Sorainen
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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 years. […]
SORAINEN Lithuania advised a company from the Inreal group on the acquisition from Litectus of a business centre at 92, Þalgirio street, Vilnius. The transaction was organized by Inreal valdymas, a leading Lithuanian real estate company. The nine-storey business centre, located in a convenient and rapidly developing part of the city at 92, Þalgirio Street, […]
SORAINEN Estonia advised Creditinfo Group on acquisition of Estonian credit bureau Krediidiinfo from Experian. Krediidiinfo has been operating since 1993 and is engaged in corporate economic and financial data collection, processing and analysis. Hosting Estonia’s largest corporate and private database, Krediidiinfo currently has more than 16,000 companies, both domestically and abroad, utilising their credit reporting services. Mr Hakon […]
