Sutkiene Pilkauskas & Partners' banking and finance team has had an interesting year, with the departure and return of Vilius Bernatonis. In November 2008 the firm hired Neringa Grazinyte who briefly headed the banking and finance team in Bernatoins' absence....
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Sutkiene Pilkauskas & Partners' banking and finance team has had an interesting year, with the departure and return of Vilius Bernatonis. In November 2008 the firm hired Neringa Grazinyte who briefly headed the banking and finance team in Bernatoins' absence. Grazinyte has made an impression on clients, with one saying: "She is very good. She gives succinct, to-the-point legal advice. I was very impressed with her."
The firm acted as Lithuanian counsel for JPMorgan on the restructuring of a £600 million loan facility extended to the British Vita Group, which has subsidiary companies in Lithuania.
Like most major Baltic firms, Sutkiene has entered into some form of an alliance with practices in its neighbouring countries. The firm is a member of the TLS Alliance and, along with the other members, the firm drafted the first uniform documentation for the provision of financial services in all three Baltic states by subsidiaries of the Pohjola Group.
Surkiene is also active in aviation finance and worked for NordLB and Elviria Leasing on the rental of an aircraft to Star1Airlines. The firm also worked for Aircastle on the restructuring of a leasing agreement with Flylal-Lithuanian Airlines.
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The market believes Sutkiene Pilkauskas & Partner's strength is M&A work, and the firm has a strong track record in deals up until the general decline in the market that everyone has experienced.The department is headed by Marius Matonis, a capable lawyer accorging to the market....
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The market believes Sutkiene Pilkauskas & Partner's strength is M&A work, and the firm has a strong track record in deals up until the general decline in the market that everyone has experienced.
The department is headed by Marius Matonis, a capable lawyer accorging to the market. Name partner Eugenija Sutkiene is considered a good M&A lawyer, while some suggest Jonas Pilkauskas is a strong lawyer, but is less active now.
The firm represented the private investor NDX energija in one of Lithuania's largest deals of 2008 – a merger between electricity grid operator Lietuvos energija, RST and VST to create the holding company Leo LT. The transaction was valued at €2.4 billion.
The firm represented Invalda in the sale of its 20.3% stake in Sanitas to Balticpharma, an investment vehicle for Citi Venture Capital International, for €30 million. In July 2008 the firm advised Archyvu Sistemos on legal issues surrounding the sale of shares to private-equity fund Lohmus Holding.
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