Sorainen
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Sorainen advised PlusPlus on registering in a Public List of Consumer Credit Providers in Lithuania. In expanding its operations, PlusPlus is planning to acquire and administer consumer loan portfolios in Lithuania. A member of the PlusPlus group of companies, PlusPlus is owned by a pan-Baltic receivables management company with offices in Tallinn, Riga and Vilnius. […]
Sorainen acted as the Estonian legal advisor to Intrum in divesting Lindorff’s business in Estonia along with Lindorff’s business in Denmark, Finland and Sweden as well as Intrum Justitia’s business in Norway to Lowell. Offering debt collection and debt purchase as well as payment and invoicing services, the divested group operates in five markets and […]
On 1 October 2017 the largest transaction of combination of operations in the history of the Baltic financial markets was successfully completed – Luminor launched its operations. Nordea, the largest financial services group in northern Europe, and DNB, Norway’s largest financial services group, completed the combination of their banking, leasing and pensions businesses in Estonia, […]
Sorainen Estonia advised OpusCapita – a Finnish company focusing on automating and digitalizing customer procurement, invoicing and payment – on divestment of its Finance and Accounting Outsourcing business (FAO) to Longship, a Norwegian private equity investor. The divestment was announced on 4 May 2017. The value of the transaction is undisclosed. In total, 800 employees […]
Sorainen defended the interests of Eurocash1 in a legal process concerning a prohibited vertical agreement, a process which continued for more than eight years. An agreement was made among G4S and the three biggest banks in Lithuania. According to the agreement, the banks were obliged to buy cash-handling services exclusively from G4S. A complaint about […]