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Gjensidige sells its business in the Baltics
We advised the Norwegian non-life insurance company Gjensidige Forsikring on signing a sale agreement for its business in the Baltics with Ergo International, the company managing Ergo’s international business portfolio. Deal value – EUR 80 million. The transaction will be completed upon receiving approvals from authorities, including Lithuania, Latvia, and Estonia competition councils. Gjensidige will […]
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R-S OSA is creating a demo plant for its oil shale valorising project
We are advising R-S OSA Service (RSO) in developing and constructing the demo plant to pilot the technology of converting oil shale ash waste into valuable resources. The demo plant is currently in the detailed planning process, and at the same time, RSO is in the process of signing commercial agreements with key suppliers for […]
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We are advising Finnish and Estonian energy companies on obtaining insurance compensation as a result of the damage to the Balticconnector gas pipeline
We are advising Gasgrid Finland Oy and Elering AS on obtaining insurance compensation for the damaged Balticconnector gas pipeline. In October 2023, the Chinese vessel NewNew Polar Bear damaged the Balticconnector gas pipeline between Estonia and Finland. As a result, Finland’s gas connection with Europe was disrupted, causing approximately EUR 35 million in damage. We […]
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Acting for West Kredit before the Latvian Constitutional Court regarding a corporate income tax surcharge and how it is calculated
Sorainen is representing consumer lender West Kredit before the Constitutional Court regarding a new corporate income tax surcharge. As of 1 January this year, a new Latvian law has obliged consumer lenders to pay a surcharge of 20% of the previous year’s profits on top of corporate income tax (CIT). The legislator argues that consumer […]
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Sorainen helps AI-driven skincare company Haut.AI reach new clients worldwide
We advised Haut.AI on data protection and contractual matters, as well as in negotiations with a global consumer goods company whose products are used by over 1 billion customers daily. AI-powered image analysis can revolutionize skincare commerce Estonian based Haut.AI provides a B2B SaaS product that automates the collection of high-quality skin data, conducts a […]