SORAINEN advised a Linstow group company on the extension of the ORIGO shopping centre in Riga with a total project value of approx EUR 50 million. Following sustainable construction and BREEAM perspectives SORAINEN drafted the design contract to encompass several stages of development. SORAINEN also represented the client in contract negotiations with the architect. The […]
SORAINEN Latvia analysed and prepared memorandums on development, management, lease, disposal and construction of real estate for Latvia’s main university. SORAINEN Latvia prepared the memorandums as a strategic plan for the University of Latvia on management of its own real estate portfolio. Memorandums included review of such issues as feasibility of alienating, leasing, renting, managing, […]
SORAINEN Lithuania advised major Lithuanian telecommunications company Tele2 on obtaining limited electronic money institution licensing, which allows provision of payment services and issue of e-money in Lithuania. Tele2 became the first telecommunications company in Lithuania to obtain an electronic money institution licence along with the right to provide a much wider range of payment services, […]
SORAINEN Latvia assisted Rigaburger, operator of the Hesburger restaurant chain in Latvia, on acquisition and development of land plots (e.g. at 4 Katoïu street and 7 Skanstes street) in Riga. SORAINEN assisted the client with structuring the transaction and drafting related agreements and documents. The transactions combined involved investment of over EUR 1 million to […]
SORAINEN Lithuania advised the very first Lithuanian payment initiation service provider, Mistertango, on providing payment initiation services in an unregulated market. On 8 October 2015 the European Parliament voted to pass the revised Directive on Payment Services (the PSD2). However, the PSD2 has not yet been implemented in Lithuanian legislation so that some legal uncertainty […]
