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EBRD to extend second loan to Modus Group for construction of biogas power plants in Belarus
Sorainen is advising the European Bank for Reconstruction and Development (EBRD) in connection with a second lending to Modus Group: a loan of USD 11.3 million will be used for construction of two biogas power plants with total installed capacity of 3MW in Belarus. In 2018 Sorainen advised the EBRD in connection with the first […]
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Google Payment Lithuania obtains e-money institution licence in Lithuania
Sorainen advised Google Payment Lithuania in obtaining an e-money institution licence from the Bank of Lithuania. Google entered the online payments market in 2015 as a digital wallet platform and online payment system enabling users to send and receive money, pay for Google products and pay for in-store purchases. Sorainen advised on all legal issues […]
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MoQ, the first mobile payment platform in the Baltics, starts activity
Mobile payment platform MoQ has launched its activities in Lithuania. The platform is managed by Mobilieji mokėjimai, a company founded by three biggest competitors in Lithuanian telecommunications sector – Telia Lietuva, Tele2 and Bitė Lietuva. This is the first mobile payment platform in the Baltics and the first such project in European practice to be […]
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Modus Group receives first EBRD investment in the Belarusian renewable energy sector
Sorainen Belarus, jointly with Sorainen Lithuania, acted as Belarusian and Lithuanian counsel for the European Bank for Reconstruction and Development (EBRD) in connection with a USD 15 million loan to Modus Group. The loan aims to finance constructing, equipping and putting into operation four biogas plants with total installed capacity of 4MW to be located […]
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TeslaPay obtains e-money institution licence
Sorainen advised TeslaPay on establishing a company in Lithuania and obtaining an e-money institution licence from the Bank of Lithuania. TeslaPay’s mission is to provide smoother, faster and cheaper international payment services in regions where the electronic money and payment market is of great future potential. TeslaPay belongs to the Estonian ‘TopCredit’ group of companies […]