News
On 7 September, SORAINEN Lithuania associate Artûras Asakavièius will be representing Lithuania at a European Commission Workshop on “Crowdfunding Opportunities and Best Practices in the EU”, where his role will be to inform the other participants about recent developments and likely trends. The Directorate-General Internal Market, Industry, Entrepreneurship and SMEs (DG GROW) strongly supports crowdfunding […]
Sorainen Latvia has drafted anti-money laundering (AML) policies and procedures for several non-banking institutional clients. This required extensive analysis of the clients’ business to ensure that AML law requirements are properly complied with and that, from the client’s commercial point of view, the requirements for AML do not materially affect the clients’ business (for instance, […]
Sorainen Latvia is representing foreign creditors from different jurisdictions (EU and non-EU) in the liquidation of Trasta Komercbanka, a credit institution (bank) registered in Latvia. Our work is related to advising creditors on the liquidation proceedings, drafting and filing creditors’ claims, liaising with the liquidator, resolving issues related to payout within the deposit guarantee scheme […]
SORAINEN Estonian office advised Amanda V East L.P., the fund managed by Finland-based eQ Private Equity, in making investment into DenCap. DenCap already held investment in dental care provider Unimed Group and has now additionally acquired occupational health care service provider Qvalitas. Amanda V East L.P. made the investment as a direct co-investment with BaltCap […]
SORAINEN advised Northern Horizon Capital in upgrading the fund management company licence of its Estonian arm to an alternative investment fund manager (AIFM) licence and in establishing a new public evergreen closed-ended real estate fund. The Estonian Financial Supervision Authority (EFSA) granted the AIFM licence and registered the fund, named Baltic Horizon Fund (Fund), on […]