with OpenAI, which enables schools to access ChatGPT Edu—a version of ChatGPT specifically tailored for educational institutions. - [Establishment of the <strong> Latvian Students Mathematical Analysis Network Association </strong>](https://ellex.legal/project/establishment-of-the-latvian-students-mathematical-analysis-network-association/): Our team, led by partner Sarmis Spilbergs, senior associate Kaspars Oļševskis and associate Elīna Krūze advised the client throughout the establishment process. - [Establishment of the <strong> Drone House Association </strong> and obtaining the status of a public benefit organization](https://ellex.legal/project/establishment-of-the-drone-house-association-and-obtaining-the-status-of-a-public-benefit-organization/): “Drone House” is the only organization in Latvia developing the unmanned aerial vehicle competence center, with the goal of promoting high-quality, accessible, and socially significant education in this field. The initiative strengthens technical education, security, and innovation, making the unmanned aerial vehicle sector a vital part of Latvia’s future development. - [<strong>Superangel</strong> and <strong>Specialist VC</strong> invest in Lightyear’s $23M Series B round](https://ellex.legal/project/superangel-specialist-vc-lightyear-23m/): Superangel and Specialist VC were advised by Partner Antti Perli. - [<strong> Hansas Property Holding AB </strong> sells SIA Hanzas Park to SIA TWELVE](https://ellex.legal/project/hansas-property-holding-ab-sells-sia-hanzas-park-to-sia-twelve/): The transaction involved the transfer of real estate located at 18 Hanzas Street, Riga, where the buyer intends to develop a modern mixed-use project. Ellex proudly represented the seller, a long-standing client. - [Orkla Eiendom AS acquires real estate companies from <strong>Orkla Latvija SIA</strong>](https://ellex.legal/project/orkla-eiendom-as-acquires-real-estate-companies-from-orkla-latvija-sia/): As a result of the transaction, Orkla Eiendom AS obtained strategic real estate assets in Riga, including properties at the intersection of Tallinas and Artilērijas Streets (known as the Staburadze territory), as well as several properties on Miera Street, notably the building housing the local Orkla office and the Chocolate Museum. Ellex also supported the client in negotiating lease agreements with Orkla Latvija SIA.  - [<strong>Vok Bikes</strong> raises $6M Series A funding](https://ellex.legal/project/vok-bikes-raises-6m-series-a-funding/): Photo: Vok Bikes - [<strong> Telia Company </strong> signs MoU to divest shares in Tet and LMT](https://ellex.legal/project/telia-company-signs-mou-to-divest-shares-in-tet-and-lmt/): Telia’s decision to move forward with the divestment reflects a fair market valuation for Tet and LMT. The current complex ownership structure has hindered optimal value creation, and this MoU marks a significant step forward. Under new ownership, Tet and LMT will be better positioned to grow and innovate—benefiting customers, employees, and the broader market. - [<strong> UAB Sakalas </strong> acquires SIA Futurus Food](https://ellex.legal/project/uab-sakalas-acquires-sia-futurus-food/): Ellex assisted UAB Sakalas with legal due diligence and the closing of the transaction involving the acquisition of 100% of the shares in SIA Futurus Food. - [<strong> Uniper SE </strong> sells 18.26% stake in AS Latvijas Gāze to Energy Investments SIA](https://ellex.legal/project/uniper-se-sells-18-26-stake-in-as-latvijas-gaze-to-energy-investments-sia/): Uniper is an international energy company that operates roughly 19.5 GW of generation capacity in Europe, which ranks it among the world’s largest power producers. - [<strong>Supernode Global</strong> invests in AI-native design platform – Flowstep](https://ellex.legal/project/supernode-global-invests-in-flowstep/): The platform is built on cutting-edge AI technologies and is already gaining traction globally. For Supernode Global, this investment aligns with their focus on the future of intelligent tools that empower creative and technical teams. Among Supernode’s investors are Tera Ventures and Specialist VC, both of whom are long-standing clients of Ellex. - [One of the <strong>largest real estate deals</strong> in Latvia in Q2 2025](https://ellex.legal/project/one-of-the-largest-real-estate-deals-in-latvia-in-q2-2025/): The deal marked a notable cross-border transaction between Baltic investors and demonstrated continued liquidity for mature, income-generating retail assets in Riga. T/C Mežciems is a fully leased shopping centre anchored by Maxima, providing stable long-term cash flow. The acquisition represents a strategic expansion for the buyer and reflects the growing role of local investors in Latvia’s retail real estate sector. - [<strong>Superangel</strong> invests in maritime defence innovator Kraken Technology Group](https://ellex.legal/project/superangel-invests-in-maritime-defence-innovator-kraken-technology-group/): Ellex continues to support investments that advance technological innovation and regional security. Superangel was advised by Partner Antti Perli and Counsel Rutt Värk. - [<strong>Expeditions Fund, HCVC, and Vsquared Ventures invest</strong> in Lendurai](https://ellex.legal/project/expeditions-fund-hcvc-and-vsquared-ventures/): Lendurai is a Tallinn, Estonia-based company which specializes in tactical autonomous UAVs for GPS-denied operations. The funding will help Lendurai to scale existing products, develop the next phase of the long-term plan, expand global sales and business development, and double the engineering team to focus on machine learning, simulators, and control.  - [<strong>Superangel</strong> participated in the $20 million investment round into tech company Labrys](https://ellex.legal/project/superangel-invested-into-tech-company-labrys/): Superangel was advised by Partner Antti Perli and Counsel Rutt Värk.  - [<strong>Telia Eesti AS</strong> acquires Estonian software company Iglu OÜ](https://ellex.legal/project/telia-eesti-acquires-software-company-iglu/): This acquisition aims to strengthen Telia Eesti AS's position as a leading IT partner for major corporations in Estonia. The transaction is still subject to the approval by the Estonian Competition Authority.  - [Trodo becomes <strong>100% Latvian-owned</strong>](https://ellex.legal/project/trodo-becomes-100-latvian-owned/): Founded in 2012, Trodo operates under the Trodo and Eurodel brands and is one of the region’s most prominent pure-play e-commerce businesses. The company holds strong market positions in Latvia and Norway, while rapidly expanding across Sweden, Finland, Lithuania, Estonia, and other markets. Trodo’s platform combines product compatibility expertise with user-friendly digital tools, serving a growing customer base across the Nordics and Baltics.  - [<strong>BCS Itera AS</strong> sells its business to Digmatix](https://ellex.legal/project/bcs-itera-as-sells-its-business-to-digmatix/): Ellex provided legal support to BCS Itera AS on all aspects of the transaction, including transaction documents and negotiations, as well as competition and data protection matters. The team included Partners Risto Vahimets and Martin Mäesalu, Counsel Merlin Liis-Toomela, and Associate Hegle Pärna. - [<strong> Partnor AS and C.A.C. FINANS ApS </strong> acquires shares in XL Parts SIA](https://ellex.legal/project/partnor-as-and-c-a-c-finans-aps-acquires-shares-in-xl-parts-sia/): XL Parts SIA operates in the automotive parts and accessories stores sector. - [<strong>Finterest Eesti OÜ</strong> was granted a license to operate as a credit intermediary](https://ellex.legal/project/finterest-granted-a-license/): The license grants Finterest Eesti OÜ the right to intermediate the granting of credit to consumers or indicate the possibility to enter into a credit agreement to a consumer for a fee. Additionally, according to the license, Finterest Eesti OÜ may assist the consumer in acts preliminary to entering into to a credit agreement or in entering into the agreement and any other activities related thereto. - [<strong> FIFAA Latvija </strong> acquires Bang Bang Shop & Coffee](https://ellex.legal/project/fifaa-latvija-acquires-bang-bang-shop-coffee/): The client was advised in the transaction by Ellex Associate partner Māris Brizgo and Senior Associate Evija Ābele. - [<strong>Nordic Solar A/S</strong> lends €24.15M from Swedbank for the completion of the solar park](https://ellex.legal/project/nordic-solar-a-s-lends-e24-15m-from-swedbank-for-the-completion-of-the-solar-park/): Nordic Solar A/S is a solar energy company which had developed over 20 European projects. It is the company's second project in Lithuania. A year ago, in Molėtai district, they opened the country's largest 100 MW solar park, which Swedbank also financed.   - [<strong>Ellex helps Estonia</strong> defeat a claim by US investor](https://ellex.legal/project/ellex-helps-estonia-defeat-us-investor-claim/): The Seaplane Harbour, or Lennusadam in Estonian, is a culturally significant port area in Estonia’s capital city. It is famous for its architecturally unique seaplane hangars, which were transformed into a museum in 2012.  - [<strong>Blackwall</strong> raises €45m Series B](https://ellex.legal/project/estonian-based-blackwall-raises-e45m-series-b/): The investment was advised by Partner Antti Perli and Senior Associate Alla Kuznetsova. ## Services - [Foreign Direct Investment Control](https://ellex.legal/service/foreign-direct-investment-ellex/): National security screening of foreign direct investment (FDI) is becoming more prevalent and stringent globally, playing a critical role in cross-border transactions. Without a proper strategy at the start of a transaction, FDI review can become a deal breaker or expose transactions to legal challenges, extended timelines and increased costs. As a law firm with a leading foreign direct investment practice in the Baltic region, we ensure that advanced planning helps avoid unexpected surprises.  - [24/7 crisis management](https://ellex.legal/service/24-7-crisis-management/): Ellex's crisis management team is available 24/7 to help manage a range of risks, including: - [Blockchain and Digital Assets](https://ellex.legal/service/blockchain-and-digital-assets/): Blockchain solutions and digital assets have allowed for emergence of new business models and have, through that, started transforming entire industries. Since the development of blockchain and digital assets, the understanding of financial services in traditional finance has changed significantly. The present and future of the financial services is also based on services provided on blockchain technology and in the form of digital assets. The Ellex team of legal experts has an extensive experience in matters related to the blockchain technology and digital assets. - [ESG services](https://ellex.legal/service/esg-services/): Ellex team of legal experts is ready to provide both strategic and specialist advice on all environmental, social and governance (ESG) and other sustainability linked topics. Our lawyers have the experience and understanding of the regulatory landscape and practice to provide support on a wide range of areas, starting from general risk management, governance and transparency frameworks to employee relations as well as advising on transactions, including in the sphere of sustainable finance, and ending with complex litigation which already starts to form new landmark case law on ESG related topics. - [M&A](https://ellex.legal/service/ma/): Our lawyers advise on a wide range of matters related to public and private M&A with a particular focus on complex, cross-border transactions. Our experts have advised on major deals locally and globally, both as independent advisors and by working closely with the best law firms in Europe and beyond. - [Capital Markets](https://ellex.legal/service/capital-markets/): We are at the forefront of the Baltic capital markets, working on introducing the most sophisticated and innovative financial instruments in the region. Our capital markets team's experience spans a broad range of products, including initial public offerings, domestic and international offerings, private placements, bonds, debt programs and sovereign bond issuance. - [Real Estate Transactions & Leases](https://ellex.legal/service/real-estate-transactions-leases/): Our real estate lawyers advise on the full life cycle of corporate real estate structures — from the initial choice of structure, tax optimization, the establishment of vehicles, funding, the acquisition and asset, and project management to financial and tax-sensitive exits from individual investments. - [Private Equity](https://ellex.legal/service/private-equity/): Our clients benefit from the breadth and depth of our private equity experience and integrated services — with consistent quality and responsiveness across the Baltics. - [Finance](https://ellex.legal/service/finance/): With extensive experience in commercial lending, subordinated and syndicated loans, refinancing and portfolio restructuring, we can effectively handle and coordinate the documentation of complicated transactions and participate in multi-jurisdictional projects. We know the importance of collateral and are experts in the regulation and structuring of all types of security instruments available in our jurisdictions. Regarding asset finance, we regularly represent borrowers, as well as lenders, helping clients put into place funding for projects as diverse as commercial real estate development, industrial plant acquisition, transport and infrastructure projects. Our team also specializes in providing services to foreign investors and local companies on all legal matters related to the application, receipt and use of national financing and the European Structural Funds. - [Commercial Transactions](https://ellex.legal/service/commercial-transactions/): We provide pragmatic, insightful counsel that not only addresses the risks that clients take with deals, but also helps them uncover hidden value, as well as understand the nuances of each deal. We assist clients across industries and sectors, navigating complex matters to help manage risks and ensure compliance with contract terms. - [Construction](https://ellex.legal/service/construction/): Our team has developed a deep understanding of the commercial requirements of owners and contractors during its two decades of experience in handling various aspects of the real estate and construction sectors. - [Corporate Governance & Advisory](https://ellex.legal/service/corporate-governance-advisory/): Our experts provide clients with early insights into new developments to help them prepare for change. We offer comprehensive counsel and representation to public and private companies concerning the regulatory landscape and best practice for corporate governance matters. - [Employment, Benefits & Pensions](https://ellex.legal/service/employment-benefits-pensions/): We can advise on a wide range of employment issues and are well prepared to help our clients meet the challenges of today’s global workforce. We take our clients through the maze of administrative regulations, local legislation and EU policies with respect to relocating employees and their families. Our experts advise on immigration requirements, employment regulation, tax and other related matters. - [Foreign Direct Investment](https://ellex.legal/service/foreign-direct-investment/): Globalization is a prevailing trend, with multinational firms having investments in a variety of countries. We support our clients' economic growth by assisting them in opening branches and expanding investments. - [Insurance Transactions](https://ellex.legal/service/insurance-transactions/): Our experience in the insurance sector covers all aspects of the insurance industry and statutory regulation. We have advised life and non-life insurance companies operating in the Baltics on matters related to legal frameworks, product development, investments, consumer rights, and insurance indemnities, as well as issues regarding distribution channels and insurance intermediation. - [Tax & Structuring](https://ellex.legal/service/tax-structuring/): Our know-how in this field is based on years of consulting, transactional, and advocacy experience in all substantive areas of taxation, both domestically and internationally. Our clients are provided with creative and strategic solutions that make sound business sense and are commercially pragmatic. - [Venture Capital & Start-ups](https://ellex.legal/service/venture-capital-start-ups/): We advise clients in fund formation, including identifying appropriate structures, preparing, reviewing and negotiating fund terms and limited partnership agreements, advising on governance and compliance and handling relations with financial supervision authorities and venture capital companies. - [Wealth Management & Private Clients](https://ellex.legal/service/wealth-management-private-clients/): Our experts’ in-depth legal knowledge coupled with their industry experience allows us to advise on every aspect of the asset and wealth management sector – from fund formations to mergers and acquisitions. Our clients benefit from our knowledge of new regulatory initiatives and strategic legal advice. - [Arbitration](https://ellex.legal/service/arbitration/): We have one of the largest and most experienced dispute and arbitration teams in the Baltics with experience in solving extremely complex disputes and arbitration cases. While acting as a lead counsel in major disputes, Ellex team is also responsible for coordinating actions in related disputes pending in multiple jurisdictions. The unsurpassed international scale is evidenced by providing comprehensive legal representation for numerous Fortune 500 and Fortune Global 500 companies that operate in various industry sectors. - [Litigation](https://ellex.legal/service/litigation/): Our litigation team provides a full range of case law services that cover every aspect of client requirements and needs. Our client list includes both major foreign investors and local business entities. We have provided assistance with dispute resolution in its broadest sense, from out-of-court dispute resolution to advice on the enforcement of judgements. Our team of highly experienced experts focuses on the business interests of clients and works with each client to determine the most rational solution for every specific case. - [Mediation and ADR](https://ellex.legal/service/mediation-adr/): Mediation and other alternative dispute resolution (ADR) methods are becoming more and more commonly used for dispute resolution cases as this non-standard approach can lead to surprisingly successful results. It is one of the most significant recent developments in the dispute resolution area. - [Recognition and Enforcement of Judgments](https://ellex.legal/service/recognition-enforcement-judgments/): We regularly represent clients in precedent-setting recognition and enforcement cases of foreign court rulings and arbitral awards in the Baltic countries. The team has exceptional experience in representing foreign court-appointed receivers and trustees in respect of their activities pursuant to the recognised foreign court orders in Latvia, Lithuania, or Estonia. - [Corporate Crimes and Investigations](https://ellex.legal/service/corporate-crimes-investigations/): Our experts have extensive experience in defending, representing, and providing legal assistance to