Sorainen represented the European Commission jointly with members of the Commission’s legal service in proceedings before the Court of Justice of the European Union in Luxembourg under a preliminary reference (TFEU article 267). The case concerned a reference by an Estonian appeal court as to proper interpretation of the rules for fees on official controls […]
Sorainen Belarus advised International Finance Corporation (IFC) on providing the Alutech Group of Companies (Alutech) with a EUR 22 million long-term corporate loan to support its strategic growth, expand exports and improve environmental and social standards. The loan is the biggest IFC investment so far in Belarusian companies. Alutech, headquartered in Belarus, is a leading […]
Sorainen Belarus advised Signature Investment Group (SIG) on its acquisition of Korona, operator of the largest retail trade centre in Grodno, Belarus. The total area of the trade centre is approx 20,000 m² and is almost entirely leased to 800 tenants. SIG is a global investment firm with offices in the US (New York) and […]
Sorainen Belarus and Lithuania advised International Finance Corporation (IFC) on provision of a USD 7 million (approx EUR 5.33 million) facility to OMA, a leading Belarusian home improvement goods and DIY (do-it-yourself) retailer and wholesaler jointly owned by Belarusian and European shareholders, including Kesko Group (Finland) and Senukai Group (Lithuania). Currently, OMA has branches in […]
Sorainen Belarus office acted as legal counsel for the European Fund for Southeast Europe (EFSE), the world’s largest microfinance investment fund, on signing a senior loan agreement with Belgazprombank enabling Belgazprombank to borrow USD 30 million from EFSE to expand its housing finance operations and increase lending to micro- and small businesses in Belarus. The […]
