We advised a major commercial vehicle manufacturer in proceedings concerning environmental pollution near the client’s facility in eastern Latvia. The authorities had issued a ruling that our client was the responsible party for the pollution. We advised client throughout the investigation process as well as in the dispute stage with the authorities. In particular, Sorainen represented […]
The project VPH, a developer and manager of world-class commercial real estate across the Baltics and Belarus, has acquired a plot of 14.45 hectares in Stopiņu novads (Latvia) from Verus Praedium (owner of the IKEA store in Latvia), for development of a new lifestyle shopping centre Sāga. Sāga is located next to the IKEA store […]
Marubeni-backed MM Capital Infrastructure Fund 1 from Japan has signed an agreement to acquire a 29.06% interest in joint-stock company Conexus Baltic Grid, a unified natural gas transmission and storage operator in Latvia. Following a competitive sales procedure, MM Capital Infrastructure Fund 1 agreed to acquire the shareholding in Conexus Baltic Grid from Marguerite Gas […]
Sorainen advised Marketing Investment Group (MIG) on acquiring more than 10 stores in Lithuania and Latvia from retail company Bogvila. MIG, a Polish retailer operating in the footwear and clothing market for over 25 years, has developed such well-known retail chains as Sizeer, 50 Style, Symbiosis and UP8. MIG currently provides consumers with products from […]
Sorainen advised the Latvian subsidiary of Antalis, a leading global paper and packaging distributor operating in over 43 countries, in the sale and leaseback of an industrial plant located in Latvia, with an approximate transaction value of 4 million EUR. Sorainen advised the client through drafting the real estate sale and lease agreement, negotiations between […]
