Sorainen advised Olympic Entertainment Group on the merger of two regulated businesses in Lithuania. Orakulas, including its assets, obligations and rights, is now merged into Olympic Casino Group Baltija. Olympic Entertainment Group is a leading group of gambling companies, with operations in the Baltic States, Slovakia, Italy and Malta. After the merger, Olympic Casino Group […]
Sorainen advised Harbortouch, a major provider of touch-screen point-of-sale (POS) systems and payment services in the USA, on launching operations in Vilnius. A product creation and development unit in Vilnius is to employ 80-90 people over the next few years; plans also involve establishing a global call centre in the Vilnius office. According to Jared […]
On 7 March 2016, after evaluating reports prepared by PricewaterhouseCoopers, the Lithuanian Competition Council (“Council”) confirmed that Polish insurance company PZU, which acquired 100 % of the shares in Lietuvos draudimas, had timely and properly fulfilled the merger conditions and obligations set by the Council on 9 March, 2014 when issuing a clearance decision for […]
