Sorainen Latvia provided legal support under Latvian law on the sale of m/v ‘Regina Baltica’, registered under the Latvian flag. Assistance included drafting the client’s internal corporate documents, analysing the bill of sale and related documents from the Latvian law perspective, as well as organising deletion of mortgages, deregistering the vessel from the Latvian Ship […]
Deals & Cases
German investor Ralf Dieter Montag-Girmes has sold his stake in Latvia’s national carrier airBaltic to Danish entrepreneur Lars Thuesen. Latvian Prime Minister Mâris Kuèinskis commented that all the latest developments in airBaltic have been taking place in order to strengthen the company. In 2015, Mr Montag-Girmes acquired 20% of the Latvian airline’s shares for an […]
Deals & Cases / Žygimantas Pacevičius, Jurgita Karvelė, Juliana Pavilovska
Sorainen successfully represented Tauragė District Municipality in a court dispute over refusal to employ a person who won a competition for a secondary school manager’s position. The claim was based on discrimination against the person and violation of equal rights. The claimant asserted that the municipality was obliged to conclude an employment contract since she […]
Sorainen advised Technopolis on its acquisition of the Pentagon business centre and nearby area from the Icor group. Total transaction value is around EUR 32 million. Acquisition of the building is already under contract, while acquisition of the area is expected to be completed by the end of 2017. Technopolis is an international real estate […]
Deals & Cases / Paul Künnap, Pekka Puolakka
Sorainen Estonia advised Sanoma Media Finland on divestment of its fully owned subsidiary Sanoma Baltics to a consortium of management team members and a private equity investor BaltCap. Sanoma Baltics operates auto24.ee, the market leader in Estonian online car classifieds, and Kuldne Börs, an online generalist market place, among others. In 2016, the net sales […]
