SORAINEN advised Delta Property on the extension of the Alfa shopping centre in Riga with a total project value of approx EUR 40 million. SORAINEN reviewed and elaborated the construction tender documentation and drafted special conditions under the FIDIC Red Book that were tailored for development of several stages and parallel operation and construction. The […]
SORAINEN Latvia assisted Rigaburger, operator of the Hesburger restaurant chain in Latvia, on acquisition and development of land plots (e.g. at 4 Katoïu street and 7 Skanstes street) in Riga. SORAINEN assisted the client with structuring the transaction and drafting related agreements and documents. The transactions combined involved investment of over EUR 1 million to […]
SORAINEN Lithuania advised major Lithuanian telecommunications company Tele2 on obtaining limited electronic money institution licensing, which allows provision of payment services and issue of e-money in Lithuania. Tele2 became the first telecommunications company in Lithuania to obtain an electronic money institution licence along with the right to provide a much wider range of payment services, […]
SORAINEN Lithuania advised the very first Lithuanian payment initiation service provider, Mistertango, on providing payment initiation services in an unregulated market. On 8 October 2015 the European Parliament voted to pass the revised Directive on Payment Services (the PSD2). However, the PSD2 has not yet been implemented in Lithuanian legislation so that some legal uncertainty […]
SORAINEN assisted a consortium of AMP Capital Investors and Infracapital Partners II in acquiring one hundred per cent equity stake in Adven Group, a provider of sustainable and business critical energy infrastructure and services in Finland, Sweden and Estonia. The new owners see significant growth potential in the business over the next five to seven […]
