The Estonian Parliament adopted the Foreign Investment Reliability Assessment Act on 25 January 2023. The Act is set to enter into force on 1 September 2023. The primary objective of the Act is to screen both direct and indirect investments made by non-EU investors in strategically important and sensitive areas in Estonia.
Sorainen advised BITE Latvija, one of the biggest ICT companies in Latvia providing mobile and fixed communication services, on a major legal project involving obtaining of the rights to use frequencies enabling 5G services. In order to start providing 5G services, Bite Latvija needed to acquire permission from the Latvian Public Utilities Commission (PUC) to […]
Our Employment team prepared Employment card 2023 – a handy comparison of the main employment law rules in the Baltics. Read it here.
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Sorainen now has remote working spaces in Tartu – we opened our Tartu HUB on 10 February. The hub has two office rooms with workspaces and a larger meeting room. The hub has everything necessary for a comfortable working environment – a kitchen, IT solutions and fun artwork. Great teamwork environment The hub enables Tallinn […]
As of 1 November 2022, stricter requirements for the activities of virtual currency exchange operators and depository virtual currency monetary operators (VASP) entered into force in Lithuania. These requirements are provided by the amendment to the Money Laundering and Terrorist Financing Prevention Law of the Republic of Lithuania (PPTPF Law). Among the new requirements, minimum […]
