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Sorainen assisted Akce Holding Malta in establishing the European Merchant Bank in Lithuania and obtaining a specialised bank licence. The licence was issued by the European Central Bank at the request of the Bank of Lithuania. Akce Holding Malta is among the first Lithuanian banking market participants to be granted a specialised bank licence. Akce […]
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The Sorainen cross-border team advised Nordea and DNB as Lenders on changes to the funding to Luminor Group in relation to the sale of 60% shares of Luminor Group to a consortium led by private equity funds managed by Blackstone. According to the Nordea press release, “in addition to the upfront sale and forward sale […]
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Mobile payment platform MoQ has launched its activities in Lithuania. The platform is managed by Mobilieji mokėjimai, a company founded by three biggest competitors in Lithuanian telecommunications sector – Telia Lietuva, Tele2 and Bitė Lietuva. This is the first mobile payment platform in the Baltics and the first such project in European practice to be […]
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Sorainen Belarus, jointly with Sorainen Lithuania, acted as Belarusian and Lithuanian counsel for the European Bank for Reconstruction and Development (EBRD) in connection with a USD 15 million loan to Modus Group. The loan aims to finance constructing, equipping and putting into operation four biogas plants with total installed capacity of 4MW to be located […]
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Deals & Cases / Augustas Klezys, Urtė Armonaitė, Inga Macijauskaitė
Sorainen advised Valyuz on establishing a company in Lithuania and obtaining an e-money institution licence from the Bank of Lithuania. Valyuz is a fintech company planning to provide a cutting-edge alternative solution to traditional banking and to become a platform-of-choice for international corporate clients in the technology sector. Valyuz is planning to offer electronic money […]
