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Change Ventures invests in EngyCELL
We are pleased to have supported Change Ventures with their investment in EngyCELL, a Latvian-based provider of personalised energy storage solutions. About the case EngyCELL offers personalised energy storage solutions that help users reduce energy costs, gain energy independence and participate in the energy market. Change Ventures, a leading Baltic venture capital fund, has invested […]
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Energix Group acquires 470 MW renewables project in Lithuania
We advised international renewable energy company Energix Group on the acquisition of 100% of the shares in Taupi energija from the Danish company European Energy. The acquired company is developing a 144 MW capacity wind park and up to a 330 MW capacity solar park in Jonava, Lithuania. As agreed, European Energy will develop the […]
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Acting for DelfinGroup and ViziaFinance before the Latvian Constitutional Court regarding a corporate income tax surcharge and how it is calculated
Sorainen is representing consumer lenders DelfinGroup and ViziaFinance before the Constitutional Court regarding a new corporate income tax surcharge. As of 1 January this year, a new Latvian law has obliged consumer lenders to pay a surcharge of 20% of the previous year’s profits on top of corporate income tax (CIT). The legislator argues that […]
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Acting for West Kredit before the Latvian Constitutional Court regarding a corporate income tax surcharge and how it is calculated
Sorainen is representing consumer lender West Kredit before the Constitutional Court regarding a new corporate income tax surcharge. As of 1 January this year, a new Latvian law has obliged consumer lenders to pay a surcharge of 20% of the previous year’s profits on top of corporate income tax (CIT). The legislator argues that consumer […]
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Representing 4finance before the Latvian Constitutional Court regarding a corporate income tax surcharge on flow-through dividends
Sorainen is representing the consumer credit service provider 4finance before the Constitutional Court in a dispute with the legislator regarding the procedure for calculating and paying the new enterprise income tax (EIT) surcharge. As of 1 January this year, the legislator has obliged consumer credit service providers to pay an EIT surcharge of 20% of […]