SEMINAR | "How to get and keep state aid?"

On 4 June from 9:00 till 11:30AM COBALT is inviting you to the seminar titled "How to get and keep state aid? Models of public funding and their legal specificities".

Place: Radisson BLU Hotel Lietuva, Epsilon hall
Address: Konstitucijos pr. 20, Vilnius

REGISTRATION IS NECESSARY (MORE IN LITHUANIAN): https://lu.ma/duzxv4k2

In 2024, ILTE was granted national development bank status and is currently transitioning from a traditional agency to a bank model. The seminar will explore where and how to seek state financial support, how the state as a funder differs from private funders, the various models of state funding, and highlight some of the exciting initiatives ILTE is currently working on. We look forward to seeing you at the event organized by COBALT and partners on 4 June.


PROGRAMME:

9:00-9:30 Welcome Coffee

9:30-9:40 Opening Remarks – Rasa Zaščiurinskaitė, Partner and Head of the EU Law and Competition Practice Group at COBALT

9:40-10:00 Why State aid?
Key legal differences between public and private sources of funding
Justinas Šileika, Specialist Counsel at COBALT

• A public funder wants to but says it cannot meet my application. Why?
• Why does the law make it more difficult for the public funder?
• Which right is more restrictive for public funder? The basics of EU state aid law, the role of this branch of law in the decision to grant funding, the role of infringement

10:00-10:20 How to obtain State aid?
The traditional model of State support
Martynas Mykolas Kalvaitis, Manager at Sintesi Consulting

• How does the distribution of support through agencies work?
• Nature of projects funded, usual conditions
• Practical advice on preparing applications, dealing with agencies

10:20-10:40 Break

10:40-11:00 From agency to national development bank.
ILTE's experience and ambition in its transformation into a national development bank
Giedrė Gečiauskienė, Executive Board Member, Head of Customer Relations and Financing Solutions at ILTE

• How does a national development bank differ from an agency administering State support measures?
• What makes the national development bank model better suited for strategic project financing than the agency model?
• Why can't private banks fulfil the role of a national development bank?
• What is/was needed for ILTE to transition to the national development bank model?

11:00-11:30 Where should you seek funding: private funder, agency, or national development bank?
Moderator Akvilė Bosaitė, Partner and Co-Head of the Banking and Finance Practice Group at COBALT.


PARTICIPANTS:

Rasa Zaščiurinskaitė is a Partner and Head of the Competition Practice Group at COBALT Lithuania. For over 16 years, she has concentrated her practice in competition law and has substantial experience in Energy, Pharmacy, Aviation and other regulated areas of law. During her legal career, Rasa Zaščiurinskaitė has advised both local and international clients on diverse Competition law and Commercial law matters.

Akvilė Bosaitė is a Partner and Co-Head of the Banking and Finance Practice Group. She has specialised in banking, finance, investment funds, project financing, restructuring of financing, securities and M&A for over fourteen years. Akvilė Bosaitė is a recommended expert in finance law by international law firm directories.

Justinas Šileika is a Specialist Counsel at COBALT Lithuania. He specialises in the fields of EU & Competition and Corporate Law. In his legal practice he has consulted numerous local and international clients on a wide range of legal issues. Justinas holds a Master’s degree in Law from Vilnius University, and is currently an assistant-lecturer of EU & Competition Law at Mykolas Romeris University.

Giedrė Gečiauskienė has over 20 years of professional experience in customer service, financial management, financial markets, investments, operations, and team leadership. She currently heads the ILTE customer and financing solutions teams and plays an active role in the organization’s strategic transformation.

Martynas Mykolas Kalvaitis is a seasoned finance consultant with over 15 years of experience in EU Structural and Investment Funds, currently serving as a Consultant and Manager at Sintesi Consulting. His expertise spans public-private partnerships, investment project development, and alternative investments, backed by a strong academic foundation from Vilnius University and the University of Missouri–St. Louis.

You may also like the following events from COBALT.Legal:

• This Friday, 23rd May, 08:30 am, “Strategic vs Financial Investors: Shaping the Direction of Business” in Vilnius

Also check out other Workshops in Vilnius, Business events in Vilnius.