Deals & Cases
Sorainen team advised a global technology corporation on matters related to the provision of intra-group cash pooling and netting services to Belarusian subsidiaries of the group. Our service In the course of the assignment, the Sorainen team carried out a comprehensive analysis of the cash pooling and netting services provided by the client and how […]
In the recently released Chambers FinTech rankings, our Fintech team has retained the top position in Lithuania for the fourth year in a row. Partners Tomas Kontautas and Augustas Klezys, who lead the team, are also both ranked among the leading fintech experts in Lithuania. According to Chambers, “Sorainen is a go-to choice for Fintech […]
We assisted Luminor Bank in organising and distributing EUR 85 million Restricted Senior Preferred Notes for Šiaulių bankas. The amount of the total outstanding bonds increased to EUR 160 million Šiaulių bankas completed a tap issue of EUR 85 million of last year‘s 4-year senior preferred 1.047% coupon bonds. With a tap issue, the amount of the total […]
We assisted Invalda INVL, the leading investment management and life insurance group in the Baltic region, in signing an agreement with Šiaulių bankas, the largest bank with Lithuanian capital, to merge their retail businesses. The equity value of the deal value – EUR 40.2 million. After the closing of the transaction, the Šiaulių Bankas group, […]
From now on, the obligation to provide certain information to the Bank of Lithuania is also established for companies providing unlicensed financial services. Non-banking financial companies or their branches established in Lithuania providing B2B lending (including mortgage loans) and B2B financial leasing services and meeting the significance criterion will be required to provide the Bank […]