Recently, significant amendments to the Lithuanian Labour Code and the Law on the Legal Status of Foreigners were approved by the Parliament. These amendments will come into force once they are approved by the Lithuanian President. In this newsletter we offer an overview of the most important changes and take a look at what these […]
Latvian authorities have handed a €1m fine to Rigensis Bank for violating an array of financial crime laws, the latest direct action taken by the country as it seeks to implement a suite of legislative reforms. The Financial and Capital Market Commission (FCMC) announced on Monday it was issuing a penalty to the Riga-based institution […]
We successfully represented the main shareholder of a company in an arbitration dispute between shareholders. The dispute arose over compensation of almost EUR 400 thousand for a non-compete obligation and the possibility to change the shareholders’ agreement due to the alleged substantial inequality between the parties at the time of conclusion of the contract. These […]
Deals & Cases / Mantas Petkevičius, Vytautas Sabalys, Laura Matuizaitė-Mikštė
We assisted medical imaging startup Oxipit in raising EUR 1.5 million in a seed round, co-led by Practica Capital, Koinvesticinis fondas and angel investors. The round marks the largest investment for medical AI solutions in the Baltic states. It is also one of the largest seed rounds among Baltic startups. Bringing AI solutions to everyday […]
We successfully represented Svarmil in a dispute with a former employee who was diagnosed with an occupational disease and claimed damages, including moral damages for pain and suffering. The claimant wished to receive life-long monthly compensation for loss of income. Unsatisfied claim It is usually assumed that if such a disease exists, it has been […]