At the request of the Lithuanian Film Centre we conducted an economic analysis of the situation of Lithuanian cinema operators. It is predicted that due to the global COVID-19 pandemic and the quarantine the Lithuanian cinema industry will have lost around EUR 12 million in revenue. A reduced VAT rate would be an effective state […]
We are advising Bolt, the leading European transportation platform, on a EUR 100 million investment agreement with London-based investment firm Naya Capital Management. This deal boosts the value of Bolt to 1.7 billion euros. Supporting growth Today, one of Europe’s leading unicorn companies, Bolt operates one of the fastest-growing transportation platforms in Europe and Africa. […]
Publication
In an attempt to evaluate the long-term effects of Covid-19 on cinema operators, Sorainen, by the request of the Lithuanian Film Centre, has conducted an economic analysis of the situation. Due to the global Covid-19 pandemic cinema operators in Lithuania are encountering serious challenges – all of the cinemas were closed on 16th March, and […]
We advised telecommunications company Bitė on signing an agreement with the Lithuanian Radio and Television Centre (Telecentras) on the acquisition of Telecentras‘ internet, data transmission and IPTV business under the Mezon brand. The transaction, valued over EUR 20 million, has to be approved by the Competition Council and regulatory authorities. Mezon internet used by 97,000 […]
Selling goods cross-border on electronic channels entails tax liabilities, some of which may come as rather unexpected. Here are some practical issues our clients have encountered, which hopefully may help avoid their mistakes. As long as you sell goods or provide services in your home country, the rules are simple: you do not have to […]
