In the recently released Chambers FinTech rankings, our Fintech team has maintained the top position in Lithuania for the fifth consecutive year. Sorainen has also earned new individual rankings in both Lithuania and Estonia. Well-rounded team with top experts Partners Tomas Kontautas and Augustas Klezys, who lead the team, both retained their positions among the […]
Assistant lawyer Nikola Cīparsone compiled the material. EU Law Commission welcomes G7 leaders’ agreement on Guiding Principles and a Code of Conduct on Artificial Intelligence Published: 30 October 2023 The Commission welcomes the agreement by G7 leaders on International Guiding Principles on Artificial Intelligence (AI) and a voluntary Code of Conduct for AI developers under the Hiroshima […]
Asking for a loan will be safer in the EU after the Council’s final approval of the Consumer Credit Directive Adopted – 9 October 2023 The Council of the European Union has voted to adopt the proposed directive (CCD II) which will revise and replace the Consumer Credit Directive (2008/48/EC) (CCD). In short, CCD II […]
We advised VPH, one of the largest commercial real estate developers in Lithuania; and Riga Retail Park, owner of one of the largest lifestyle shopping centres in Latvia, on receiving a loan totalling EUR 48 million from Rietumu Banka for refinancing. This has been one of the largest loan financing transactions in Latvia in 2023. […]
We advised Liberty Mutual Surety, one of the world’s largest insurance companies, on structuring the business model, insurance products, insurance terms and conditions, and the provision of surety insurance services in Lithuania. Operating since 1912 and headquartered in Boston, USA, Liberty Mutual is the fifth-largest insurer in the world as of 2022, based on the […]