international and local companies and their management in issues related to corporate crimes and investigations, which include: economic and financial crime, online fraud and corruption, and the liability of top managers and legal entities (white-collar crime). - [Commercial and Transactional Disputes](https://ellex.legal/service/commercial-transactional-disputes/): Our experts combine commercial sector knowledge and technical expertise with the ability to craft innovative solutions in any transactional disputes that may occur. Our firm helps major foreign businesses to enter the Baltic market and collaborate with their local trading partners. This includes advice, starting from registration of their presence in the Baltics, until final court judgments and enforcement activities. - [Competition and State Aid Disputes](https://ellex.legal/service/competition-state-aid-disputes/): We have proven expertise and a track record in advising on landmark competition cases both at the Competition Council and in courts, both national and European, including pioneering a number of legal issues. Our experts advise on the abuse of a dominant position and prohibited agreements, investigations of competition authorities, disputes over antitrust damages, prevention of antitrust violations and concentration permits. - [Constitutional and Administrative Proceedings](https://ellex.legal/service/constitutional-administrative-proceedings/): Our strength and capacity in constitutional and administrative proceedings are built on combined exceptional experience and knowledge of experts in various fields who provide their input across a broad spectrum of cases, whether they are in the state and municipal institutions, or later in court and constitutional court. - [Construction and Real Estate Disputes](https://ellex.legal/service/construction-real-estate-disputes/): Our long-term experience in the most complex and challenging matters has resulted in Ellex being recognised as the largest and most specialized team of real estate professionals and litigators. Our experts specialize in real estate development, construction, and environment, as well as transactions, management, and disputes. - [Directors and Officers Liability](https://ellex.legal/service/directors-officers-liability/): Our team has vast experience advising shareholders and participating in investigations to evaluate the potential liability of company directors and officers. Our experts consult and provide thorough guidance to clients on the consequences arising from illegal activities performed by the top managers and potential liability of the company (civil or criminal) that can be triggered by illegal acts of the top managers. - [Energy Disputes](https://ellex.legal/service/energy-disputes/): Ellex experts represent clients before regulatory authorities, national and arbitration courts and are also able to offer advice on complex issues of energy law that have European or international dimensions. - [Foreign Investment Protection](https://ellex.legal/service/foreign-investment-protection/): We advise leading financial institutions and investment companies on the most significant financial transactions and cases, providing all necessary legal advice concerning the protection of investments. Our team is involved in a large volume of banking-related work, including commercial lending, syndicated loans, refinancing and portfolio restructuring. - [Insolvency and Restructuring](https://ellex.legal/service/insolvency-restructuring/): Our team has sound knowledge and vast experience in advising the best available options for when financial distress arises. The team advises on all aspects of financial and operational reorganization, liquidation, and insolvency matters, including representation in court and negotiations. - [Insurance Disputes](https://ellex.legal/service/insurance-disputes/): Our experience in the insurance sector covers all aspects of the insurance industry and statutory regulation. We have advised life and non-life insurance companies operating in the Baltics on matters related to legal frameworks, disputes, product development, investments, consumer rights, and insurance indemnities, as well as issues regarding distribution channels and insurance intermediation. Due to our firm’s extensive experience in major M&A transactions in the insurance sector on a pan-Baltic and national level, our experts in this sector have gained valuable knowledge relating to the acquisition of insurance companies. - [Intellectual Property Disputes](https://ellex.legal/service/intellectual-property-disputes/): Our team has in-depth knowledge in all major areas of IP and IT law, including a well-established trademark protection, enforcement and litigation practice, plus significant experience in patent litigation matters, a number of which are in the life sciences field. We also have extensive expertise in copyright, design, domain name, commercial secret and other IP matters and disputes. - [Labour and Employment](https://ellex.legal/service/labour-employment-law/): The Ellex employment practice is the longest successfully operating, most integrated and highly specialized employment law team in the Baltic market working with the largest national and international businesses and investors. Our team has vast experience not only in day-to-day employment law matters, but also on varied employment disputes in civil and administrative proceedings. We have advised clients on pan-Baltic level investigations, and disputes which require thorough knowledge of the national and international labour law. Our employment practice is well known for its ability to provide client-oriented assistance not only in court proceedings, but also in out-of-court negotiations and settlements. Our team has expertise in complex and large-scale employment matters which often are precedent setting, for example, in disputes related to non-compete and confidentiality restrictions, liability of employees, discrimination, and others. We often handle queries related to employment in specific areas, such as civil aviation, pharmaceuticals, manufacturing, IT, banking, transport, and energy, among others. Thus, we are ideally placed to advise, guide, and represent clients domestically and internationally. - [Professional Liability](https://ellex.legal/service/professional-liability/): An excellent understanding of our clients’ business and procedural aspects leads to the best solutions for clients and new landmark cases in our jurisdictions. Our experts have the courage to pioneer various issues related to professional liability disputes. The firm has the capacity and expertise to handle complex and large-scale dispute resolution matters, and particularly the ability to handle several such matters simultaneously. - [Public Procurement and PPP Disputes](https://ellex.legal/service/public-procurement-ppp-disputes/): We advise on all aspects of public procurement procedures: procurement consultancy and complex strategic projects, pre-procurement, contracting and resolving disputes. Our team consults on PPP project tenders and implementation issues and represents clients in litigation proceedings. - [Shareholder Conflicts](https://ellex.legal/service/shareholder-conflicts/): We provide a full spectrum of services when shareholder clients face internal conflicts or disputes based on the share sales agreements or experience hostile takeovers. Our team has the capacity and expertise to handle complex and large-scale disputes and form specialized teams tailored to the specific case. Our experts participate and lead settlement negotiations and represent clients as shareholders in court and arbitration in the Baltics and abroad in cooperation with lawyers of foreign jurisdictions. - [Tax Disputes](https://ellex.legal/service/tax-disputes/): We offer a full suite of tax advisory services: tax and customs issues, international tax and transfer pricing, tax structuring, tax reviews and tax disputes. Our clients include banks, financial institutions, venture capital funds and fintech companies. - [Banking & Financial Services](https://ellex.legal/service/banking-finance/): Our team helps financial institutions and investment companies navigate regulatory complexities. Our lawyers have long-standing relationships with financial services regulators and are experienced in helping you to deliver financial services efficiently and cost-effectively in a compliant manner. We draw on our extensive industry knowledge and regulatory expertise to deliver result-oriented and compliant solutions for a range of financial institutions, including banks, insurance companies, electronic money institutions, payments companies, securities firms and asset managers. - [Competition and State Aid](https://ellex.legal/service/competition-state-aid/): We have the largest and most experienced antitrust/competition/state aid team in the Baltics. Our law experts provide both conventional and innovative legal solutions for you on a full range of competition, state aid and EU law issues in Estonia, Latvia and Lithuania, and at an EU level. - [Consumer & Retail](https://ellex.legal/service/retail-consumer-law/): Ellex represents domestic and international businesses in a wide array of legal matters related to the consumer products and retail industry. We have the largest specialized team with the most experience and best track record in the Baltics. Our experts are ready to adapt their expertise and offer assistance ranging from strategic planning of transactions to negotiation and implementation of contracts and contract management. We have also forged strong links with the regulatory authorities, which prove to be an indisputable advantage for our clients. - [Data Protection, Cybersecurity and IT