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We provided legal support to PrivatBank in transferring its client portfolio and part of its assets and liabilities to Industra Bank. The total of the loans included in the transaction was approx. EUR 25 million, and the amount of deposits exceeded EUR 50 million. The transaction received the permission of the Financial and Capital Market […]
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During debt recovery proceedings, we successfully represented a global provider of market-based sustainability solutions established in the Netherlands, which was a creditor of Vidzeme Eko, a Latvian company engaged in trading in CO2 emission allowances. Our involvement Our services included negotiations with the debtor, representation during legal protection proceedings and, later, during the insolvency proceedings […]
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Andele Mandele PAY operates portal andelemandele.lv, one of the largest trade platforms in Latvia. The status of a registered e-money institution will allow customers of portal andelemandele.lv to pay with e-money. This process will both improve the safety of payments and facilitate payment settlement procedures between customers. Registered e-money institution A registered e-money institution is […]
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We acted as legal advisor in Estonia, Latvia and Lithuania for OP Corporate Bank in financing Veho Group. The mandated lead arrangers in the syndicate were OP Corporate Bank, Nordea Bank and Danske Bank. Syndicated financing was the method used to finance the acquisition of Silberauto enterprises. Silberauto, established in 1990, is one of the […]
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Deals & Cases / Reimo Hammerberg, Jane Eespõld, Rūdolfs Eņģelis, Mārtiņš Rudzītis, Edvīns Draba, Tits Gulbis, Tomas Kontautas, Augustas Klezys, Laura Matukaitytė, Kiryl Apanasevich, Viktoryia Mikhnevich, Artem Melnikovich
Sorainen advised one of the largest financial institutions in the region on a financing transaction involving Food Union Group companies. The value of the financing is approx EUR 145 million. Food Union is one of the largest dairy and ice cream producing companies in Europe. It unites companies in 10 countries including Latvia, Estonia, Lithuania, […]
