Rimtis is a Partner in our Vilnius office. He focuses on corporate, commercial, M&A and data protection law. Rimtis has over 20 years of experience working on most complex assignments in his fields of specialisation.
Rimtis is a partner at Eversheds Sutherland Vilnius office, whose practice is focused on corporate and commercial law, M&A and data protection. Rimtis has a large portfolio of long-term established clients, as well as a track record of participation in major deals. His practice focuses on advising clients on commercial contract matters, corporate restructurings, major merger and acquisition transactions, including international restructurings and corporate joint ventures. He also devotes a substantial part of his work to data protection legal matters. Rimtis works with clients on issues related to corporate finance and domestic and international taxation.
Rimtis was leading and taking part in a number of major projects within Lithuania and the Baltics, including the sale of the Lithuanian gas transmission operator, divestment of the only Lithuania‘s oil refinery, dissolution of the Lithuanian commercial bank and many other landmark projects.
As part of his work with the firm, Rimtis‘ responsibilities include business planning and development, client relationship, professional staff management and day-to-day legal consultancy.
Rimtis has extensive knowledge in EU law and lectured EU Company Law at Mykolas Romeris University for 10 years. Rimtis advised an international law firm based in London on EU law, including guidance on the implementation of the 11th Company Law Directive in Lithuania.
Rimtis regularly delivers presentations at various business and legal events. He is a member of the Lithuanian Bar Association.
- Acted for a major international engineering company, in relation to forming the joint venture and acquisition of cross-Baltic business.
- Acted for the international telecommunication company on potential acquisition of the mobile phone operator in Lithuania. Performed the buy-side legal due diligence, advised shares sale and purchase agreement, provided other transaction support services.
- Advised potential buyer on acquisition of interest in the only Lithuania‘s oil refinery. The estimated transaction value was over 1 billion USD.
- Provided legal assistance to a Nordic construction company on disposal of business line in Lithuania.
- Performed a buy-side legal due diligence and provided transaction support services to a major Lithuanian cable telecommunication company in relation to acquisition of the shares in several other Lithuanian cable telecommunication companies.
- Advised the world’s leading furniture producer on the group financing arrangements and a number of financing issues. Complex/cross border assignment.
- Provided legal advice to Kaunas City in relation to DBO concession of Multifunctional Sports and Entertainment Arena in the island of the 2nd largest city in Lithuania. Rimtis advised on all project financing legal matters.
- Led cross-border acquisition of the largest media business in Lithuania, operating internet media and sales portals.
- Leads team and is regular corporate counsel for the international automobile company. Rimtis advised the client on overall financial services issues in Lithuania. Also advised in relation to set-up in Lithuania, regulatory matters, commercial and corporate matters, labor law and many other legal issues.
- Provided legal compliance services to leading retail and commercial bank.
Rimtis regularly delivers presentations at various business and legal events. He regularly publishes articles and opinions in various business media. Examples of his recent presentations and publications include:
- Participated in preparation of Lithuania chapter of the Data Protection Laws of the World, Thomson Reuters’ flagship data protection title
- Presentation on General Data Protection Regulation (GDPR) in Eversheds Saladžius' organized seminar
- Presentations to multiple Lithuania's business entities and public organizations on various data privacy legal issues
- Author of the article Structuring the M&A Transaction in Lithuania, published in the independent journal Lithuanian Business Review
- Presentation in the conference on Perspectives of Public and Private partnership in Lithuania
- Presentation of an overview of legal acts of the Republic of Lithuania regulating the product liability to the International Comparative Legal Guide to Product Liability
- Presentation on The Aspects of Regulation of company activities in accordance with EU law at the Lithuanian Chamber of Commerce
- Presentation on Legal aspects of real estate leasehold at the Conference Real Estate
- Report at the seminar Introduction to Research and Development, Shared Service Opportunities and Funding for UK Companies in Lithuania, organized in several cities in UK
- Report at the business seminar to foreign investors in London, organized by Eversheds Saladžius in cooperation with the Lithuanian Economic Development Agency and Lithuanian Embassy, UK.
Rimtis is well regarded and recognised by various legal directories; the prestigious Legal 500 praised Rimtis for his "commitment and professionalism".
Ranked in Chambers Europe 2018
Ranked in Chambers Global 2018
Having obtained a LL.M. degree from Vilnius University, Lithuania, Rimtis joined and is a member of the Lithuanian Bar Association.
Rimtis is also actively involved in activities of the Lithuanian-French Chamber of Commerce, where he was elected as a Board member.
- Vilnius University, Master's Degree
- Eversheds-Sutherland conference on General Data Protection Regulation (GDPR)
- IAPP (International Association of Privacy Professionals) Annual data privacy conference
- Internship under International Work Experience Programme in PricewaterhouseCoopers London office, London
- Labor law, stock options, income taxation, Evian
- Soft skills advanced course, London
- International taxation, Barcelona
- International taxation, Copenhagen
- Commercial law and financial advisory, London
- Business law in Northern Europe, Stockholm