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The first Belarus-operated store of the world-renowned pizza take-out and delivery chain, Papa John’s, has opened in Minsk, the capital city. Sorainen Belarus office assisted with adjusting the client’s franchise and subfranchise agreement to local law requirements, designing the overall legal scheme of local operations and registering the agreements with the local patent authority. The […]
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On 5 March, the European Court of Justice delivered a judgment that found the sales tax imposed from 1 June 2010 to 31 December 2011 in Tallinn, Estonia, to be a violation of EU law and the excise duty directive. This means that illegally collected sales tax must be returned to companies, with interest. Our […]
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Sorainen Belarus is acting as local counsel for the European Bank for Reconstruction and Development on an extension of a EUR 10 million loan for Evrotorg to finance the company’s investment projects. Evrotorg (trade network Evroopt) is one of the biggest commodity market operators in Belarus. So far, Evroopt has 123 shops throughout the country, including […]
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Sorainen Belarus advised Signature Investment Group (SIG) on its acquisition of Korona, operator of the largest retail trade centre in Grodno, Belarus. The total area of the trade centre is approx 20,000 m² and is almost entirely leased to 800 tenants. SIG is a global investment firm with offices in the US (New York) and […]
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Sorainen Belarus and Lithuania advised International Finance Corporation (IFC) on provision of a USD 7 million (approx EUR 5.33 million) facility to OMA, a leading Belarusian home improvement goods and DIY (do-it-yourself) retailer and wholesaler jointly owned by Belarusian and European shareholders, including Kesko Group (Finland) and Senukai Group (Lithuania). Currently, OMA has branches in […]
