We advised the pan-European fintech startup, Salto X, on raising EUR 5.2 million in order to introduce its Incentive Tokens Plans to companies wanting to retain and recruit quality talent. The seed funding round was led by ByFounders and Blockwall. New York-based Box Group, crypto fintech 3Commas, and angels such as Liu Jiang (ex-Sequoia GP) & Alex Gluchkowski […]
We provided legal support to PrivatBank in transferring its client portfolio and part of its assets and liabilities to Industra Bank. The total of the loans included in the transaction was approx. EUR 25 million, and the amount of deposits exceeded EUR 50 million. The transaction received the permission of the Financial and Capital Market […]
Publication / Lina Ragainytė-Mezenė
The Law on Securitisation and Covered Bonds, as well as related amendments to other legal acts, have recently entered into force in Lithuania. The amendments aim to contribute to the development of Lithuania’s capital market and to broaden the diversity of sources of funding. The new regulations will give financial institutions more opportunities to raise […]
Sorainen provided tax and legal services to IPAS INDEXO for the development and implementation of a share option plan for the management and the employees of the company. During the development of the share option plan, we analysed and assessed various options for the share option plan structure from a tax and legal perspective and […]
Deals & Cases / Augustas Klezys, Dalia Augaitė, Eglė Martinaitytė
We advised the investment company Atsinaujinančios energetikos investicijos, managed by Lords LB Asset Management, on a second four-year green bond issue, with a total value of EUR 10 million. The main distributor of the bond issue was Luminor bank. This is the second placement of the Atsinaujinančios energetikos investicijos under the EUR 100 million bond […]