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Inter IKEA Group acquire forest holding companies in Lithuania and Latvia
Sorainen advised IKEA Forestry Investment AB, an Inter IKEA Group company, on the acquisition of forest holding companies in Lithuania and Latvia. Our involvement Sorainen acted as the local legal advisor throughout the transaction. Our team Sorainen key team consisted of partners Jānis Līkops, Kęstutis Adamonis and Monika Mališauskaitė-Vaupšienė, as well as senior associates Rūta […]
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Second MiCA licence issued in Latvia in a single week goes to Nexdesk
Another Sorainen client, Nexdesk, has secured a licence to provide crypto-asset services under the MiCA (Markets in Crypto-Assets) Regulation. This is the third licence issued in the Baltics so far, and among the first in Northern/Eastern Europe. About Nexdesk Nexdesk is a sister company of Nexpay, an electronic money institution based in Lithuania; however, its […]
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BlockBen makes history as the first MiCA-licensed company in Latvia and one of the first in our region
Sorainen client BlockBen SIA makes history as the first company in Latvia (as well as the second in the Baltics, and among the first in Northern/Eastern Europe) to receive a licence for providing crypto-asset services under the landmark MiCA (Markets in Crypto-Assets) Regulation. About the deal BlockBen SIA belongs to a group of related companies […]
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Södra divests forest holding companies in Latvia and Estonia
Sorainen advised Södra Skogsägarna ekonomisk förening, an association of Swedish forest owners, on the divestment of its forest holding companies in Latvia and Estonia – totalling approximately 153,000 hectares of land – to Ingka Investments, the investment arm of Ingka Group (the largest IKEA retailer), a transaction worth EUR 720 million. This transaction represents the largest […]
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Latvijas Banka has issued a crowdfunding service provider licence to FLOW
We are pleased to announce that on 27 August Latvijas Banka issued a crowdfunding service provider licence to FLOW. Congratulations to the FLOW team on this significant achievement! About FLOW FLOW is a new crowdfunding service provider on the Latvian market. The company is authorized to provide loan facilitation services (also known as loan-based crowdfunding) and […]