Law](https://ellex.legal/service/data-protection-cybersecurity-it-law/): Our cybersecurity and data protection team is a highly valued partner. With a practical and solution-oriented approach, we help find the best business solutions at every stage of the data lifecycle. Primarily, we assist in assessing and mitigating data protection and security risks, and in meeting the legal requirements for data processing and risk management. - [Energy & Infrastructure](https://ellex.legal/service/energy-infrastructure/): We have significant expertise in advising clients on a broad range of issues in all energy sectors, including electricity, renewables, nuclear, gas, oil and heating. Our consistent involvement in major regional energy projects and initiatives has given our team thorough knowledge, expertise, and competences. This enables us to assist the world’s major transnational and top national companies in complex and innovative transactions. - [Environment](https://ellex.legal/service/environment/): Our lawyers have many years of experience and unique expertise in the field of environmental law. We have been involved in the preparation of dozens of environmental laws and regulations, as well as regulatory-based studies and projects concerning the implementation of EU environmental legislation. - [FinTech](https://ellex.legal/service/fintech/): The digital revolution has been driving the growth of the Financial Technology (FinTech) sector within the traditional financial system. Since emergence of fintech as a separate area of practice we have been on the forefront of the tailored expert advice, recognized as market leaders and deploying specialized teams. We advise financial service providers, including payment and e-money institutions, crowdfunding platforms, neo banks and others providing financial services through innovative technological solutions. We also provide advice to technological companies providing FinTech solutions to orientate in the regulatory regime. - [Food, Beverages & Cosmetics](https://ellex.legal/service/food-beverages-cosmetics/): Our team has more than 28 years of experience in advising clients on various food, beverages and cosmetics matters. Specifically, we advise our clients on the regulatory environment and legal requirements for food, beverages and cosmetics products and on the enterprises engaged in this field. Our firm evaluates marketing and advertising compliance and provides legally and commercially grounded advice on possible risk mitigation. We review food, beverage and cosmetics product labels, and represent clients in state institutions and courts. - [General Commercial & Compliance](https://ellex.legal/service/general-commercial-compliance/): We have extensive experience across all areas of commercial contracts. Our lawyers combine sector and technical expertise with the ability to craft innovative contractual solutions. Our professionals are ranked among the best specialists in the field and are regularly invited to take part in legislative work groups. - [Intellectual Property Law](https://ellex.legal/service/intellectual-property-law/): Our team has strong intellectual property law expertise in advising top-flight clients from various industry sectors, starting from IT companies and entertainment (media and gaming) content providers to new market players/start-ups, more traditional producers, and retailers of consumer products as well as service providers. - [Life Sciences](https://ellex.legal/service/life-sciences/): We help life sciences clients decide how to best face the legal challenges in developing and commercializing products, delivering services, and capitalizing on scientific breakthroughs and business opportunities in the Baltics. - [Planning & Zoning, Land Use](https://ellex.legal/service/planning-zoning-land-use/): We take our clients through every legal stage of real estate construction and development projects — from structuring, documenting and negotiating joint ventures, to obtaining permits and approvals compliant with local land use, public law, and environmental regulations. Our experts provide advice on planning and matters of regulatory processes related to a wide range of development types. - [Public Procurement and PPP](https://ellex.legal/service/public-procurement-ppp/): Our experts work regularly on international teams composed of foreign lawyers and market consultants, thus keeping up with international practices for structuring public projects. We are also excellent litigators with a special focus on public procurement — a factor that distinguishes us from general practice litigators. - [Tax Advisory](https://ellex.legal/service/tax-advisory/): Our team offers practical business tax advice to help clients navigate even the most complex of tax issues. We take a long-term approach and help you to incorporate tax efficiency into your business strategy so you can control costs and make savings. We help you minimize your tax exposure and risks presented by ever-evolving and increasingly complex legislation. - [Technologies, Media and Telecommunications](https://ellex.legal/service/media-communication-law/): Our legal team gained TMT market leadership through a sustainable business management strategy. The key elements of our competitiveness in international markets while striving for the most innovative, the largest and most complex projects are our highly qualified and experienced professional team of lawyers and the most complete industry and legal specialisation. - [Customs & Trade](https://ellex.legal/service/customs-trade/): In today’s highly regulated environment, businesses must comply with trade and customs laws. You need a partner who specializes in this arena and possesses a deep knowledge of how regulatory requirements impact your goods now and in the future. - [Transport & Aviation](https://ellex.legal/service/transport-aviation/): Our team has extensive experience representing clients in the most complex civil, administrative and arbitral proceedings in transport and aviation law, which requires industry-specific knowledge and a business-driven approach. ## Industries - [Agribusiness & Food](https://ellex.legal/industry/agribusiness-food-safety/): Our team responds to the growing demands of the food and agribusiness industry, including increasingly complex regulatory requirements. We provide clients with complete legal coverage of the sector. Our client portfolio includes the full spectrum of industry players, including companies involved in agribusiness and food production, food safety, processing and distribution, agrichemicals manufacturers, processors of agricultural commodities, manufacturers of precision farming equipment, alternative fuel producers, soft commodities traders and financial institutions. - [Automotive](https://ellex.legal/industry/automotive/): Our team is ready to provide a unique perspective on a range of challenges emerging in the automotive industry. We assist with any issues regarding compliance with complex safety regulations, dealer disputes, concerns over environmental impact, intellectual property disputes and licensing arrangements, as well as privacy rights. Clients are provided with comprehensive and top-quality legal advice to meet their most pressing needs. - [Banks & Financial Institutions](https://ellex.legal/industry/banks-financial-institutions/): Our law firm`s clients are leading financial institutions and investment companies who we advise on the most significant financial transactions. We enjoy a heavy volume of banking-related work, including commercial lending, syndicated loans, refinancing and portfolio restructuring. Our experts assist clients seeking to operate on a cross-border basis to comply with EU passporting and general good provisions. - [Consumer & Retail](https://ellex.legal/industry/consumer-retail-2/): We advise many of the leading companies in the consumer and retail sector on a variety of legal issues, including corporate M&A, commercial and real estate, corporate reorganizations, competition issues, tax and IP. We support our clients in all key areas of their business, from strategic growth and divestments to international brand management, commercial relationships and regulatory compliance. - [Defence & Space](https://ellex.legal/industry/defence-space/): Our team of experts has extensive experience in the defence sector and provides legal expertise to reach the best solution based on a client's business goals and requirements. The aerospace and defence industry faces a number of growing challenges, which is forcing aerospace and defence services companies to take decisive steps. - [Energy & Utilities](https://ellex.legal/industry/energy-utilities/): Our team provides you detailed energy-related advice. Our consistent involvement in major regional energy projects and initiatives has given our experts thorough knowledge, expertise, and competences. The experience covers complex local and cross-border energy projects, including projects involving multimillion-euro power plants, the largest windmill parks, a nuclear power plant, oil shale operations in the U.S. and Jordan, and others. - [Healthcare & Pharma](https://ellex.legal/industry/medical-law/): Our client portfolio includes a wide range of companies in the life sciences sector, including the fields of pharmaceuticals, medical devices, biotech, nanotech and other areas based on medical law. We help build and protect healthcare and life sciences companies using our extensive background in regulatory, intellectual property, licensing, litigation, product liability, unfair competition, trade secrets, antitrust, mergers and acquisition, tax and other matters. - [Industrials](https://ellex.legal/industry/industrials/): Our team has a deep knowledge of legal