Vilius Bernatonis
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Country
Lithuania
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Languages
Lithuanian, English, Russian
FCIArb Vilius Bernatonis is the Managing Partner and Chair of the Baltic Board, with over 25 years of legal experience across banking and finance, energy, international arbitration, and corporate law.
Widely recognised as a leading legal expert in the region, Vilius advises major local and international financial institutions, as well as companies of national strategic importance. He regularly acts as both arbitrator and counsel in complex, high-value international disputes, bringing deep legal insight and sound strategic judgement to each case.
Vilius work is consistently acknowledged by top-tier legal directories such as The Legal 500, IFLR1000, and Lexology Index which rank him among the leading lawyers in the Baltic region.
Beyond his legal practice, Vilius is a respected public voice on banking, finance, and economic policy. He is frequently invited to speak or moderate at high-level conferences, industry forums, and policy events, where he shares insights on financial regulation, market trends, and economic developments in Lithuania and the wider region. His ability to engage a broad range of audiences – from business leaders and policymakers to legal professionals – makes him a sought-after contributor to public discourse.
Vilius also plays an active role in the American Chamber of Commerce in Lithuania, contributing to the improvement of the business environment and promoting transatlantic economic cooperation. He participates in social impact initiatives and in leadership networks such as the Vilnius Executive Club and family-focused educational organisations.
Outside the office, Vilius enjoys golf, skiing, and wine-tasting trips.
Testimonial
CV
Managing Partner, Head of Energy industry group, law firm TEGOS
Partner, Head of the Banking and Finance practice group, law firm TGS Baltic
Partner, Head of the Banking and Finance practice group, law firm Tark Grunte Sutkiene (former Sutkienė, Pilkauskas ir partneriai)
Member of the Board, national electricity company LEO LT
Partner, Head of the Banking and Finance practice group, law firm Sutkienė, Pilkauskas ir partneriai
Head of the Banking and Finance practice group, law firm Sutkienė, Pilkauskas ir partneriai
Lawyer, state enterprise State Property Fund
IESE Business School, global executive MBA
The Chartered Institute of Arbitrators, Diploma in International Arbitration
A variety of courses and seminars on contract law and international commercial arbitration matters
Vilnius University, Faculty of Law, Master of Law
Vice-Chairman, American Chamber of Commerce
Fellow of The Chartered Institute of Arbitrators, Head of the Baltic States Chapter
Correspondent of The International Arbitration Institute
Lithuanian Bar Association
International Bar Association
Deals & cases
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04.03.2026 | Estonia, Latvia, LithuaniaTele2 and GCI completes the transaction to create the first pan-Baltic tower company
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10.12.2025 | LithuaniaAdvising AB Amber Grid in the negotiation of the natural gas transit agreement with Gazprom
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08.08.2025 | Estonia, Latvia, LithuaniaTele2 and Manulife IM backed GCI create the first pan-Baltic tower company
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11.02.2025 | LithuaniaTEGOS assisted in the project of synchronisation of the Baltic States’ electricity grids with the grids of continental Europe
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07.01.2025 | LithuaniaThe European Investment Bank secured additional €60 million in financing from Šiaulių bankas for the renovation of multi-apartment buildings in Lithuania
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16.12.2024 | LithuaniaLithuania and EIB team up in €100 million initiative for greener housing
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13.02.2024 | LithuaniaTGS Baltic assisted European Investment Bank (EIB) on signing an agreement with Šiaulių Bankas to set up and manage a second EUR 200 million renovation fund.
