Deals & Cases
Sorainen represented Lytagra in a dispute regarding an inspection report prepared by Kaunas Territorial Customs office and revoking the decision of the Customs Department. The Lithuanian Supreme Administrative Court annulled a Court of First Instance and Customs Department ruling according to which Lytagra had to pay more than EUR 570 000 in definitive anti-dumping duties, […]
Deals & Cases / Agris Repšs,
Sorainen has been assisting Francorp Baltic, the regional representative of the world’s largest franchise consulting firm, in preparing franchise agreements to be used by Francorp Baltic clients. Agreements prepared by Sorainen cover franchises for operating chocolate shops, restaurant chains, indoor skydiving providers, translation agencies and many other businesses. In all cases the agreements were tailored […]
Sorainen assisted the Lithuanian Ministry of Finance in successfully pricing an offer of EUR 450 million (nominal value) Eurobonds that will be consolidated to form a single series of 20-year Eurobonds issued last year. Before the addition the issue size was EUR 750 million but has now reached EUR 1.2 billion. Said Rasa Budbergytė, Lithuanian […]
Sorainen is advising the Estonian Development Fund, a public institution established by the Estonian Parliament to support improvements in the Estonian economy through investment in knowledge- and technology-intensive Estonian business in the start-up phase, and SmartCap, a venture capital fund management company established by the Estonian Development Fund to manage venture capital Early Fund II, […]
Sorainen is advising Betsson on the acquisition of gaming operator Lošimų strateginė grupė, trading as TonyBet in Lithuania. Betsson is acquiring Lošimų strateginė grupė through wholly owned subsidiaries and deal closing is expected to take place within a month. The initial acquisition consideration is EUR 4.0 million. TonyBet is the second largest licensed online operator […]
