Sorainen Latvian office acted as Latvian law adviser to the joint lead managers Citigroup, Luminor Bank, Nordea and UniCredit on the issuance by Citadele banka of 200 million EUR in notes, due in 2026. The purpose The purpose of the issuance is to meet the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). Proceeds […]
Publication / Liutauras Vasiliauskas
Our Fintech team have prepared a reminder to all payment service providers holding a payment institution licence issued by the Bank of Lithuania of the following reporting obligations: Statistical reporting on payments and fraudulent payments (every three and six months respectively) Reporting on payment service charges (five working days before service charges start to apply) […]
We advised Baltic Mill, a Baltic grain processing group, on its successful two-year bond issue, which has a total value of EUR 3 million. With this bond issue, organised by Šiaulių bankas, our client refinanced a two-year bond emission issued in 2019, with redemption taking place on 4 November 2021. Vygantas Reifonas, CFO of Baltic […]
Deals & Cases / Ann Laevskaya, Artem Melnikovich
We advised a Chinese financial institution in connection with the provision of a credit facility to the Belarusian subsidiary of an international group of companies headquartered in China. Our services and team Our team assisted the client at all stages of the transaction, including corporate legal due diligence on the borrower, revision of the transaction […]
We advised the French asset manager Eiffel Investment Group on providing EUR 20 million in funding to the renewable energy company Green Genius. The funds will be used to complete the development of solar power plants in Italy and Spain. Innovative financing for diversified projects Pierre-Antoine Machelon, Managing Director and CIO Energy Transition at Eiffel Investment […]