We represented Kaefer, a construction services provider, in a landmark dispute where the Estonian courts explained the principles of burden of proof in cases involving a claim for remuneration under a contract for services. Kaefer had concluded a contract for services with Isoest, under which Isoest had to insulate the pipes in a cogeneration plant. […]
Sorainen advised venture capital fund Open Circle Capital on investing EUR 300,000 in the Whatagraph platform. The other half of the sum was invested by the founders themselves, brothers Justas, Tomas and Andrius Malinauskas. Open Circle Capital manages assets of more than EUR 20 million and invests in Lithuanian companies that produce products in high-tech […]
Sorainen successfully represented former board members of Investment and Business Guarantees (Invega) – a company subordinate to the Lithuanian Ministry of Economy ‒ in an appeal case heard at Vilnius Regional Court concerning a bonus payment to a former manager of Invega. The Ministry of Economy appealed the decision of the Vilnius City District Court, […]
Sorainen advised venture capital fund Open Circle Capital on investing in fast growing ad exchange startup SixAds created for webstores. Open Circle Capital is interested in technology companies in the fields of ICT, robotics and high-tech. SixAds demonstrates a fast growing number of customers and revenue, along with global ambitions, all of which are in […]
Sorainen as local counsel advised CEMEX, a leading global building materials company, on the sale of its activities in Scandinavia and the Baltic states to Schwenk, a building materials group headquartered in Ulm, Germany. The purchase price is approx EUR 340 million. In Latvia, Schwenk is taking over a cement production plant with a production […]