Sorainen
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On 5 October 2017, the European Court of Human Rights (ECHR) initiated case No. 56997/17 SIA Bauskas Dzîve vs Latvia based on a complaint by a regional newspaper publisher against action taken by Latvia allowing municipalities to issue their own newspapers that imitate the independent press. The complaint is based on Article 10 of the European Convention […]
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, […]
The Boris and Inâra Teterev Foundation together with the ABLV Charitable Foundation have engaged internationally renowned architect Sir David Adjaye to develop a design for the building to house the Latvian Museum of Contemporary Art. Given the experience and reputation of the architect, it is safe to say that this engagement is significant not only […]
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 […]
International automotive group Inchcape Motors acquired the assets of United Motors, becoming the exclusive distributor for BMW Group in Estonia. The business acquired serves customers of BMW Group and KIA, employing more than 90 people at retail sites in Tallinn, Tartu, Pärnu and Kohtla-Järve. The transaction received approval of the Estonian Competition Authority in June. […]