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05.10.2023 | LithuaniaThe European commission approves €193 million Lithuanian state aid scheme to support offshore wind farms to foster the transition to a net-zero economy
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10.08.2022 | LithuaniaTGS Baltic has won a case in Stockholm arbitration: we represented the Vilnius CHP in a dispute with a biomass unit contractor
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29.04.2022 | LithuaniaTGS Baltic represented EIB in signing an operational agreement with Šiaulių bankas for establishment and management of EUR 275 million renovation fund. It is the first fund of this type in Europe, intended for performance of a public function
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05.04.2022 | LithuaniaTGS Baltic advised Vilnius Jesuit High School in establishing the Europe’s first school-based untouchable capital fund
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31.12.2020 | LithuaniaTGS Baltic represented the European Investment Bank on signing an exclusive deal with Šiaulių bankas for the establishment and management of a EUR 200 million renovation fund
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11.12.2020 | LithuaniaTGS Baltic represents Alytaus Šilumos Tinklai and the Alytus City Municipality in the dispute against Litesko
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23.11.2020 | LithuaniaTGS Baltic successfully advised Klaipėdos nafta regarding the implementation of the second stage of Lithuania’s long-term LNG import solution – state guarantee for acquisition of the Floating Storage and Regasification Unit (FSRU)
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31.03.2020 | LithuaniaTGS Baltic successfully defended interests of Klaipėdos nafta in the claim of almost EUR 6 million
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20.09.2019TGS Baltic advised Klaipėdos Nafta in negotiations on changing financing mechanism for Klaipėda LNG terminal in Lithuania
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28.06.2019TGS Baltic advises Amber Grid
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20.06.2019 | LithuaniaTGS Baltic advised the Ministry of Finance of Lithuania on two eurobond issues with a total value of EUR 1.5 billion
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01.06.2019 | LithuaniaTGS Baltic advised the European Investment Bank (EIB) on the financing of energy efficiency projects
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21.05.2019 | LithuaniaTGS Baltic advises UAB Vilniaus kogeneracinė jėgainė
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20.05.2019 | LithuaniaTGS Baltic represents the Vilnius City Municipality
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20.05.2019 | LithuaniaTransfer of Vilnius City heating infrastructure
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20.05.2019 | LithuaniaTGS Baltic represents the Ministry of Energy of the Republic of Lithuania
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20.05.2019 | LithuaniaTGS Baltic advises on implementation of projects on modernization of the district heating sector in Vilnius and Kaunas
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20.05.2019 | LithuaniaTGS Baltic represents the clients in the ongoing dispute against UAB Litesko
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20.05.2019 | LithuaniaTGS Baltic advises EPSO-G on main corporate governance matters
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01.02.2019 | LithuaniaTGS Baltic represented Ūkio Bankas against Deloitte Lietuva and Deloitte Touche Tohmatsu Ltd
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21.01.2019 | LithuaniaTGS Baltic’s team successfully defended Bank Snoras
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30.07.2018 | LithuaniaTGS Baltic advised TBF Finance on obtaining a payment institution license from the Bank of Lithuania
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15.07.2018 | LithuaniaTGS Baltic has advised MAXIMA GRUPĖ in restructuring the corporate governance structure
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15.06.2018 | LithuaniaTGS Baltic represented AB Klaipėdos nafta in dispute against UAB Rudesta
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08.12.2017 | LithuaniaInfrastructure-related SCC arbitration between the Latvian company AS BMGS and AB Klaipėdos nafta regarding the EPC contract
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17.10.2017 | Estonia, Latvia, LithuaniaTGS Baltic ranks high in IFLR1000
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20.08.2017 | LithuaniaProvided advice to AB Lietuvos geležinkeliai
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31.03.2017 | LithuaniaTGS Baltic advised Valeant Pharmaceuticals International, Inc. on financing through credit facility and additional bond issue
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02.01.2017 | LithuaniaTGS Baltic advised the European Investment Bank (EIB) on the implementation of the fund of funds
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23.12.2016 | LithuaniaTGS Baltic advised the European Investment Bank (EIB) on the creation of the leveraged fund
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12.12.2016 | LithuaniaTGS Baltic advised Lietuvos energija, UAB on financing of new combined heat and power (CHP) plants in Vilnius
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01.12.2016 | LithuaniaTGS Baltic advised UAB Šilutės vėjo projektai on revision of finance documents
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30.06.2016 | LithuaniaTGS Baltic advised Mulga, UAB on extension of the loan facility
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06.06.2016 | LithuaniaEIB and Šiaulių bankas renew support for urban renewal in Lithuania
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31.03.2016 | Latvia, LithuaniaTGS Baltic advised Swedbank on its acquisition of Danske Bank’s personal banking business
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28.02.2016 | LithuaniaTEGOS advised Nordea Bank Finland Plc. on restructuring of the syndicated loan for OneMed
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11.06.2010 | LithuaniaTGS Baltic provided detailed consultations to a Scandinavian capital bank
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Publications
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LRT, February 2025 | LithuaniaWhat is important for businesses to know in 2025?
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14.02.2024 | Lithuania“There is a capitulation mood in the West, but we still have ways to stop Russia”
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17.03.2022 | LithuaniaTGS Baltic has been recognized by the Legal 500 Global Green Guide
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