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We advised Danielius Merkinas and Česlovas Kazlauskas – the founders of domestic logistics service provider NNL LT – on acquiring a 44% stake in NNL LT from Litcapital through an acquisition vehicle. NNL LT is a leading logistics service provider focused on temperature-controlled goods, operating in Lithuania and Latvia. Consolidated revenue of the business exceeded […]
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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 […]
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We advised telecommunications company Bitė on signing an agreement with the Lithuanian Radio and Television Centre (Telecentras) on the acquisition of Telecentras‘ internet, data transmission and IPTV business under the Mezon brand. The transaction, valued over EUR 20 million, has to be approved by the Competition Council and regulatory authorities. Mezon internet used by 97,000 […]
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News
We are honoured to have received the Baltic States Tax Firm of the Year award at the ITR European Tax Awards 2020. The award, recognising the firm’s remarkable achievements and developments in the tax field, went to Sorainen for the ninth time. Says Jānis Taukačs, head of our Tax practice in the Baltics and Belarus: […]
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Excise and company takeover SRS ruling (No 10-10/4612) has been published regarding coffee capsules obtained as a result of a company transfer. The Applicant’s economic activities were basically office coffee services for which the Applicant had received the status of an excise warehouse holder. An agreement had been reached that the Applicant would purchase an […]
