` Dr Irmantas Norkus | COBALT

Dr Irmantas Norkus

Managing Partner / Lithuania


Dr Irmantas Norkus is the Managing Partner of COBALT Lithuania, with over 20 years of extensive experience in private and public M&A, competition, banking and finance. During his career Dr Norkus has led numerous landmark cross-border and domestic transactions and projects and has handled some of the most complex antitrust matters of recent times. He has represented a broad range of high-profile corporate clients, investment funds, issuers, financial institutions and institutional investors. Dr Norkus’ exceptional and impeccable service has earned him a reputation as a leading lawyer in his areas of practice.


  • Corporate/Commercial – Band 1, Chambers Global 2024
  • Banking – Market leader, IFLR1000, 2024
  • Competition – Market leader, IFLR1000 2024
  • M&A – Market leader, IFLR1000 2024
  • Commercial, Corporate and M&A – Hall of Fame, The Legal 500 2024


  • Lithuanian, English, Russian

Membership & education

  • Since 2004 Member of the International Bar Association
  • Since 1999 Member of the Lithuanian Bar Association
  • 2001 Doctor Juris, Vilnius University
  • 1996 Master’s degree in Law, Vilnius University
  • 1997 Study visit to Business School, Leeds University, UK
  • 1993 Study visit to John Marshall Law School, Chicago, USA

    The Netrisk Group and Bauer Media Group Complete the Merger of Online Comparison Businesses in Central and Eastern Europe

    COBALT advises the majority shareholder of AS TOODE, Amber Trust II S.C.A. in the sale of its shares to Kingspan Group

    Linas Agro Group acquires Grybai LT: new opportunities and development

    Adampolis Group becomes official MAN dealer in Finland

    The majority shareholder of Hansab sells its majority stake to BaltCap

    COBALT advises on the sale of HKScan’s Baltic business to AS Maag Grupp

    COBALT advises “TABA Invest” owned by T. Barštys and his son on the development of a new project

    COBALT advised Trophy Games on its acquisition of PIU-PIU LT

    COBALT advised Kongsberg on its acquisition of NanoAvionics

    COBALT advised IBM on reorganization for separation of Kyndryl regarding Baltic jurisdictions

    COBALT represented the shareholders of AB Kauno grūdai who transfered their controlling stakes in this and related companies to AB Linas Agro Group

    COBALT advised Peranto OU on the sale of 100 percent of UAB Mockavos Terminalas shares

    COBALT represented UAB “Linas Agro” Konsultacijos in the sale of shares of the Zemvalda Land Management Holdings

    COBALT represents the shareholders of AB Kauno grūdai, AB Kaišiadorių paukštynas and AB Vilniaus paukštynas in the transfer of controlling stakes to AB Linas Agro Group

    COBALT advised the shareholder of Engagecraft on the sale of its shares to Fan19

    COBALT advised INVL Baltic Forests Fund I on the sale of forests

    COBALT advised funds advised by Apax Partners on acquiring the Baltic Classifieds Group

    COBALT advised KJK Sports in its acquisition of Baltik Vairas

    COBALT represents Reitan Convenience AS in acquiring Caffeine

    COBALT advised Luminor on cross-border merger

    COBALT advised Luminor on obtaining ECB approval for cross-border merger in the Baltics

    COBALT advised shareholders of UAB Ilsanta on the sale of 100% of the company’s shares to UAB ILS holding, managed by Gediminas Žiemelis

    COBALT advised AB Rokiškio sūris on the acquisition of its 10% shareholding by strategic investor Fonterra

    COBALT advised on sale of MTG Baltic subsidiaries

    COBALT advised DNB on the creation of Luminor – largest ever transaction in the Baltic banking market

    COBALT advises Santa Monica Networks on sale of its Finnish-Baltic subsidiaries

    COBALT advises DNB upon combining its operations with Nordea in the Baltics

    COBALT advised AMIC Energy on the acquisition of UAB LUKOIL BALTIJA business in Lithuania

    COBALT client Gjensidige completes PZU Lietuva acquisition

    Advising Deutsche Bank as one of the providers of financing for the unprecedent acquisition of a loan portfolio from bankrupt AB bank Snoras

    COBALT advised Cgates on acquisition of 5 telecommunication companies

    COBALT advised Invalda INVL on the sale of bank Finasta AB and Finasta brokerage company

    COBALT represented BaltCap on the acquisition of the remaining shareholding in Ecoservice

    COBALT advised shareholders of Cgates in the sale of their shareholding to East Capital

    COBALT advised Gjensidige on the acquisition of PZU Lietuva

    COBALT advised AB Invalda LT on the acquisition of Finasta Group

    COBALT continues delivering excellence in the venture capital market

    Competition Council terminates its investigation into Linava association

    COBALT achieves a EUR 600,000 reduction of fines for its clients

    COBALT advised BaltCap on the acquisition of shares in UAB Ecoservice

    COBALT advised UAB Eldes on attracting financing from LitCapital

    COBALT advised UAB Martesa on the acquisition of 100% shares in UAB PONTEM

    COBALT advised a shareholder of UAB Lodvila and UAB Grafija on the transfer of its shares in the companies

    COBALT advised UAB Fragrances International on the transfer of SIA Douglas Baltic shares

    COBALT advised UAB Fegda on the acquisition of controlling interest in UAB Tilsta

    COBALT advises AB Linas Agro Group on the acquisition of four Latvian companies

    COBALT led an unprecedented transfer of good bank assets to a major Lithuanian bank

    COBALT participated in the first settlement agreement in respect of construction at the Lithuanian seaside

    COBALT provided a proposal for services to the National Agency of Investment and Privatisation of the Republic of Belarus

    COBALT represented UAB Conmaster in arbitration case

    COBALT advised a Norwegian company Hoegh LNG in the liquefied natural gas terminal project of national importance

    COBALT successfully assisted in the dairy cartel case

    We are driven by your recognition

    “Irmantas Norkus is a great leader and deal supporter.”
    Chambers Europe 2024, Corporate and Commercial
    "Irmantas Norkus is a key M&A lawyer who handles high-value cross-border transactions, with particular strengths in the agricultural and technology sectors."
    Chambers Europe 2023, Corporate and Commercial
    "Irmantas Norkus is a well-established figure in the market and is adept at handling a broad range of domestic and international transactions. Irmantas Norkus is hard-working and ambitious."
    Chambers Europe 2020, Corporate and Commercial
    "Irmantas Norkus led the advice to DNB on combining its operations with Nordea in the Baltics states, which included all aspects of the planning of the transaction, and regulatory and merger control matters. He continues to advise the newly combined bank Luminor."
    The Legal 500, 2019
    "Irmantas Norkus assists with the firm's key mandates, regularly advising on merger clearance, dominant position cases and anti-competitive agreements. He co-led the team representing Air Baltic in a claim for damages pertaining to an alleged infringement of national and EU competition law."
    Chambers Europe 2019, Competition and Antitrust
    "Irmantas Norkus is a highly respected figure in the market. He represents domestic and international clients from a variety of sectors including banking, telecommunications and entertainment. Sources praise his longevity and note that he has "earned his name and ranking"."
    Chambers Europe 2019, Corporate and Commercial