areas critical to success in this sector. In today's market, many manufacturers operate within the constraints of a complex framework of national and international regulations that challenges their efforts to achieve business goals. - [Infrastructure & Transport](https://ellex.legal/industry/infrastructure-transport/): Our experts have advised on the development of ports, terminals, the Estonian-Finnish underwater cable and other initiatives of national importance. We have led a number of groundbreaking cases in the fields of aviation, shipping, railway and road transport, working with both private and public clients. - [Insurance](https://ellex.legal/industry/insurance/): Our experience in the insurance sector covers all aspects of the insurance industry and statutory regulation. We have advised life and non-life insurance companies operating in the Baltics on matters related to legal frameworks, product development, investments, consumer rights, and insurance indemnities, as well as issues regarding distribution channels and insurance intermediation. - [Leisure, Entertainment & Sports](https://ellex.legal/industry/leisure-entertainment-sports/): With long-standing and multifaceted expertise in media, advertising and entertainment issues, we advise on matters of broadcasting licenses and license applications, protection of TV formats, legal audits of consumer campaigns and direct marketing campaigns. We also help our clients with the assessment of advertisements to check compliance with regulatory requirements. Our client portfolio includes major international and local companies. - [Real Estate & Construction](https://ellex.legal/industry/real-estate-construction/): Our team of lawyers has developed a deep understanding of the commercial requirements of owners and contractors during two decades of experience in handling various aspects of the real estate and construction sectors. Working collaboratively and across borders, we help ensure the planning and execution of precise solutions in even the most complex projects. Our clients are leading local and international property owners and developers, construction companies, investors, and public sector institutions. - [Telecoms](https://ellex.legal/industry/telecoms/): The telecoms industry remains fiercely competitive. Businesses are often faced with high research and development costs and may require external investment for product development. We support their growth by providing advice on a full range of issues, including commercial/transactional, regulatory, corporate/M&A, finance, competition, intellectual property, dispute resolution, real estate and tax matters. - [Technology](https://ellex.legal/industry/technology/): Our legal team of experts advises state and international corporate customers on a range of technology projects and technology-related issues. We offer you our unparalleled cross-border depth of legal and regulatory knowledge and experience across a broad spectrum of cross-sector technology areas, such as fintech, AI, blockchain, digital health, e-commerce and electric and autonomous vehicles. We draw on our strengths across different practice areas to ensure that our clients receive commercially innovative and technically strong advice. ## Posts - [A&O Shearman´s <strong>Restructuring Across Borders:</strong> Estonia chapter](https://ellex.legal/ao-shearmans-restructuring-across-borders-estonia-chapter/): The publication serves as a practical reference for cross-border transactions and restructurings, covering topics such as available restructuring procedures, insolvency processes, creditor rights and enforcement considerations across participating jurisdictions. - [Vilija Vaitkutė Pavan elected to the <strong>ArbitralWomen</strong> Board of Directors](https://ellex.legal/vilija-vaitkute-pavan-elected-to-the-arbitralwomen/): ArbitralWomen is the leading international network for women professionals in alternative dispute resolution, bringing together more than 1,000 members from over 40 countries. Since 1993, this non-governmental organisation has been dedicated to promoting women practitioners, advancing diversity, and strengthening the global dispute resolution community. - [Liga Merwin Invited as <strong>Amicus Curiae</strong> in Landmark Constitutional Court Case](https://ellex.legal/ellex-in-latvia-managing-partner-liga-merwin-invited-as-amicus-curiae-in-landmark-constitutional-court-case/): The Constitutional Court decided to refer questions to the Court of Justice of the European Union – a decision that reflects the complexity and European significance of the legal issues at stake and which closely follows the analysis Liga presented in her amicus curiae opinion. - [<strong>A&O Shearman’s Restructuring across borders 2026 guide:</strong> chapter on Lithuania](https://ellex.legal/restructuring-guide-chapter-on-lithuania/): The Lithuania chapter outlines the restructuring and insolvency solutions available to companies under the Law on Insolvency of Legal Entities, together with the Civil Code and the Law on Companies. The insolvency and restructuring solutions available for the companies in Lithuania mainly cover: - [Public Procurement Reform: <strong>A Significant Turning Point in the Development of the System</strong>](https://ellex.legal/public-procurement-reform-a-significant-turning-point-in-the-development-of-the-system/): The adopted amendments represent one of the most significant revisions of the public procurement regulatory framework in recent years. Their objective is to improve the public procurement system by making it more efficient, transparent, and flexible, while reducing administrative burdens and strengthening fair competition. The amendments seek to modernise procurement procedures by promoting a results-oriented approach, ensuring transparency and equal treatment of market participants, and facilitating a more efficient and effective use of public funds. The amendments are expected to enter into force gradually by 2028. - [A&O Shearman <strong>Restructuring Across Borders</strong> Guide 2026](https://ellex.legal/ao-shearman-restructuring-across-borders-guide-2026/): The Latvia chapter outlines the key aspects of the country's restructuring and insolvency regime, including: - [<strong>WTR Global Leaders 2026:</strong> Ellex experts recognised among the world’s leading trademark practitioners](https://ellex.legal/wtr-global-leaders-ellex-among-the-worlds-leading-practitioners/): Published in its eighth edition, WTR Global Leaders brings together leading trademark practitioners from private practice and in-house teams worldwide. The guide draws on World Trademark Review’s research, including the WTR 1000 and WTR 300, to identify individuals considered among the “best of the best” in global trademark practice. - [Ellex Lithuania contributed to the <strong>IBA guide on therapeutic products</strong>](https://ellex.legal/ellex-lithuania-contributed-to-the-iba-guide/): It provides an overview of the regulatory framework and the competent authorities, covering product classification, licensing and authorisation requirements for wholesale and retail distribution, import and export controls, labelling, serialisation and anti-counterfeiting requirements, pricing and reimbursement rules, enforcement powers and sanctions, as well as recent legal developments and market trends. - [Ellex Lithuania recognised at the <strong>IFLR Europe Awards</strong>](https://ellex.legal/ellex-lithuania-at-the-iflr-europe-awards/): The IFLR Europe Awards recognise the most innovative cross-border transactions in financial and corporate law, as well as law firms, practice groups, and individual lawyers across Europe. IFLR Deal of the Year awards are granted based on legal innovation, the complexity of transaction structures, their impact on market practice, and the ability to address complex regulatory or cross-border issues. The IFLR Europe Awards have now been held for the 28th time. - [Ellex Lithuania grants €34,000 <strong>in support to the Vilnius University Law Clinic</strong>](https://ellex.legal/ellex-lithuania-grants-support-to-the-vilnius-university-law-clinic/): The Vilnius University Law Clinic, a public non-profit institution, was founded in 1998 by Ellex in Lithuania, Vilnius University, and the Vilnius University Students’ Representation. - [Ellex Lithuania becomes a member of the <strong>Lithuanian defence and security industry association</strong>](https://ellex.legal/ellex-lithuania-becomes-a-member-of-the-lithuanian-defence-and-security-industry-association/): “Today, national security issues are inseparable from business, technology, and the legal environment. By becoming a member of the Association, we aim to contribute to the sustainable development of a sector that is evolving at an exceptional pace, as well as to the creation and implementation of new innovative solutions. By sharing our legal expertise with members of the defence and security sector, we can work together to strengthen the resilience and security of our state,” comments Paulius Gruodis, Partner at Ellex Lithuania. - [Amendments to the <strong>NILLTPFNL Law</strong> – What Changes Are Being Introduced Regarding Beneficial Owners in 2026?](https://ellex.legal/amendments-to-the-nilltpfnl-law-what-changes-are-being-introduced-regarding-beneficial-owners-in-2026/): On April 1, the most extensive set of changes affecting all entities subject to the NILLTPFN came into force. The most significant changes include a new mandatory beneficial owner (UBO) data element, “scope of control,” and a mechanism to restrict public access to UBO data for security reasons. Starting from July 1, the Register of Enterprises (the Register) will record all UBO nationalities, if there are multiple. Below is