Sorainen advised venture capital fund Open Circle Capital on its first investment – in Lithuanian start-up Tipi. The company develops information management and communication solutions for teamwork. Open Circle Capital invested along with Silicon Valley fund Sway Ventures and a group of private investors from the USA, the UK, France, Lithuania and Singapore. Total investment […]
Sorainen assisted WePower, a blockchain-based green energy trading platform, in obtaining a ground-breaking ruling from the Lithuanian tax authorities confirming favourable VAT treatment for issuance of cryptographic tokens. The Lithuanian tax authorities issued a positive ruling confirming that ICOs are VAT-exempt, thus allowing the client to save up to USD 7 million. WePower raised USD […]
Sorainen represents Kaspersky Lab, a leading global security software developer, in a defamation law suit against a Latvian politician. The respondent made false allegations about Kasperky’s products and business practices and associated Kaspersky’s activities with espionage. The lawsuit was filed in Riga City Pardaugava court. The client is being advised by Sorainen partner Agris Repšs […]
SEB bank has leased premises in a new business centre currently under construction. The bank has rented almost the whole area of the business centre and signed the highest-value lease agreement in Lithuania so far this year. The project is expected to be finished by 2020. A class ‘A’ business centre with total area is […]
Deals & Cases / Augustas Klezys, Dalia Augaitė, Eglė Mazėtytė
Sorainen advised the international group of companies Modus Group on entering the Nasdaq Baltic First North alternative market. Sorainen is a Certified Adviser to Modus Group on the First North market in Lithuania. Total nominal value of the Modus Group issue is EUR 4,999,900. The annual interest rate is 5%. Modus Group’s bond issue was publicly […]
