We acted as legal advisor in Estonia, Latvia and Lithuania for OP Corporate Bank in financing Veho Group. The mandated lead arrangers in the syndicate were OP Corporate Bank, Nordea Bank and Danske Bank. Syndicated financing was the method used to finance the acquisition of Silberauto enterprises. Silberauto, established in 1990, is one of the […]
We assisted US bank JP Morgan and French bank BNP Paribas in organising a five-year bond issue with a total value of USD 300 million for Avia Solutions Group – a Lithuanian aviation services group ‒ at an annual interest rate of 7.875% and a maturity date of 2024. The bonds were issued in US […]
Sorainen Belarus supported a major Russian bank with a cross-currency interest rate swap with a Belarusian corporate. The transaction was based on the Russian ISDA Master Agreement, the regional analogue of the ISDA Agreement (RISDA). To our knowledge, this is the first ever cross-border derivative transaction with a counterparty from the Belarusian corporate sector. Our […]
We represented Auto praba – a transportation and logistics service provider – in a dispute with a customer and Russian customs regarding wrongly delivered cargo. Our client claimed to compensate a penalty imposed by Russian customs on the customer for violation of customs procedures. Following the negotiations the claim was reduced by more than 80% […]
A foreign company represented by our team won a case concerning recognition of a foreign arbitral award in Lithuania. Debtor claimed that damages were punitive A dispute over implementing a sale and purchase agreement between the company and its debtor was resolved by a foreign arbitration tribunal in favour of the company. After the company […]
