We assisted Bitė Group, controlled by international asset management company Providence Equity Partners, as Lithuanian, Latvian and Estonian law counsel in a refinancing transaction. Total disclosed value of the transaction is EUR 700 million. Largest bond issue by a private Baltic company to date The transaction covers two parts: A bond issue by PLT VII […]
Sorainen helped SIA “Novadu Ziņas” – the publisher of Neatkarīgās Tukuma Ziņas – successfully defend their interests before the Latvian Media Ethics council regarding ethics violations committed by the publisher “Tukuma Balss”. Breaches of the Code of Ethics On 18 June 2020, in light of a complaint submitted by SIA “Novadu Ziņas”, the Board […]
We assisted the Kino pavasaris Vilnius International Film Festival in removing counterfeit copies of the Oscar-winning movie “Parasite” from illegal torrent sites available in Lithuania. The movie was included in the programme of the digital festival held from 19 March–2 April 2020. Some infringers promptly removed the content voluntarily upon demand, while others required us […]
At the request of the Lithuanian Film Centre we conducted an economic analysis of the situation of Lithuanian cinema operators. It is predicted that due to the global COVID-19 pandemic and the quarantine the Lithuanian cinema industry will have lost around EUR 12 million in revenue. A reduced VAT rate would be an effective state […]
Publication
In an attempt to evaluate the long-term effects of Covid-19 on cinema operators, Sorainen, by the request of the Lithuanian Film Centre, has conducted an economic analysis of the situation. Due to the global Covid-19 pandemic cinema operators in Lithuania are encountering serious challenges – all of the cinemas were closed on 16th March, and […]