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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 […]
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Eiffel finances 177 MW renewable energy projects in the Baltics and Central Europe
We advised Eiffel Investment Group on a EUR 20 million debt financing agreement with Envolve Capital (formerly Modus Asset Management), one of the leading investment fund management companies specializing in energy transition in the Baltics and Central Europe. The financing will support the construction and commissioning of a 177 MW portfolio of solar and wind […]
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Acquisition of six Airbus A220 aircraft by Reverence Capital and simultaneous leasing to airBaltic
We acted as transaction counsel in the acquisition of six Airbus A220 aircraft by a joint venture led by Reverence Capital Partners (hereinafter – “Reverence”) and their simultaneous leasing to airBaltic. Our involvement Our assistance included local law advice in relation to the sale of the aircraft and matters related to the leaseback arrangement, financing […]
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Lenders back landmark renewable energy project in Latvia
We acted as Latvian legal counsel to the lenders – NORD/LB Norddeutsche Landesbank, Nordic Investment Bank, and Luminor Bank – in the EUR 75 million financing of a 148-MWp photovoltaic (PV) plant in Latvia, developed by Stelo Orienta SIA. This project, supported by the European Union under the InvestEU Fund, is sponsored by European Energy […]
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Niam Infrastructure and Evecon partner up for 110 MW of solar storage in Latvia
We advise Niam Infrastructure on a significant investment in the Latvian and Baltic renewable energy sector: forming a partnership with Evecon for the installation of up to 84 MWp in solar power and 26 MW in energy storage across 11 project sites in Latvia. This collaboration represents a substantial investment in the region’s renewable energy […]