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Sorainen issues legal opinions for ISDA on Lithuanian law
The International Swaps and Derivatives Association (ISDA) instructed Sorainen to provide country legal opinions on the enforceability and protection of financial collateral arrangements under Lithuanian law using ISDA documentation. Our team prepared two distinct legal opinions – one concerning the position of the collateral provider and the other of the collateral taker – both serving as […]
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Largest Baltic deal of this decade: Salling Group completes acquisition of Rimi Baltic
We advised Salling Group, Denmark’s largest retail group, throughout its EUR 1.3 billion acquisition of the Rimi Baltic retail chain in Lithuania, Latvia, and Estonia. The acquisition was announced on 5 March 2025 and completed on 2 June 2025 after receiving the clearance from the European Commission and the FDI clearance in Lithuania. This is […]
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Estonian glass facade manufacturer Windoor prevails in ICSID arbitration against Kazakhstan
The International Centre for Settlement of Investment Disputes (ICSID) Tribunal has ruled in favour of one of Estonia’s largest glass and aluminium facade manufacturers, Windoor, in its dispute against the Republic of Kazakhstan. Kazakhstan violated the obligation of fair and equitable treatment The Tribunal determined that Kazakhstan’s refusal to enforce the SCC Awards, the invalidation […]
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Hero business centre developer begins the offering of the sixth tranche of bonds
UAB Sostinės bokštai, the developer of the Hero business centre has launched the offering of the sixth tranche of its bonds issue, marking another key milestone in the project’s financing strategy. This issuance aims to raise additional capital to support the completion of construction and the continued development of the business centre. Through the first […]
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Representation of Nasdaq CSD SE in a Case Against Grindeks
Sorainen successfully represented Nasdaq CSD SE, the defendant in litigation initiated by AS Grindeks. Grindeks was seeking a court order to recover funds from Nasdaq CSD that had been accrued for shareholder dividend payments. About the case In 2020, Grindeks shareholders resolved to delist the company’s shares from the regulated market – the Nasdaq Riga […]