Sorainen is acting as lead legal counsel for the shareholders of Palink, the operator of the IKI retail chain, on the sale of 100% of Palink shares to Rimi Baltic. With a total transaction value of EUR 213 million, this is the largest M&A transaction in Lithuania this year. The acquisition of IKI means that […]
Sorainen advised CPA:17 – Global on the acquisition of a modern Class A central logistics facility located in Kaunas and signing a long-term lease agreement with Kesko Senukai, a leading Do-It-Yourself retailer in Lithuania and the Baltic States. The property was purchased for approx EUR 60 million, including associated acquisition fees and expenses. CPA:17 – […]
Sorainen supported Hesburger, one of the largest fast-food regional chains, in launching Belarus franchise. Sorainen assistance involved representing the client in negotiations with franchisee and localising master franchise agreement under Belarus law within a constrained time frame. Sorainen team also provided legal support in termination of the agreement with previous franchisee. The client was advised […]
Kogemus / Agris Repšs,
Sorainen has been assisting Francorp Baltic, the regional representative of the world’s largest franchise consulting firm, in preparing franchise agreements to be used by Francorp Baltic clients. Agreements prepared by Sorainen cover franchises for operating chocolate shops, restaurant chains, indoor skydiving providers, translation agencies and many other businesses. In all cases the agreements were tailored […]
SORAINEN Belarus office assisted Texas Chicken (business of Cajun Global LLC), a U.S.-based chain of fast food restaurants specialising in fried chicken, with establishing of operation of their franchise in Belarus. Work of SORAINEN included the review of franchise agreements, advise on the specifics of the local law, and also help in communications with the […]
