We assisted the client, a business established in Hong Kong belonging to a group of Spanish-based IT and telecommunications entities, in recovering funds (approx. EUR 1 million) that were arrested in Latvia as part of criminal proceedings. The client’s funds were considered to possibly be suspicious and relating to money-laundering activities. In the past couple […]
We advised a large forest management company, the owner of more than 7,000 hectares of forest and agricultural land in Latvia, on its exit from the Latvian market by selling its subsidiaries to Baltic Green Fund. Our team Our team assisted the client in negotiating certain aspects of the transaction, drafting transaction documentation, and signing […]
Sorainen team is advising Nordic Investment bank, an international financial institution; and Citadele banka, one of the leading banks in Latvia, on providing financing to AS PN Project, a company managed by Lords LB Asset Management, for construction of an office complex certified excellent by BREEAM in Riga (Project). Our involvement We performed legal due […]
Sorainen, in cooperation with Wolf Theiss Poland, assisted iCotton, a manufacturer of high-quality hygiene and cosmetic products, which is one of the industry leaders in innovation and has production facilities in Latvia and Poland, in obtaining financing from ALTUM capital fund (ALTUM Kapitāla fonds) worth EUR 10 million. Obtained loan The loan obtained will improve […]
Deals & Cases / Sergej Butov, Jānis Bite, Vaiva Mašidlauskienė, Laura Matuizaitė-Mikštė, Piret Jesse, Pirkko-Liis Harkmaa, Triin Ploomipuu, Mirjam Vichmann, Liisa Maria Kuuskmaa, Marcus Niin, Andra Grünberg, Eva Lennuk, Eva Berlaus, Zanda Frišfelde, Linda Sarāne-Reneslāce, Māris Simulis, Agneta Rumpa, Līva Aleksejeva, Asta Augutytė-Rapkevičienė, Kęstutis Švirinas, Jurgita Karvelė, Kazimieras Karpickis, Stasys Drazdauskas, Auksė Trapnauskaitė, Vitalija Impolevičienė, Svetlana Rudaja, Julija Kirkilienė, Goda Drąsutė, Juliana Pavilovska, Gabrielė Raižytė, Sidas Sokolovas, Sandra Aleksandravičienė, Erikas Linkevičius, Barbora Bernatonytė, Simonas Šlitas
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 […]
