Sorainen Belarus advised Apalon Technologies, a Belarus-based Top 10 developer of iOS applications worldwide, on sale of its mobile applications business to Mindspark Interactive Network, an operating business of NASDAQ-listed InterActive Corp. The financial terms of the deal, which was closed on 3 November 2014, remain confidential. Apalon Technologies Ltd is a leading provider of mobile […]
Sorainen Belarus acted as local counsel for the Eurasian Development Bank (EDB) on the extension of a USD 15 million loan to the “Vasily Kozlov” Minsk Electrotechnical Plant (METZ). The loan agreement was signed in Minsk on 18 August to finance modernisation of equipment used in production of transformers. Total project value exceeds USD 55 […]
Sorainen has advised Nordea, the largest financial services group in northern Europe, on the transfer of its Baltic banking business, operated by Nordea Bank Finland in Estonia, Latvia and Lithuania, to its Swedish parent company Nordea Bank. This was the first transfer of a pan-Baltic credit institution business as a going concern of such scale […]
Sorainen Belarus jointly with the Moscow office of Chadbourne & Parke is advising on trust management arrangements with regard to MAZ and KamAZ shares in the context of potential formation of a holding company. MAZ and KamAZ are the automotive giants in the Republic of Belarus and the Russian Federation respectively. The majority shareholder of KamAZ is Russian state corporation Rostec. […]
Sorainen Belarus assisted Sumitomo Electric Bordnetze, a group company from the Sumitomo Electric Industries Group, headquartered in Japan, in setting up a contractual joint venture with a Belarus-based manufacturer. The joint venture was implemented for supplying Volkswagen Group Russia with wire harnesses. The project is a major step in enlarging the activities of Sumitomo Electric […]
