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Swedbank and Luminor to lend EUR 100 million for construction of national stadium
We advised Swedbank and Luminor banks on matters related to the concession agreement for the National Stadium, with the banks providing a EUR 100 million syndicated loan to Vilnius Multifunctional Complex, a company owned by Hanner. The funds will be used for the construction of the National Stadium and the multifunctional complex in Vilnius. Swedbank […]
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Successful defence of Lithuanian Railways in EUR 700,000 damages dispute with Civinity Solutions
We successfully represented Lithuanian Railways against supplier Civinity Solutions (Civinity) in a dispute regarding compensation of EUR 700,000 damages. Civinity laid the groundwork for this dispute in 2022, when it won a case and proved that a competitor’s tender offer was unjustly selected as the winner. Since the contract with the competitor had already been […]
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Škoda succeeds in BEMU train tender in Latvia
We assisted a consortium of Škoda Transportation and Škoda Vagonka in a bid to deliver the first BEMU trains to Latvia. Our assistance spanned from advice on drafting the bid in line with Latvian procurement laws to appealing the contract award criteria. Our team The Sorainen team consisted of senior associate Katrīne Pļaviņa-Mika, counsel Edgaras Markevičius, […]