Sorainen advised Corporate Services in obtaining an e-money institution licence from the Bank of Lithuania. The company belongs to the Latvia-based Corporate Solutions group which, through its related Latvia-based company PAYYAP Retail, provides solutions for small and medium sized merchants in the retail industry. Corporate Services in cooperation with PAYYAP Retail will provide technical and […]
Sorainen advised venture capital fund Open Circle Capital on its first investment – in Lithuanian start-up Tipi. The company develops information management and communication solutions for teamwork. Open Circle Capital invested along with Silicon Valley fund Sway Ventures and a group of private investors from the USA, the UK, France, Lithuania and Singapore. Total investment […]
Sorainen advised Dense Air – an operating company within the Airspan Group, that provides wholesale shared “neutral host” 4G LTE mobile network densification and extension services – on Latvian telecom regulation as it relates to the acquisition of radio spectrum. Client was advised by partner Agris Repšs and senior associate Andris Tauriòš.
Sorainen assisted WePower, a blockchain-based green energy trading platform, in obtaining a ground-breaking ruling from the Lithuanian tax authorities confirming favourable VAT treatment for issuance of cryptographic tokens. The Lithuanian tax authorities issued a positive ruling confirming that ICOs are VAT-exempt, thus allowing the client to save up to USD 7 million. WePower raised USD […]
Sorainen represents Kaspersky Lab, a leading global security software developer, in a defamation law suit against a Latvian politician. The respondent made false allegations about Kasperky’s products and business practices and associated Kaspersky’s activities with espionage. The lawsuit was filed in Riga City Pardaugava court. The client is being advised by Sorainen partner Agris Repšs […]
