We advised Nordea Bank and DNB, major financial services groups in northern Europe, on the financing that Nordea and DNB provide to Luminor Group for developing Luminor’s lending activities, group liquidity buffers and refinancing existing debt. Securing the financing We also advised Nordea and DNB in negotiating a highly bespoke collateral package to secure the […]
Eight international startups have been selected for the Wise Guys Fintech 3 accelerator program that has just started in Vilnius, Lithuania. As a strategic partner of the program we will be mentoring the selected startups during Regulatory Week and providing free-of-charge initial support in fintech licensing. Comments Sorainen partner Augustas Klezys: “We are truly excited […]
We are pleased to announce having advised Xllnc Nordic on the acquisition of Replace, acting as local advisors through Hansen Law, a world-class Swedish boutique law firm. Replace delivers mobile and IT equipment recycling services to large Nordic and European enterprises, while Xllnc delivers IT lifecycle management solutions to large corporations, the public sector and […]
Publication / Augustas Klezys, Laura Matukaitytė, Dalia Augaitė, Liutauras Vasiliauskas
On 17 October 2019, the Bank of Lithuania released Guidelines on Securities Token Offerings. The primary goal of the Guidelines is to provide clarity regarding the legislation on tokens that have features of securities. The Guidelines lay out the neutrality regulation policy exercised by the Bank of Lithuania in regard to technology, meaning that regardless […]
We advised Baltic Horizon Fund in arranging private placements of fund units raising a total of EUR 16.5 million. Private placements were arranged in relation to the latest property acquisition of the fund – North Star Business Centre in Vilnius, Lithuania. As part of the transaction the seller of North Star Business Centre, UAB Prosperus […]