a detailed overview of the changes. - [The latest <strong>legislative changes</strong> and <strong>developments</strong> in case law](https://ellex.legal/legislative-developments/): On 1 March this year, amendments to the Whistleblowing Act entered into force. The amendments are primarily aimed at addressing practical deficiencies identified three years after the Act came into force. - [Latvian artists invited to <strong>apply for the 2026 Vija Celmins Foundation</strong> Visual Arts Grant](https://ellex.legal/latvian-artists-invited-to-apply-for-the-2026-vija-celmins-foundation-visual-arts-grant/): In cooperation with the Latvian National Museum of Art, a grant of USD 30,000 will be awarded to one Latvian artist or artist collective. The grant aims to support the creative process, encourage the development of new ideas, and contribute to long-term professional growth. - [<strong>Baltic Fintech Days</strong> highlights a more competitive regional fintech landscape](https://ellex.legal/baltic-fintech-days-competitive-fintech-landscape/): According to Kevin Gerretz, Head of Financial Regulation at Ellex in Estonia, the Baltic fintech story remains a compelling one. At the same time, the internal balance within the region is evolving. - [From growth to governance: insights from <strong>FinCrime 2026</strong>](https://ellex.legal/cross-border-aml-risks-fincrime-2026/): The panel brought together Matis Mäeker, Head of the Estonian Financial Intelligence Unit; Uldis Upenieks, Co-Chair of the ACAMS Baltic Chapter and AFC industry leader; and Kaarel Kuddu, AML/KYC Product Director at Wise, offering perspectives from supervision, industry and financial institutions. - [<strong>Mergermarket</strong> and <strong>LSEG Q1 2026:</strong> Ellex leads the CEE rankings by deal count](https://ellex.legal/mergermarket-lseg-q1-2026-ellex-leads-by-deal-count/): Mergermarket is a leading business intelligence and news service specializing in forward-looking mergers and acquisitions (M&A) intelligence, predictive analytics, and corporate data. Mergermarket's Global and Regional M&A Rankings 1Q26 are available for download here. - [Ellex contributed to <strong>Foreign direct investment reviews 2026</strong>](https://ellex.legal/ellex-contributed-to-foreign-direct-investment-reviews/): Under Lithuanian law, foreign direct investments (FDI) that may affect national security – particularly in key sectors such as energy, transport, IT, finance and defence, as well as in strategic companies and infrastructure – are subject to a screening process. Approval is required prior to completing a transaction, and non-compliance may result in the investment being declared invalid or in the loss of shareholder rights. - [<STRONG>Ellex arbitration team</strong> retains its place in the GAR 100](https://ellex.legal/ellex-arbitration-team-among-the-best/): The Ellex arbitration team is one of the largest in the Baltic region and among the most experienced in handling complex commercial and investment arbitration cases. The team consists of 23 experts with extensive experience in representing investment disputes, as well as acting for clients in various commercial arbitration proceedings before major international arbitral institutions. - [<strong>Rūta Karpičiūtė wins</strong> Lexology Index Client Choice award 2026 in healthcare & life sciences](https://ellex.legal/ruta-karpiciute-lexology-index-client-choice/): This recognition reflects her long-standing commitment to delivering outstanding client service. Rūta has been consistently recognised by Lexology Index (formerly Who’s Who Legal) for nearly two decades, since 2007. - [<strong>Above the horizon</strong>: Legal 500 EMEA 2026 results](https://ellex.legal/above-the-horizon-legal-500-emea-2026-results/): For over three decades, The Legal 500 has been analysing the capabilities of law firms worldwide, with a comprehensive research programme that is updated annually to provide the most current and in-depth view of the global legal landscape. The directory assesses the strengths of law firms in more than 150 jurisdictions. - [<strong>Chambers Europe 2026:</strong> 65 Ellex professionals were ranked across 8 practice areas](https://ellex.legal/chambers-europe-2026/): Chambers & Partners has published the Chambers Europe Guide 2026, once again recognising Ellex as one of the leading law firms across the Baltics. The latest results highlight our focus on delivering strategic and client-focused legal solutions and reflects the high level of trust our clients place in our pan-Baltic team. - [<strong>Robertas Čiočys ranked #3 </strong> in the MergerLinks Top FinTech Lawyers rankings](https://ellex.legal/robertas-ciocys-ranked-3/): Published by MergerLinks, the rankings highlight leading dealmakers across the region based on the value and volume of transactions they have advised on. - [<strong>Kevin Gerretz</strong> leads Ellex’s financial regulatory practice](https://ellex.legal/kevin-gerretz-leads-financial-regulatory-practice/): Extensive experience across the financial regulatory landscape - [Ellex-advised deals shortlisted for <strong>CEELM DOTY Awards</strong>](https://ellex.legal/ellex-deals-shortlisted-for-ceelm-doty-awards/): The shortlisted Ellex-advised deals in the Baltics: - [<strong>Siim Vahtrus:</strong> Head of environment and planning](https://ellex.legal/siim-vahtrus-head-of-environment-and-planning/): Siim has been a key member of our regulatory group since November 2025. Stepping into a leadership role is a natural next step in a field where decisions are both business‑critical and of broad public significance. His strengths lie in clear argumentation, strategic thinking and the ability to stay several steps ahead – giving clients confidence that every matter will reach a solid, well‑grounded outcome. - [Ellex <strong>Baltic Fintech Legal Outlook</strong> 2026](https://ellex.legal/ellex-baltic-fintech-legal-outlook-2026/): About Ellex - [Clients Recognise Ellex Lawyers in <strong>Thomson Reuters Stand-out Lawyers Research</strong>](https://ellex.legal/clients-recognise-ellex-lawyers-in-thomson-reuters-stand-out-lawyers-research/): Following these nominations, both lawyers have been included in the Thomson Reuters Stand-out Lawyers database, a global resource used by corporate legal departments to identify trusted, peer-recommended legal advisers. - [<strong>Victory</strong> in Employment Law Dispute ](https://ellex.legal/victory-in-employment-law-dispute/): The employee, a senior-level manager, challenged the liquidation of his position during a corporate reorganisation and sought reinstatement, compensation for average earnings, and moral damages. During the proceedings, several witnesses were heard, and the reorganisation process - both within the company and at the wider group level - underwent extensive examination. - [Chambers Global 2026: Ellex strengthens its position as a <strong>leading Baltic law firm</strong>](https://ellex.legal/chambers-global-2026-ellex-strengthens-its-position-as-a-leading-baltic-law-firm/): The 2026 results reflect the strength of Ellex as one integrated Baltic team, combining top-tier department rankings with broad individual recognition across Estonia, Latvia and Lithuania. - [<strong>€700,000 Released</strong> – Client Wins in Court](https://ellex.legal/e700000-released-client-wins-in-court/): This is yet another victory for our client in this category of cases. Senior Counsel Roberts Rimša successfully represented the client in both court instances. - [<strong>WTR 1000</strong> highlights Ellex’s IP teams across the Baltics](https://ellex.legal/wtr-1000-highlights-ellex-ip-teams-across-the-baltics/): In Latvia, the guide underlines Ellex’s strong litigation capabilities. With nearly three decades of experience, Mārtiņš Gailis is noted for his confident handling of high-profile disputes and clear strategic direction. Edvijs Zandars, recognised for his work at the intersection of IP and IT, is valued for shaping precise strategies in technically complex infringement matters. - [<strong>Dispute Resolution</strong> practice news 2025 | Q4](https://ellex.legal/dispute-resolution-practice-news-2025-q4/): Author: Anete Bože, Senior Associate - [<strong>In 2025 the transaction market in Estonia</strong> grew by 18.5% – the largest deals reached record levels](https://ellex.legal/2025-the-transaction-market-in-estonia-ellex/): According to Ellex Partner Risto Vahimets, the macroeconomic environment is supporting further revitalisation of transaction activity. “Banks are ready to provide financing, interest rates remain at reasonable levels, and pressure to conclude deals has increased both due to accumulated capital and because many companies have long been held by funds,” Vahimets noted. At the same time, he emphasised that geopolitical uncertainty continues to remain a significant risk factor. “In the coming year, we expect a focus on technology, above all on artificial intelligence, healthcare and energy technologies. Private equity and financial investors will gradually begin to return to the market, but the direction of the market will most likely continue to be shaped by strategic buyers.”   - [Experienced M&A experts <strong>Ott Aava and Kerli Salu</strong> join Ellex Estonian office](https://ellex.legal/ma-experts-ott-aava-and-kerli-salu-join-ellex-estonia/): Ott Aava is specialising in M&A and corporate advisory, with over 15 years of experience advising clients on complex domestic and cross-border transactions. He focuses primarily on mergers and acquisitions, strategic corporate advisory, restructurings and shareholder matters, supporting clients throughout the entire transaction lifecycle from initial structuring to successful closing. - [Ellex in Latvia <strong>strengthens its management team with a new Partner</strong>](https://ellex.legal/ellex-in-latvia-strengthens-its-management-team-with-a-new-partner/): "Marta's appointment reflects her exceptional track record and the trust our clients place in her. Her many years of experience in banking and finance, combined with her strategic vision for our firm, make her an invaluable addition to our partnership. I'm excited to see her continued leadership as we strengthen our position across the Baltics." – Liga Merwin, Managing Partner at Ellex in Latvia. - [Ellex in Estonia appoints <strong>Mari Must</strong> as practice head of intellectual property](https://ellex.legal/mari-must-as-head-of-intellectual-property/): Read more about our intellectual property practice group HERE. - [<strong>Ronaldas Kubilius</strong> joins the Lithuanian office as <strong>partner</strong>](https://ellex.legal/kubilius-joins-lithuanian-office/): “We are strengthening our Tax Practice Group – at the end of last year, tax law expert Alina Gaudutytė joined the team, and as of this year we are welcoming a new partner who will also be responsible for the development of sustainability services. Ronaldas brings an exceptional combination of competencies – he has deep expertise in both tax matters and sustainability requirements. Both areas are particularly relevant for businesses today, as the regulatory environment and sustainability reporting standards are changing rapidly,” says Rolandas Valiūnas, Managing Partner of Ellex in Lithuania. - [ILTE issues the <strong>first green bonds</strong> in the Baltics with the <strong>highest credit rating</strong>](https://ellex.legal/ilte-issues-green-bonds/): “This was a complex transaction that required exceptional attention, a strong focus on results, and flexible solutions to overcome emerging challenges from all parties involved. The achieved outcome is truly gratifying,” says E. Neverbickienė. - [<strong>Expanding career opportunities</strong> in our Estonian office](https://ellex.legal/expanding-career-opportunities-in-our-estonian-office/): The legal profession never stands still, and neither do we. Developments in the legal market, evolving client expectations, and a changing economic and social environment require law firms to adapt over time. At Ellex Estonian office, a new generation of talented lawyers is emerging – professionals we believe will write the next chapters of Estonia’s legal history. Over the past year, we have reviewed and updated both career model and the principles governing our partnership. - [<strong>Christmas Labour Act</strong> Notes in Good Cheer](https://ellex.legal/christmas-labour-act-notes-in-good-cheer/): Corporate Events and Holiday Parties - [Ellex received highest ranking in <strong>Benchmark Litigation Europe 2025</strong>](https://ellex.legal/ellex-top-ranked-in-benchmark-litigation-europe-2025/): Meet the whole Ellex litigation and arbitration team. - [FinTech leader, year after year: <strong>Ellex Band 1 in 2026</strong>](https://ellex.legal/fintech-leader-year-after-year-ellex-band-1-in-2026/): Client feedback this year emphasizes three recurring themes – practicality, longstanding experience, and a deep understanding of clients’ business models. As one of our clients put it: “There are quite a lot of firms offering FinTech legal services, but not many of them have Ellex’s track record in real executions and experience with regulators and different market participants.” - [Ellex: Law firm of the Year 2026 by <strong>Lexology Index</strong>](https://ellex.legal/ellex-arbitration-expertise-highlighted-in-latest-lexology-index/): This year’s Lexology Arbitration Index includes more than 3,000 leading arbitration practitioners from 96 jurisdictions, with rankings based on peer feedback, client recommendations, and research submissions. The publication also introduces a new “Highly Recommended” category, recognising top specialists positioned between the Thought Leaders and Recommended tiers. “Client Choice” category is awarded to less than 90 individuals around the globe, solely based on the input from clients. - [Ellex in Lithuania moves to new office <strong>“Jasinskio 2”</strong>](https://ellex.legal/ellex-valiunas-law-firm-moves-to-jasinskio-2/): The “Jasinskio 2” project was developed by Aurochs Investments, a company related to the EIKA Group, while construction management was overseen by the real estate project management company EIKA Development. The investment in the project amounted to approximately EUR 34 million. The six-storey business centre includes 7,700 sq. m of leasable area and a two-level underground car park equipped with storage for bicycles and scooters, showers, changing rooms, as well as electric vehicle charging stations. - [<strong>Financial innovation 2025:</strong> today’s decisions shaping tomorrow’s financial landscape](https://ellex.legal/financial-innovation-decisions-shaping-tomorrow/): Among the planned changes, the central focus has been on the cybersecurity reform known as DORA, with its new requirements taking effect at the beginning of 2025. With that the EU aimed to ensure that the European financial sector operates under robust rules to prevent data breaches and cyberattacks. The framework introduces obligations for risk assessment, testing, and continuous monitoring, as well as specific regulations governing the use of third-party IT service providers. If the reform is successful, Europe could emerge as a significantly safer environment for financial services compared to the US and Asia, contributing to broader security in light of current geopolitical trends. - [Ellex received the first <strong>information security recognition</strong> from the Estonian Bar Association](https://ellex.legal/ellex-received-information-security-recognition/): Growing cyber threats and tightening regulations require companies and institutions to pay increasingly thorough attention to information security. Ensuring information security is resource-intensive and requires consistent effort. As a result of a two-year process, the Estonian Bar Association obtained an international information security standard certificate this year, and from autumn 2025, the Bar Association will begin issuing information security recognitions to member firms, recognising those that have fully implemented the measures described in the Bar Association's guidelines. - [Ellex recognized in<strong> IFLR1000</strong> Central & Eastern Europe 2025 rankings](https://ellex.legal/ellex-recognized-in-iflr1000-central-eastern-europe-2025-rankings/): The IFLR1000 is one of the world’s leading guides to the top financial and corporate law firms and lawyers. The results are based on client feedback, peer review, and evidence of complex and high-value transactional work. - [<strong>Siim Vahtrus</strong> joined Ellex as counsel in the regulatory practice group](https://ellex.legal/siim-vahtrus-joined-ellex-as-counsel/): He brings extensive experience in advising both private and public sector clients, including state authorities and NGOs. He’s worked on projects ranging from commercial real estate to high-voltage transmission lines, from the transposition of EU legal acts to disputes on environmental permits. - [<strong>SBA Urban</strong> successfully completed a EUR 8 million bond issue](https://ellex.legal/sba-urban-successfully-completed-a-eur-8-million-bond-issue/): This transaction marks another important step for SBA Urban in leveraging the capital markets to finance long-term growth and demonstrates the growing maturity of the Lithuanian investment environment.  - [RATO Credit Union becomes <strong>RATO Bank</strong>](https://ellex.legal/rato-credit-union-becomes-rato-bank/): This marks an important step in RATO’s transformation – from a long-established credit union into a modern specialised bank. With almost three decades of experience, RATO has built a strong foundation through continuous innovation, digitalisation, and strategic partnerships, including cooperation with the European Investment Fund.  - [Legal insights at the traditional <strong>“Newsec” event</strong>: Lithuania opens the way for strategic investments](https://ellex.legal/legal-insights-at-the-traditional-newsec-event-lithuania-opens-the-way-for-strategic-investments/): We thank “Newsec“ team for their invitation and partnership in organising a constructive event. - [<strong>Supporting</strong> artistic freedom and creative excellence in Latvia](https://ellex.legal/supporting-artistic-freedom-and-creative-excellence-in-latvia/): The grant, established by the world-renowned Latvian-born American artist Vija Celmins in collaboration with the Latvian National Museum of Art and Ellex in Latvia, is awarded annually to one Latvian artist or artist collective with a prize of USD 30,000. Its purpose is to provide substantial support for creative work and to promote art patronage in Latvia, enabling artists to work freely and develop their unique artistic vision. - [Ellex recognised with four awards at the first <strong>Legal 500 Central & Eastern Europe Awards</strong>](https://ellex.legal/ellex-recognised-with-four-awards-at-the-first-legal-500-central-eastern-europe-awards/): Associate Partner Rūta Jasilionė, representing Ellex, attended the ceremony and accepted the awards on behalf of the Baltic offices.  - [TMF Group acquired UAB Nordgain](https://ellex.legal/tmf-group-acquired-uab-nordgain/): TMF Group, a Dutch multinational professional services firm providing accounting, tax, HR administration, and global payroll services, has acquired 100% of the shares in UAB Nordgain.  - [New Investment Regulation: A Breakthrough for Business and the Defense Industry in Lithuania](https://ellex.legal/new-investment-regulation-a-breakthrough-for-business-and-the-defense-industry-in-lithuania/): Starting November 1, Lithuania will implement legal reforms that fundamentally change the way investment projects are carried out. Until now, more favorable conditions were reserved only for large-scale projects deemed essential for national security and defense. Such projects – like the planned 155 mm artillery ammunition factory by the German defense industry giant Rheinmetall – were able to launch construction without a building permit. - [Ellex Partner <strong>Anton Sigal</strong> receives “Diamond of the Bar 2025” award](https://ellex.legal/anton-sigal-receives-diamond-of-the-bar-2025-award/): The "Diamond of the Bar" represents the highest recognition within the Estonian legal profession, awarded annually to up to three attorneys. This honor celebrates the core values of legal practice – professionalism, ethics, dedication, and humanity – recognizing individuals who embody these principles and whose work has made a meaningful impact both professionally and in society. - [<strong>Toomas Vaher:</strong> Baltics Litigator of the Year](https://ellex.legal/toomas-vaher-baltics-litigator-of-the-year/): This distinction not only acknowledges Toomas' exceptional expertise developed over more than two decades but also highlights the commitment of our disputes team throughout the Baltics. - [Autumn News in the Field of <strong> Labour Law </strong>](https://ellex.legal/autumn-news-in-the-field-of-labour-law/): According to information from the Ministry of Welfare, a new law will be drafted this autumn to outline the obligations employers must meet to comply with the directive’s requirements. Although the draft legislation is still pending, employers are encouraged to begin preparations early, as the directive’s principles will be incorporated into national law. Specifically, the directive requires employers to: - [<strong>EU Payments Legislation</strong> in transition: where PSD3 and PSR stand now](https://ellex.legal/eu-payments-legislation-in-transition-psd3-psr/): Following the European Parliament’s adoption of its position in April 2024, many market participants expected the final texts of PSD3 and PSR to be published in early 2025. However, negotiations within the European Council proved more time-consuming than anticipated, with its position only being formally agreed in June 2025, more than a year after the Parliament’s adoption of its position. - [<strong>Ellex</strong> shaping the Baltic legal market](https://ellex.legal/ellex-shaping-the-baltic-legal-market/): In Lithuania, Ellex stood out particularly strongly across individual legal practice areas – in some cases, scoring almost twice as high as other firms. When the overall legal competence scores were aggregated across all practices, Ellex ranked more than 24% ahead of the next closest firm. - [World Services Group: <strong> European Employment & Labor Law: </strong> An ESG Perspective](https://ellex.legal/world-services-group-european-employment-labor-law-an-esg-perspective/): As businesses face growing pressure to adopt sustainable and ethical practices, the report highlights ESG’s role in influencing workforce strategies and corporate responsibility. Employers are expected not only to comply with evolving legal requirements, but also to develop forward-looking policies addressing sustainability, social responsibility, diversity and inclusion, fair pay, and human rights across operations and supply chains. - [Next chapter in the Ellex story: <strong>new Managing Partner Martin Mäesalu</strong>](https://ellex.legal/new-managing-partner-martin-maesalu/): The leadership transition took place at our annual opening of the legal year, where Ants handed over the responsibility with the following words: "When I became Managing Partner, I set myself goal to make our firm more professional and drive its growth. Looking back, the past decade has truly been a time of transformation – we have built Ellex into an alliance that unites the leading law firms in Estonia, Latvia, and Lithuania, establishing ourselves as the benchmark for high-quality legal services across the region. We also joined with the Primus team in Estonia, which further strengthened our capabilities. Over the last ten years, the firm´s revenue has nearly tripled, reflecting both the trust of our clients and the dedication of our team. I believe that that the firm and its team are in good hands, and the right person has been found." - [Ellex shortlisted for the <strong> Benchmark Litigation Europe Awards 2025 </strong>](https://ellex.legal/ellex-shortlisted-for-the-benchmark-litigation-europe-awards-2025/): In addition to the firm-wide recognition, several Ellex experts have received individual nominations: - [Ellex advised Gemoss on the acquisition of UAB Sangaida](https://ellex.legal/ellex-advised-gemoss-on-the-acquisition-of-sangaida/): On May 2025, Latvian hospitality sector leader SIA Gemoss acquired 100% of the shares in UAB Sangaida, a long-standing Lithuanian supplier to the HoReCa industry. - [Ellex recognised in 2025 <strong> IP STARS </strong> and <strong> IAM Patent 1000 </strong> rankings](https://ellex.legal/ellex-recognised-in-2025-ip-stars-and-iam-patent-1000-rankings/): Ellex has been ranked as a recommended law firm in all three Baltic countries in the 2025 edition of the IAM Patent 1000, a guide that is respected for its focus on patent strategy and enforcement and identifies the world’s leading patent professionals and firms. - [<strong>Ellex Transaction Radar:</strong> summary of the first half of 2025](https://ellex.legal/ellex-transaction-radar-summary-of-the-first-half-of-2025/): According to Ellex partner Risto Vahimets, the energy, defence, and technology sectors remain in the spotlight. “However, we must seriously address issues that the rest of the world has largely overcome but which still affect both the investment climate and the overall state of the country and society. I’m referring to inflation and economic recession,” Vahimets noted. - [Ellex advised on €145 million financing for European Energy’s major renewables projects in Lithuania](https://ellex.legal/ellex-advised-on-e145-million-financing-for-european-energy/): The loan will be used to refinance and further expand three key renewable energy assets:  - [Ellex advises EBRD on €60 million loan to Ignitis Group for EV charging infrastructure across the Baltics](https://ellex.legal/ellex-has-advised-ebrd-on-an-loan-to-ignitis-group/): This project is a significant milestone in advancing sustainable mobility in the Baltics. At present, the region still lags behind the EU average in terms of accessible EV infrastructure. EBRD’s support is set to boost the availability of charging points and promote wider adoption of electric vehicles in line with national climate strategies and the EU’s decarbonisation objectives. - [Ellex was named <strong>Baltic Law Firm of the Year 2025</strong>](https://ellex.legal/ellex-was-named-baltic-law-firm-of-the-year-2025/): What makes this year even more meaningful is that it’s not the only one. We’re proud to have also received the Baltic Law Firm of the Year title from both the IFLR Europe Awards and the IP Managing Stars Awards – two other major international rankings that evaluate legal work through the lens of innovation, technical quality, and client impact. - [Ellex Advises Robinhood on Establishing Its First European Hub in Lithuania](https://ellex.legal/ellex-europe-robinhood/): Ellex supported Robinhood throughout the licensing process in Lithuania. The firm provided legal advice on the regulatory framework for investment and crypto-asset services and represented Robinhood Europe in successfully obtaining both licenses. This significant project was carried out by Ellex’ Banking and Finance law professionals: partners Ieva Dosinaitė and Neringa Mickevičiūtė, senior associates Jurgita Žiaušytė, Domantas Gudonis, Mindaugas Moskalionas, Vytautas Vosylius, and expert Lina Radavičienė. - [ITechLaw <strong> Startup </strong> Legal Playbook](https://ellex.legal/itechlaw-startup-legal-playbook-2/): The Playbook was created to help triage important issues and enable better risk assessment and questioning. Its many authors are ITechLaw lawyers from around the world experienced in working with startups. The Playbook is primarily broken into chapters by country, plus a number of umbrella chapters dealing with certain specific topics. - [Ellex recognised for leadership at the <strong> Women in Business Law Awards 2025   </strong>](https://ellex.legal/ellex-at-the-women-in-business-law-awards-2025/): At the gala ceremony held in London on 26 June, Vilija Vaitkutė Pavan, partner at Ellex, was named Lawyer of the Year in Commercial Arbitration. This distinguished title acknowledges exceptional professional achievements. - [<strong>Filips Kļaviņš</strong> about deal with Donald Trump, career in New York, and returning to Latvia](https://ellex.legal/filips-klavins-on-meeting-trump-new-york-and-coming-back-home/): In this podcast episode, Ellex in Latvia partner Filips Kļaviņš shares vivid stories about a deal with Donald Trump, his early career in New York, and returning to Latvia during the formative years of its modern business landscape. - [Impact of the <strong>European Digital Identity Wallet application</strong> on financial services ](https://ellex.legal/eudi-wallet-and-digital-financial-services-eu/): EUDI Wallet is an application that allows all European Union citizens, residents, and businesses to digitally prove their identity, store and share identity documents, and conduct digital transactions. Usage of the EUDI Wallet should be free for individuals and the EU member states will have the right to decide whether businesses should be subject to fees to use wallet services.