On 3 July 2024 the Council of the European Union published an update to the EU Best Practices for the effective implementation of restrictive measures (Best Practices), which introduced several changes. The Best Practices are to be considered non-exhaustive recommendations of a general nature for the effective implementation of EU restrictive measures (sanctions). They play […]
On 22 July 2024, the European Commission (EC) announced that it will be imposing certain commitments on Vifor, a manufacturer of intravenous iron medicines. Vifor is a dominant player in this market and had spread misleading information about the safety of a competing drug, Monofer, to healthcare professionals. The EC had opened an investigation, suspecting a potential […]
Sorainen is representing consumer lenders DelfinGroup and ViziaFinance before the Constitutional Court regarding a new corporate income tax surcharge. As of 1 January this year, a new Latvian law has obliged consumer lenders to pay a surcharge of 20% of the previous year’s profits on top of corporate income tax (CIT). The legislator argues that […]
The Estonian Insurance Association appointed our senior associate Marcus Niin as the conciliator of the insurance conciliation body. His term begins on October 1, 2024, and lasts five years. “An insurance conciliator is an independent and impartial expert in insurance disputes. The conciliator aims to help resolve disputes between the insurer and the insured. The […]
Deals & Cases / Jonas Kiauleikis, Sergej Butov, Tomas Kontautas, Daivis Švirinas, Mantas Petkevičius, Indrė Pelėdaitė, Aliaksei Vashkevich, Aurelija Daubaraitė, Jurgita Tekorienė, Sidas Sokolovas, Linas Petronaitis, Auridas Litvinas, Barbora Bernatonytė, Aušra Kunčiuvienė, Izabelė Petrikaitė, Danas Šniutė, Raminta Matulytė, Simonas Šlitas, Andis Burkevics, Renāte Purvinska, Santa Rubīna, Agneta Rumpa, Annija Straupe, Kristers Pētersons, Kätlin Krisak, Lauri Liivat, Piret Lappert, Pirkko-Liis Harkmaa, Liisa Maria Kuuskmaa, Oliver Ämarik, Kevin Piho, Karl Oskar Pungas
We advised the Norwegian non-life insurance company Gjensidige Forsikring on signing a sale agreement for its business in the Baltics with Ergo International, the company that manages Ergo’s international business portfolio. Deal value – EUR 80 million. The transaction will be completed upon receiving approvals from the authorities, including the Lithuanian, Latvian and Estonian competition […]
