Deals & Cases / Karl Kask / Äripäev
We are representing Põhja-Eesti Hoiu-laenuühistu in a dispute with the savings and loan association ERIAL. The dispute began with an e-mail The dispute began last year, when ERIAL started litigation with the Põhja-Eesti Hoiu-laenuühistu due to an e-mail sent by the latter to its members. In November 2019 Põhja-Eesti Hoiu-laenuühistu sent an e-mail in which […]
Sorainen Belarus assisted the International Finance Corporation (IFC) with the extension to Belaruski Narodny Bank of a loan of up to USD 20 million. The loan is aimed to support the borrower’s working capital, as well as its trade-related lending programme for Belarusian businesses in direct response to the COVID-19 pandemic. USD 10 million of the […]
Virtual currency service providers will have to go through another licensing renewal process with the introduction of a new draft legislative act in Estonia. This time a year ago, virtual currency service providers were busy getting ready for a regulation which ended up causing the revocation of over 1,800 licenses. There are 396 existing licence […]
Sorainen Latvia advised Luminor on taking over a client portfolio in Latvia from Danske Bank’s branch in Lithuania. About the transaction Rūdolfs Eņģelis, head of the firm’s Finance & Insurance practice group, commented, “It is encouraging to observe that the number of complex transactions is gradually increasing in the Latvian financial market, thus confirming the […]
Publication / Monika Tomberg / Äripäev
Guidelines for evaluating the risks associated with money laundering have been completed and were published today. The process was initiated by FinanceEstonia, a financial sector representative organisation in Estonia. The specialist work group was led by our finance and insurance law senior associate Monika Tomberg. Focus on supporting companies The purpose of the guidelines is […]