-
Private Jet Media Limited has reached a settlement with its competitor
We represented Private Jet Media Limited, a private airline advertising company, in a case against its direct competitor, FBO Group. Various procedural issues were dealt with in the case. The higher courts had to deal with the question of the jurisdiction of the action brought before the courts of the Republic of Lithuania. After almost […]
-
Invalda INVL completes the acquisition of Mandatum Life’s Baltic insurance business
We assisted asset management group Invalda INVL in completing the acquisition of Mandatum Life’s Baltic insurance business. Mandatum Life is one of Finland’s largest life insurance companies, which also operates in the Baltics through branch operations across Lithuania, Latvia, and Estonia. INVL will now be able to offer both existing and new clients additional tailored […]
-
Certares enters into strategic partnership with Avia Solutions Group
Certares, a US-based investment specialist dedicated to the travel, tourism and hospitality sectors, acquired a stake in Avia Solutions Group (ASG). Certares will provide a EUR 300 million structured equity investment to ASG. The transaction is subject to customary conditions and approvals and is expected to close in Q4 2021. Our pan-Baltic team conducted legal due […]
-
The Supreme Court of Lithuania makes a case law decision in a dispute over insolvency proceedings
We successfully represented our client before the Supreme Court of Lithuania in a case over the possibility of appealing the initiation of insolvency proceedings by cassation. The court dismissed the opponent’s claim and established the case law that cassation of a court’s decision to initiate insolvency proceedings is not possible. The new case law ensures […]
-
Chambers Europe rankings: Sorainen further strengthens its position in the Baltics
In the recently released Chambers Europe rankings, our Employment team was moved up to Tier 1 in Lithuania. In total, we received fifteen Tier 1 rankings in the Baltics and Belarus. Additionally, two new lawyers across different teams – Kaupo Lepasepp (EE) and Māris Simulis (LV) – joined the list of notable practitioners. Four Sorainen […]