SORAINEN Lithuania celebrates its 15th anniversary

15.05.2014

Established in Lithuania fifteen years ago, SORAINEN was the first law firm to operate in all three Baltic States. With a team of 150 lawyers, SORAINEN is now the largest law firm in the Baltics and Belarus. And if more proof is needed of the international recognition of SORAINEN, this is clear from the three “Baltic Law Firm of the Year” awards which SORAINEN has received this year.

“It is great to have so many occasions to celebrate this year: our anniversary, numerous awards and record growth. I am convinced that it is our faithfulness to our fundamental values that has helped us to achieve all this. We always seek to not only provide legal or tax advice but also to contribute to the success of our clients. We believe and can confidently say that our success lies in the success of our clients and business partners. We are grateful to them for many years of trust,” says Laimonas Skibarka, office managing partner of SORAINEN Lithuania.

Over the last fifteen years, SORAINEN Lithuania has contributed its legal and tax advice to the following fifteen major projects:

  • Acquisition of Lietuvos draudimas, Balta in Latvia and Codan in Estonia by Poland’s PZU insurance group (project value: EUR 270 million).
  • Six Eurobond issues with a total value of EUR 2.13 billion by the Republic of Lithuania.
  • Acquisition of Ūkio bankas assets and obligations by Šiaulių bankas (EUR 782 million).
  • Advising the Ministry of Finance on the activities of the Economic and Financial Affairs Council (ECOFIN) during Lithuania’s Presidency of the Council of the European Union.
  • Advising Hitachi on the Visaginas Nuclear Power Plant Project.
  • Liquefied natural gas (LNG) terminal construction project in Klaipėda implemented by PPS Pipeline Systems.
  • Establishment and development of the Barclays Technology Centre in Vilnius (over 1,250 employees).
  • Establishment and development of the Western Union service centre in Vilnius (over 1,000 employees).
  • Acquisition of Mažeikių nafta by PKN Orlen (EUR 1.93 billion, the largest company acquisition transaction in the Baltics in terms of the value).
  • Sale of Kauno Akropolis to international fund Deka Immobilien (over EUR 200 million, the largest real estate transaction in the Baltics in terms of the value).
  • Sale of real estate portfolio in the Baltics by SEB Group (EUR 200 million).
  • Acquisition of Palink (IKI retail chain) by Coopernic Alliance.
  • Acquisition of Alfa, Beta and Gama office buildings in Vilnius by Technopolis (EUR 62 million).
  • Representation of the Republic of Lithuania in winning the first case in the International Centre for Settlement of Investment Disputes against Parkierings-Compagniet (EUR 37 million).
  • Advising the organisers of Danske Bank Vilnius Marathon (that brought together 8,000 runners).

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