-
Establishment of Berdigans Foundation, to Latvia with Love
Sorainen helped James Jānis Berdigans, founder of Printify – a Latvian print-on-demand platform – to establish and register a foundation in Latvia: Berdiganu Fonds, ar mīlestību Latvijai (“Berdigans Foundation, to Latvia with Love”). The objectives of the foundation involve strengthening the startup ecosystem and fostering the transition to a knowledge-based economy, as well as creating […]
-
Conexus Baltic Grid prepares up to EUR 80 million bond programme
We acted as transaction counsel in the up to EUR 80 million bond programme for Conexus Baltic Grid, a unified natural gas transmission and storage operator in Latvia. The Bond programme was arranged by Skandinaviska Enskilda Banken AB Helsinki Branch. For the time being Conexus Baltic Grid has decided to postpone its inaugural first issue. […]
-
Luminor signs an agreement to acquire Maksekeskus
We are advising Luminor Bank (Luminor), the third-largest provider of financial services in the Baltics, on acquiring 99% of the shares of Maksekeskus (MKK), the leading e-commerce payment service provider in the Baltic region, from Omniva, Inbank, and Olsson & Nielsen Nordic. Strengthening presence in e-commerce The acquisition will strengthen Luminor’s presence in the fast-growing […]
-
Citadele banka issues 200 EUR million in senior unsecured bonds
Sorainen Latvian office acted as Latvian law adviser to the joint lead managers Citigroup, Luminor Bank, Nordea and UniCredit on the issuance by Citadele banka of 200 million EUR in notes, due in 2026. The purpose The purpose of the issuance is to meet the Minimum Requirement for Own Funds and Eligible Liabilities (MREL). Proceeds […]
-
Wise launches OwnWise
We assisted Wise, a global technology company, on the launch of their customer shareholder program, OwnWise, acting as local counsel in the Baltics through London-based Linklaters. Rewarding clients OwnWise is designed to reward Wise customers. The program is available for clients based in the European Union. Customers who are accepted into the program go on […]