Pan-Baltic firm Walless was established in late 2018 in Lithuania by a spin-off of around 30 lawyers from Ellex Valiunas. The firm has grown rapidly and now has a network including branches in Riga, Tallinn and Tartu.

Highlights

The firm is a strong player in the Lithuanian financial law sector achieving tier 1 status across Banking and finance, capital markets, financial services regulatory and Project development. The firm has been active on a range of matters including syndicated and project financings, investments, mergers, regulatory advice, acquisitions and both energy and transportation projects. Deal highlights include the Mazeikiai wind farm project financing, E energija Telsiai wind farm project financing, Siauliu Bankas merger wiith INVL and the Energy storage battery parks project.

Key clients

Vinted, TransferGo, SumUp, RIA, Vilnius City Municipality, Kaunas City Municipality, State Entity Ignalinos atominė elektrinė, Solaris, European Bank for Reconstruction and Development, Swedbank, Siauliu Bankas and Bayerische Landesbank.

Testimonials

“Professional team (especially in areas of regulation of financial services and taxation).”  (Banking and finance client)

“They are very professional, proactive and they have a very good understanding of how the regulatory institution is working and how they are thinking. Our cooperation was always very smooth.” (Financial services regulatory client)

“Walless have significant M&A and renewable energy credentials in Lithuania.  They were really proactive and very responsive to us.  They were really professional.” (M&A client)

“Walless is attentive to clients and offers effective dispute resolution methods.” (PPP/PFI client)

“Extremely skilled and professional with solid industry and regulatory specific background.” - Joana Baublytė-Kulvietė, Head of Banking and Finance Practice Group

“Very knowledgeable on M&A, very responsive, very proactive, happy to engage with us, able to offer solutions.” - Dovile Burgiene, Managing Partner of Lithuania

“Very deep knowledge of the whole regulatory process, responsiveness, very high problem-solving skills.” - Akvile Marozaite, banking and finance associate partner

“Vaidotas is hugely knowledgeable in the renewable energy sector.  But above all, he  was so proactive and regularly brought us updates in the offshore wind sector as they occurred without us asking.  These updates were so appreciated.” - Vaidotas Puklevicius, M&A partner

“Very experienced lawyer with perfect competence in regulation of banking and investment services.” - Gediminas Rečiūnas, Finance partner

“She is responsible, delves into client issues, and is highly knowledgeable in her field.”  - Laura Ziferman, Head of Commercial and Regulatory Team