WALLESS Emerges as New Baltic Team of Top-Tier Lawyers to Serve International Business

2020 10 01

WALLESS of Lithuania, Derling Primus of Estonia and Primus Derling of Latvia have signed an agreement to integrate teams under a single name WALLESS. A united WALLESS Baltic law firm will continue to provide top level legal service and seek to become the first choice for regional and international clients working in the Baltic states.

To meet the market demand coming from regional and international clients, WALLESS Baltic team is capable of delivering seamless client service region-wide. The foundation of WALLESS is an aligned business strategy and values, which put client needs first. The three partners have a joint vision of a modern law firm, which is built on earned client trust, openness, innovation and kept promises.

WALLESS new Baltic legal team unites 100 lawyers in Vilnius, Riga, Tallinn and Tartu. The team provides full scope of specialized business law services, with a particular strength in the areas of mergers and acquisitions, capital markets, banking and finance, fintech, commercial and regulatory, real estate, tax, dispute resolution and white-collar and government investigations.

All three law offices under WALLESS brand are run by top-tier professionals with many years of expertise.

WALLESS Lithuania was established by the group of partners who in 2019 separated from Ellex Valiunas in Lithuania. Throughout 2019 and 2020, the new law firm WALLESS has doubled its capacity and now is among the top five in Lithuania. Among other projects, WALLESS Lithuania advised American fintech company Square, Inc. on the acquisition of the Spanish payment app Verse with a European license in Lithuania, assisted the consortium of Spanish companies Elecnor and Abengoa on signing of €363m contract with LTG Lithuanian Railways and consulted the syndicate of international banks on the issue of €300m senior unsecured bonds of energy group Ignitis and later on the IPO of the same group which became the largest IPO in the history of the Baltics.

WALLESS Latvia was launched in 2009, after a split of the then-largest Latvian law firm Loze, Grunte & Cers. Having operated as Primus, the firm has partnered with Estonian Derling since 2018. Among the most important projects of WALLESS Latvia was the assistance to the supplier of 32 new electric trains Skoda Vagonka (total contract amount €240m) and assistance to the designer and general contractor of the Rail Baltica Riga railway bridge and Riga Central Passenger Station (the largest construction contract in Latvia, €430.5m). WALLESS Latvia was also the legal advisor for the successful IPO of AS Madara Cosmetics in Nasdaq First North.

WALLESS Estonia was founded as Derling in 2016, after separation from TGS Baltic. Its core partners have more than 20 years of experience. The firm has been the fastest-growing legal services business in Estonia, presently placing among the five largest law firms. WALLESS Estonia has advised the sale of Transiidikeskus terminal operator to HHLA Hamburger Hafen und Logistik, which is one of the largest deals in the Estonian logistics sector to date, and the €50m secured bond issue by Nortal, the region’s leading technology group. Its lawyers have recently contributed into Estonia’s fund and covered bonds legislation and caused many positive changes to the Estonian capital markets landscape.

Congratulations and all the best to all of us!

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