Although my passion is insurance law, over the years I have also developed a strong banking regulatory profile while dealing with complex regulatory matters of traditional financial market players and the fintech industry. The regulatory world is dynamic, always related to the bigger picture – transactions, competition law, disputes, government relations. I am happy to navigate clients through all these fields.
Creating the regulatory environment. My professional career began at the financial regulator, where I had a chance to contribute to development of the regulatory environment in Lithuania and the EU. While working in the legal business I have continued to be in the midst of major regulatory initiatives, including the draft Insurance Law, the draft Financial Collateral Law implementing the ISDA Model Netting Act, and assisting the Ministry of Finance during Lithuania’s EU presidency, where I was the expert on the Ministry of Finance ECOFIN team.
Standout regional projects. Our clients have entrusted us with the most serious projects in the region, such as the merger of Nordea and DNB, the merger of Baltic Securities Depositories and financing a LNG terminal. Notable major insurance M&A deals deserve a separate mention, such as PZU’s acquisition of RSA Baltic business, the cross border mergers of If, Seesam, Ergo and Aon Baltic entities, and acquisitions by Vienna Insurance Group and Gjensidige. I have also taken on work with the most serious insurance claims, ranging from D&O (directors and officers) liability claims to air crashes.
Country Managing Partner. I was happy to see that my work was valued not only by clients but also by colleagues, who in 2017 entrusted me with the position of country managing partner of our Lithuanian office. This keeps me busy helping the firm’s partners and managers to assure smooth implementation of our strategy and growth of new leaders.
Long-time academic. I have been lecturing at Vilnius University since 2002, taking a three year break from 2017 to 2020 when starting in the position of country managing partner at Sorainen. I truly enjoy the academic life – discussions with students, scientific research (my book on Insurance Contract Law was the first on the subject in Lithuania) and projects with foreign universities. When teaching I aim to develop not only the legal knowledge of the younger generation but also other professional skills needed to provide the best solutions for clients.
- University of Santiago de Compostela, Spain (visiting scholar)
- University of Sassari, Italy (visiting scholar)
- Yeditepe University, Turkey (visiting scholar)
- University of Palermo, Italy (visiting scholar)
- Swiss Institute of Comparative Law, Switzerland (visiting scholar)
- Vilnius University, Lithuania (Dr of Social Sciences, Law)
- Hamburg University, Germany, and Erasmus University Rotterdam, The Netherlands (European Master in Law and Economics)
- Vilnius University, Lithuania (MA in Law)
I am a member of
- Lithuanian Bar Association
- International Bar Association
- Vilnius Court of Commercial Arbitration
- Member of the Financial markets commission of Lithuanian Business Confederation
Deals & Cases
Allianz to acquire Aviva’s operations in Lithuania and PolandDeals & Cases
KogoPay obtains electronic money institution licence in LithuaniaDeals & Cases
Enerstena gets EUR 7 million in financing from the State Aid Fund for BusinessDeals & Cases
Bittiq launches account information business across EuropeDeals & Cases
State Aid Fund for Business starts operating in LithuaniaDeals & Cases
Big time for green and sustainable financePublication
ceelegalmatters.com: The Buzz in Lithuania: Interview with Tomas Kontautas of SorainenPublication
Fintech guide: Lithuania – your entry to the single marketPublication
European Crowdfunding Network:Review of Crowdfunding Regulation 2017Publication
Changes in payment services regulation in LithuaniaPublication
Sorainen tops Chambers fintech rankings for Lithuania and EstoniaNews
Lithuania takes steps to becoming regional centre for green and sustainable financeNews
Sorainen recognised as top fintech legal advisor in Lithuania by Chambers and PartnersNews
Tomas Kontautas becomes a board member of the LVK Financial markets commissionNews