FinEst Bay Area Development signed a memorandum of understanding for EUR 15 billion in financing with China’s Touchstone Capital Partners for an undersea train tunnel project linking Helsinki with the Estonian capital Tallinn. FinEst Bay Area raised the first external funding of EUR 100 million from Dubai-based construction company ARJ Holding in December 2018 and is seeking […]
Sorainen is advising the European Bank for Reconstruction and Development (EBRD) in connection with a second lending to Modus Group: a loan of USD 11.3 million will be used for construction of two biogas power plants with total installed capacity of 3MW in Belarus. In 2018 Sorainen advised the EBRD in connection with the first […]
We represented Kaefer, a construction services provider, in a landmark dispute where the Estonian courts explained the principles of burden of proof in cases involving a claim for remuneration under a contract for services. Kaefer had concluded a contract for services with Isoest, under which Isoest had to insulate the pipes in a cogeneration plant. […]
Sorainen advised venture capital fund Open Circle Capital on investing EUR 300,000 in the Whatagraph platform. The other half of the sum was invested by the founders themselves, brothers Justas, Tomas and Andrius Malinauskas. Open Circle Capital manages assets of more than EUR 20 million and invests in Lithuanian companies that produce products in high-tech […]
Sorainen successfully represented former board members of Investment and Business Guarantees (Invega) – a company subordinate to the Lithuanian Ministry of Economy ‒ in an appeal case heard at Vilnius Regional Court concerning a bonus payment to a former manager of Invega. The Ministry of Economy appealed the decision of the Vilnius City District Court, […]
