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We advised Solarisbank AG, Europe’s leading Banking-as-a-Service platform, on an acquisition of Contis Group Ltd, which provides full back-end & front-end payments services. Companies have successfully brought their previously disclosed partnership to completion, entering into a definitive business combination agreement. With a valuation of EUR 1.4 billion, Solarisbank and Contis expand their leadership in the […]
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Deals & Cases / Ieva Andersone, Anna Bogdanova, Jūlija Terjuhana
In 2021 Sorainen Latvian office assisted two clients in developing binding cooperate rules (BCR) under Article 47 of the General Data Protection Regulation (GDPR). According to GDPR requirements, the BCR is one of the permissible mechanisms for transferring personal data to countries outside the European Economic Area. About BCR The BCR is a legally binding […]
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Deals & Cases / Ieva Andersone, Anna Bogdanova, Marks Segliņš
We provided pro bono legal assistance to members of the HackForce #HackforUkraine hackathon, who have set up an online platform to support Ukrainian war refugees. The platform is available here – https://propozycii.lv About Propozycii The aim of the platform is to gather information for Ukrainian refugees so that online they can easily navigate the services […]
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In light of the Russian invasion of neighbouring country Ukraine, Russia has encountered sweeping condemnation and severe, previously unseen sanctions from the member states of the European Union, the USA, Canada, and other European countries. These sanctions have delivered a blow to the Russian economy. The rouble’s value has nose-dived, and multiple foreign companies have […]
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The Constitutional Court pronounced a ruling in which it acknowledged that the prohibition on carrying out commercial activities at large shopping centres imposed on JYSK from 7 April 2021 to 19 May 2021 unlawfully restricted the property rights of JYSK and created unjustified unequal treatment towards other merchants. COVID-19 restrictions on trade With the aim of reducing the spread […]
