Department profile
WALLESS

Banking & Finance

Europe Guide 2026 : Lithuania

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WALLESS

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About

Provided by WALLESS

WALLESS has an all-rounded Banking and Finance Team experienced in project finance, acquisition finance, and asset finance, it also has a unique aircraft and shipping finance expertise. WALLESS Banking and Finance Team together with the firm’s renewable energy colleagues intensively work on green finance (both bank lending and debt capital markets). WALLESS Banking and Finance Team is led by partners Mr. Gediminas Rečiūnas and Ms. Joana Baublytė-Kulvietė – both being highest ranked by all major legal directories in banking and finance.

Deals:
  • Acted as leading counsel of the European Bank for Reconstruction and Development (EBRD) on the second loan to the Lithuanian Public Investment Development Agency (VIPA) for greening buildings in Lithuania
  • Assisted Saldo Finance in obtaining a specialised bank license from the Bank of Lithuania and the European Central Bank
  • Assisted Payrnet/ Railsbank in successfully obtaining an e-money institution license from the Bank of Lithuania
  • Assisted RIA Financial in setting up a company in Lithuania and obtaining a payment institution license from the Bank of Lithuania
  • Assisted Simplex in the acquisition transaction with Safecharge/ Nuvei
  • Advised international banks on several Eurobond issuances as well as the largest ever IPO of Ignitis Group
  • Advised private funds of Blackstone in relation to acquisition of a controlling stake in Luminor Bank

  • Advised DAT group in financing of acquisition of aircraft hangar located in Kaunas, Lithuania

Clients (1)

  • Swedbank, Danske Bank, Luminor Bank, Ria, Unicredit, BTA

Industries (1)

  • Banking and Finance, Project Finance, Capital Markets, Investment Services and Derivatives, Funds, Insurance, Fintech, Aviation and Aircraft Finance

Chambers Review

Provided by Chambers

Banking & Finance - Lithuania

Band 2

What the Team is Known For
WALLESS advises a client roster of private equity firms, corporate entities and banks as well as fintech companies. The team is particularly active in bond issuances, as well as financial regulatory matters. The lawyers also assist with project financing and acquisition financing mandates.
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Strengths

Provided by Chambers

  • WALLESS has good strategic oversight and a disciplined approach to problem solving.

    Banking & Finance respondentEurope

  • WALLESS has a solid foundation across key areas and grasps the key drivers and priorities.

    Banking & Finance respondentEurope

Notable Practitioners

Provided by Chambers

  • Joana Baublytė-Kulvietė
    Joana Baublytė-Kulvietė

    Joana Baublytė-Kulvietė

    Joana Baublytė-Kulvietė advises clients on bond issuances as well as acquisition financing and regulatory matters. She is regularly active on cross-border transactions.

    • Joana Baublytė-Kulvietė provides very good strategic insights and follow-up, and focuses on delivering value to the client.

      Banking & Finance respondentEurope
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Ranked Individuals at WALLESS (1)

Lithuania

Members

Provided by WALLESS

WALLESS has rankings in the following guides

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