Sorainen
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The Lithuanian Insurers Association has issued guidelines on conclusion of non-life insurance contracts. All insurance companies that are members of the association aim to apply the guidelines in their activities. This self-regulatory document was prepared by the association together with Sorainen experts. The aim of the guidelines is to keep up with the constant development […]
Sorainen advised the Latvian subsidiary of Antalis, a leading global paper and packaging distributor operating in over 43 countries, in the sale and leaseback of an industrial plant located in Latvia, with an approximate transaction value of 4 million EUR. Sorainen advised the client through drafting the real estate sale and lease agreement, negotiations between […]
Contrarian Ventures, advised by Sorainen, won a tender to become manager of a venture capital fund established by Lietuvos Energija. The state-owned energy company invested EUR 5 million in the fund. The same amount is expected to be attracted from other investors. The total amount of the fund could reach EUR 10 million. The fund […]
Sorainen advised Harbortouch, a major provider of touch-screen point-of-sale (POS) systems and payment services in the USA, on launching operations in Vilnius. A product creation and development unit in Vilnius is to employ 80-90 people over the next few years; plans also involve establishing a global call centre in the Vilnius office. According to Jared […]
Sorainen represented international bank Alfa Bank in a dispute over loans personally granted by Vidmantas Kuèinskas to Arvi NKP, which operates a fertilizer factory in Kaliningrad. Alfa Bank lent over EUR 10 million to Arvi NKP, according to contracts made in 2012-2014. In 2015 one of the Arvi group companies faced financial problems and Vidmantas […]
