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On 23 February 2018, the European Central Bank (ECB) determined that ABLV Bank, then the third largest bank in Latvia, was failing or likely to fail in accordance with the Single Resolution Mechanism Regulation. The ECB also determined that ABLV Bank Luxembourg, a subsidiary of the Latvian bank, was failing or likely to fail. The […]
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Sorainen has been advising Hewlett Packard Enterprise (HPE) on contracting Swiss-based ALSO Holding to run its sales and services business in Lithuania, Ukraine and Belarus. US-based HPE provides IT, technology and enterprise products, solutions and services worldwide. ALSO Holding offers services at all levels of the ICT value chain. Under the agreement, ALSO will set […]
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Sorainen Belarus, jointly with Sorainen Lithuania, acted as Belarusian and Lithuanian counsel for the European Bank for Reconstruction and Development (EBRD) in connection with a USD 15 million loan to Modus Group. The loan aims to finance constructing, equipping and putting into operation four biogas plants with total installed capacity of 4MW to be located […]
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Sorainen assisted Vienna Insurance Group AG Wiener Versicherung Gruppe in obtaining Lithuanian Competition Council approval to acquire 100% of Seesam Insurance shares from Finnish financial services company OP Financial Group. Estonian insurance company Seesam Insurance operates in all three Baltic Countries. Its offices in Lithuania, Latvia and Estonia employ 335 staff. Vienna Insurance Group is […]
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Sorainen assisted the co-investors in their equity investment in the Targetprocess company group, a highly-ranked Belarusian developer of Agile-based project portfolio management systems providing IT-solutions to over 1,000 companies from 80 countries worldwide. The company has offices in Belarus, the USA, Germany and the United Kingdom. Zubr Capital is the first professional private firm managing […]
