Banking & Finance

Knowledge and expertise are the backbone of all successful banking legal solutions

Our extensive experience of the local legal environment is the foundation on which all of our effective banking and finance solutions are built. Whether we are representing our customers in negotiations, drafting documents or facilitating international and local lending transactions, we bring our deep knowledge to bear on everything that we do. Our fields of expertise include term loan facilities, subordinated loans, syndicated loans, bond issues, project funding, mortgage and pledge deeds and other secured financing.

Our team provides advice to a wide range of players in the banking and finance sector. We assist banks, credit unions, payment and other financial institutions and consumer credit lenders in regulatory compliance, loans, credits, and fundraising through public issues. Our legal services offered to the banking and finance sector include:

  • establishment and licencing of banks, credit unions, payment, electronic money and other financial institutions;
  • establishment and registration of consumer credit lenders; advice on regulatory compliance;
  • drafting documentation in acquisition financings, advising on various matters relating to the field;
  • drafting documentation in infrastructure and real estate financing transactions, advising on various matters relating to the field;
  • advising on trade and working capital financing and security matters;
  • advising on refinancing issues and drafting of necessary documentation;
  • advising on matters relating to the issuance of security in respect of financial obligations, drafting of necessary documentation;
  • advising on matters relating to public issues;
  • conducting legal due diligences for IPO prospectuses and for other documentation;
  • advising on public debt matters;
  • advising on matters relating to derivatives, drafting of documentation.
  • liquidation of UniCredit bank’s branch in Lithuania; advising on the sale of remaining portfolio to Swedbank;
  • advising national LNG supplier LITGAS on the revolving facility exceeding EUR 120 million;
  • advising the investment fund on the potential acquisition of the “bad” part of Ūkio bank;
  • representing a pool of creditors in Ūkio bank bankruptcy, in the split-up of Ūkio bank and in disputes on the approval of creditory claims;
  • advising Raiffeisen Bank International, one the largest CEE financial groups, on the repayment of inter-bank credit;
  • representing a pool of creditors in Snoras bank bankruptcy and in disputes on the approval of creditory claims;
  • advising the credit unions on legal matters related to the transformation into a commercial bank, repayment of credits, consumer protection and other matters;
  • representing a group of investors led by Ripplewood Advisors in their acquisition of Citadele bank in Latvia and Lithuania Advising the fund manager on the structuring of the Business Angels' Fund established under the JEREMIE initiative launched by the European Investment Fund;
  • advising OOO OMA, a Byelorussian DIY chain-store, and its stakeholders on the credit facility made available by the International Finance Corporation (the World Bank Group);
  • restructuring of the local financial arrangements between Baltic Commercial Properties AS, Baltic Sea Properties AS (funds formerly operated under the brand-name “Verdispar”) and SEB, Nordea and Swedbank Rendering year after year advice to numerous foreign banks and fund managers, such as  BNP Paribas, Northern Trust, State Street Bank and some others, on Lithuanian law and practice in connection with the securities regulation and sovereign debt;
  • representing an Estonian client before the Lithuanian Securities Commission and the courts in the first securities manipulation case involving foreign jurisdiction of the Lithuanian Securities Commission;
  • representing US-based Export-Import Bank and its assignees in the bankruptcy proceedings against Ekranas; 
  • represenation of the seller in the complex transaction in selling the market leader of polymer materials UAB „Heliopolis“ and its parent company UAB „Oracal lipnioji plėvelė“
  • cross-border handling a pan-Baltic UniCredit bank centralisation project, the first project of a kind in the Baltics, and further exit of the bank from the Baltics.
  • assisting Emerging Europe Land Development (Norwegian real estate investment fund) in a complicated matter with regard to collateral over the loan granted by the fund managers to the fund;
  • advising Royal Unibrew A/S and its Lithuanian subsidiary UAB Kalnapilio Tauro Grupe on the multibillion club facility arrangement with Danske Bank AS, Nordea Bank Danmark AS and Nykredit Bank AS;
  • advising Deutsche Pfandbriefbank AG on the extension of the multimillion credit facility provided to UAB Mulga, owner of Babilonas shopping centre in Vilnius;
  • structuring of finance and shareholding structure, management and operatorship for the largest in the Baltics retail center Ozas (150,000 sq.m);
  • advising the European Bank for Reconstruction and Development (EBRD) on its EUR 20 million equity investment into and loan financing of E Energija UAB, an energy company having operations in Lithuania, Latvia and Ukraine;
  • advising Hypo Real Estate Bank International AG on the financing of a UK investment fund Dawnay Day Carpathian in its EUR 33 million acquisition of Babilonas, the Lithuanian shopping and entertainment centre;
  • advising on the EUR 40 million equity and debt financing of the largest Lithuanian wind turbine park (under construction);
  • advising the local borrower on refinancing by Eurohypo AG of a EUR 30 million syndicated loan from the local financial institutions;
  • acting for syndicate of banks in relation to a USD 29 million loan facility to Mazeikiai Oil refinery;
  • EBRD‘s Baltic Post privatisation Fund equity and financial investment in the Lithuanian textile, food processing and IT sectors;
  • IFC and EBRD financing of major Lithuanian fertilizer producer Lifosa AB;
  • IFC financial and quasi-equity investment in the largest Lithuanian TV tube producer, Ekranas;
  • EBRD financing the renovation of Kaunas Water Company;
  • financing of 20 000 square metre modern commercial property Business Centre 2000;
  • major Lithuanian mobile operator Omnitel credit facility arrangements with several international financial institutions;
  • consulting for various Western banks in financing projects (Standard Bank, SEB, Nordic Investment Bank, ABN Amro Bank, Overseas Private Investment Corporation, Kredyt Bank PBI S.A.).

Contacts

Jogailos 4, 01116 Vilnius