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Europe 2022
Lithuania Banking & Finance
Band 2

3 Ranked Lawyers


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.


  • 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

Chambers Review

Provided by Chambers
Banking & Finance - Lithuania
Band 2
What the team is known for

WALLESS's team climbs a tier up on the back of strong market support. The dynamic team includes seasoned practitioners and advises a client roster of private equity firms, corporate entities and banks as well as fintech companies. The team is particularly active in IPOs and bond issuances as well as finance regulatory matters. The lawyers also assist with financing and refinancing mandates.


"They are always looking for solutions to complex situations. They have a strong offering of specialist lawyers," one pleased client asserts.

Work highlights

Advised a syndicate of Bank of America, J.P. Morgan, Morgan Stanley, Swedbank and UBS on the EUR450 million IPO of Ignitis Group.

Notable practitioners

Andrius Ivanauskas joined WALLESS in April 2022. He is well known in the banking and finance arena, frequently instructed by corporates on project financing issues. He also assists with regulatory issues. "He strove to find solutions to our problems," a client reports.

Gediminas Rečiūnas is revered as a market-leading banking and finance name, highlighted for his adept representation of lender-side clients on complex financings as well as regulatory issues. He is regularly sought out by major banks and corporates to assist with multi-jurisdictional transactions. "He is a senior practitioner with very sound knowledge," a commentator asserts.

Joana Baublytė-Kulvietė is a notable name advising clients on a wide array of transactions including financings as well as regulatory issues. "She is extremely good, technically solid, she isn't restricted into a legal framework and is very creative," one interviewee lauds. She is also noted for her work in the capital markets arena advising on IPOs and bond issuances.

Ranked Lawyers at

Provided by Chambers
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Banking & Finance

Gediminas Rečiūnas
Gediminas Rečiūnas
Band 1
Joana Baublytė-Kulvietė
Joana Baublytė-Kulvietė
Band 3
Andrius Ivanauskas
Band 4


Provided by WALLESS

Akvilė Marozaitė

Aušra Brazauskienė

Enrika Tamašauskaitė

Grėta Šumskytė

Karolis Katauskas

Laurynas Narvydas

Lina Radavičienė

Simona Vosylienė

Viktorija Dusajeva


Provided by WALLESS

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


Provided by WALLESS

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