Sorainen is advising Lenndy – one of the first crowdfunding platforms in Lithuania. The Lenndy platform is based on a sharing economy and allows investors to acquire rights of claim emerging from business loan agreements already concluded. Lenndy operates under the hybrid crowdfunding method, adapted to the Lithuanian regulatory environment and marketing trends. Comments Donatas […]
Sorainen advised Nordea, the largest financial services group in northern Europe, on combining operations with DNB in Estonia, Latvia and Lithuania to create the leading main bank in the Baltics with strong Nordic roots. “Combining knowledge of the Baltic market, close cooperation with our customers and developments in digital banking, Nordea has over the years […]
Sorainen assisted Fauga, Viking Industrier and Byggleverandorene to appeal binding rulings on the transfer of losses in cross-border situations. The Supreme Administrative Court adopted a favourable decision, confirming that binding rulings have legal consequences to a taxpayer, even though under the legal acts they are only binding to the tax authority and not a specific […]
Sorainen assisted Virtualių paslaugų operatorius in a tax dispute related to the application of a VAT exemption for payment services. Sorainen advised the client in the last stage of a tax dispute in which all the earlier stages were unsuccessful for the client. The Supreme Administrative Court upheld the position expressed in the appeal claim […]
Sorainen Belarus advised a Chinese consortium that included online game developer and operator Shanghai Giant Network Technology Co, on Belarusian aspects of acquisition of Playtika, the social and mobile games company based in Herzliya, Israel, owned by Caesars Interactive Entertainment, with a strong development team located in Minsk, Belarus. Sorainen team, which included partner Maksim Salahub, […]
