Our team is acting for CATA, a client for whom Sorainen obtained a landmark ruling annulling unlawful amendments to a procurement contract in favour of its competitor, for a compensation of legal expenses in that case. Latvian laws used to cap the compensation of legal expenses by the government at ca. EUR 50 per hour […]
Our arbitration experts are representing a European investor in a cross-border post-M&A dispute arising from shares being sold in a Latvian wind energy company. The dispute with Austrian parties involves complex issues related to interpreting conditions precedent, payment deadlines, and the statute of limitations under Latvian law. We are working closely with our Austrian colleagues to […]
We advised Austrian bank Kommunalkredit on granting a EUR 25 million loan to INVL Renewable Energy Fund I. The loan proceeds will be used to finance the construction of solar power plants with 51 megawatts (MW) capacity in Romania. The fund invests in 8 projects for solar power plants in Romania with a combined capacity […]
We represented banks-dealers in Lithuania’s issuance of a new 10-year Eurobond. Lithuania borrowed EUR 1.5 billion in international capital markets. „Lithuania has successfully launched a programme of borrowing in foreign financial markets and has secured a significant part of the amount of foreign borrowing planned for this year on favourable terms. We are pleased with […]
We advised the companies Heidelberg Materials Lietuva Betonas and ESSPO during the process of obtaining the approval of the Lithuanian Competition Council for their jointly controlled company Heidelberg Mobile to supply products to other market participants. The Heidelberg Materials group is one of the world’s three largest producers of cement, ready-mixed concrete and inert materials. […]