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Practice areas:

Mergers and Acquisitions, Taxation

Career:

• Since 2006 partner of law firm Sutkiene, Pilkauskas & Partners (now TARK GRUNTE SUTKIENE)
• Since 2003 law firm Sutkiene, Pilkauskas & Partners
• 1999 Vilnius office of the USA law firm McDermott, Will & Emery and thereafter continued practising with law firm Jaskutėlis, Sutkienė & Masiokas (the Vilnius office of the USA law firm McDermott, Will & Emery)

Education:

• 2002 Vilnius University, Faculty of Law

Publications:

• You enter into a contract: Be familiar with the principles of contract law // 7 April 2006
• Liability of the heads of companies // Verslo Žinios, 28 April 2006

M&A newsletter 2011 - March 2011

Membership:

• Lithuanian Bar Association
• International Bar Association

Languages:

Lithuanian, English, Russian

Experience:

• Counselled Thermo Fisher Scientific Inc. on all Lithuanian law matters related to the acquisition of Fermentas International Inc., headquartered in Canada, and its nine subsidiaries located in the USA, Canada, China, the United Kingdom, Germany, France, Finland, Sweden, and Lithuania. Advised on all Lithuanian law matters and conducted the legal due diligence of UAB Fermentas and UAB Sorpo, the companies where the most substantial assets and production facilities of the group are located, advised on transaction documents and handled the merger clearance in Lithuania (2010);
• Provided full transaction services to UAB EVA GRUPĖ in relation to acquisition of a controlling stake in Mieszko SA (Poland) from UniCredit AG (Germany). White&Case also acted for UAB EVA GRUPĖ with respect to matters pertaining to Polish and German law and Clifford Chance represented UniCredit AG (2010);
• At the request of Hypo, one of the major banking groups in Germany, presented a legal analysis of possible implications related to the transfer of bad portfolio assets to AidA, a bad loan portfolio agency established by the German government (2010);
• Analysed financing documents of some significant borrowers at the request of SEB, one of the major Swedish banks, holding the largest loan portfolio in Lithuania (2010);
• Prepared a draft settlement agreement and negotiated for it in the dispute arising out of the agreement for sale of UAB Archyvų sistemos shares (2009);
• Counselled SEB, a bank holding the largest loan portfolio in Lithuania, and its subsidiary SEB lizingas regarding a possible restructuring of the loan extended to the sports clubs company (2009);
• Counselled a Scandinavian bank, holding one of the largest portfolios in the Baltic States, on restructuring of bad loan portfolios with regard to taxation, corporate and regulatory issues (2009);
• Prepared financial collaterals used in transactions by a financial investment company which is a subsidiary of a major Lithuanian company (2009);
• Represented MOLLER BALTIKUM AS in the Competition Council of the Republic of Lithuania in obtaining a concentration permit for acquisition of a shareholding in UAB Magira (2009);
• Represented UAB HC Airways in acquisition transactions, conclusion of the shareholders agreement. Also, counselled the client on the services and cooperation agreement with the Vilnius airport and on issues of state aid (2009);
• Counselled a client that intended to engage in purchase and transportation of metal scrap in Lithuania, on all business issues, including incorporation of a company, regulations applicable to its activities, lease and operational agreements, labour law issues (2009);
• Counselled UAB ERGO LIETUVA GYVYBĖS DRAUDIMAS with regard to the cross border merger of its Baltic subsidiaries and incorporation of a European company in Lithuania (2008);
• Advised AB INVALDA, major Lithuanian investment company, in connection with the sale of 20.3% of shares in AB SANITAS to Baltic Pharma Limited, an investment vehicle for funds managed by Citi Venture Capital International ("CVCI");
• Represented a client in acquiring the chain of Farma pharmacies (2008);
• Represented a client in the partial sale of Verdispar shopping centres (2008);
• Provided full transaction services to Polish Enterprise Fund IV, a major private equity fund, and its manager Enterprise Investors Corporation, in connection with acquisition of UAB Novaturas, the biggest tour operator in the Baltics, and its subsidiaries in Latvia and Estonia;
• Successfully advised Sampo Group concerning the cross-border merger of its subsidiary life insurance companies in Lithuania, Latvia and Estonia by establishment of Societas Europea (2006);
• Participated in due diligence on major Lithuanian companies, including: AB Mažeikių nafta, the principal asset whereof is the largest oil refinery in the Baltic states (2005);  CENTRAL SECURITIES DEPOSITORY of LITHUANIA (AB LIETUVOS CENTRINIS VERTYBINIŲ POPIERIŲ DEPOZITORIUMAS) and National Stock Exchange of Lithuania (AB Nacionalinė vertybinių popierių birža) (2004); power supply and distribution companies (AB Rytų skirstomieji tinklai and AB Vakarų skirstomieji tinklai) (2003–2004); Distillers AB Stumbras, AB VILNIAUS DEGTINĖ, AB ANYKŠČIŲ VYNAS (2003); a major cosmetics and perfume company in Lithuania (2003); a major pharmaceutical company in Lithuania (2003); Lithuanian gas (AB LIETUVOS DUJOS) (2002);
• Represented a major commercial bank in Lithuania in its acquisition of a life insurance company in Lithuania, UAB Lietuvos draudimo gyvybės draudimas (2003).