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We are advising Barclays Group Operations Lithuania on the transfer of Rise Vilnius startup hub to Swedbank. At the moment startup hub has 64 members and covers 34 companies. Rise Vilnius hub and its community After opening in summer 2016, startups based at Rise Vilnius hub were consulted by global mentors. In addition, hackathons were […]
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Sorainen advised travel planning tools provider KAYAK on acquisition of a business unit comprising employees and office equipment from software development company NFQ Technologies in Lithuania. The business unit comprises approx 40 engineers, who have worked as technology partners for KAYAK for several years. Upon completion of the transaction, the engineers will be employed by […]
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Sorainen assisted WePower, a blockchain-based green energy trading platform, in obtaining a ground-breaking ruling from the Lithuanian tax authorities confirming favourable VAT treatment for issuance of cryptographic tokens. The Lithuanian tax authorities issued a positive ruling confirming that ICOs are VAT-exempt, thus allowing the client to save up to USD 7 million. WePower raised USD […]
