Sorainen Lithuania advised DNB Bank ASA (Norway), the largest financial services group in Norway, on the grant of a loan to Norwegian real estate development group Schage for development of the Quadrum business centre in Vilnius. Quadrum is the first business centre in Lithuania designed and built according to the Building Research Establishment Environmental Assessment […]
A subsidiary of Lords LB Special Fund I, a fund belonging to investment management company Lords LB Asset Management, has concluded a hotel management contract with operator Carlson Rezidor regarding hotel opening and further activity in Vilnius marked under the Radisson RED name. The hotel, to be opened in 2020 in the developing k18b complex […]
Deals & Cases
Sorainen represented Lytagra in a dispute regarding an inspection report prepared by Kaunas Territorial Customs office and revoking the decision of the Customs Department. The Lithuanian Supreme Administrative Court annulled a Court of First Instance and Customs Department ruling according to which Lytagra had to pay more than EUR 570 000 in definitive anti-dumping duties, […]
Deals & Cases / Agris Repšs,
Sorainen has been assisting Francorp Baltic, the regional representative of the world’s largest franchise consulting firm, in preparing franchise agreements to be used by Francorp Baltic clients. Agreements prepared by Sorainen cover franchises for operating chocolate shops, restaurant chains, indoor skydiving providers, translation agencies and many other businesses. In all cases the agreements were tailored […]
Sorainen assisted the Lithuanian Ministry of Finance in successfully pricing an offer of EUR 450 million (nominal value) Eurobonds that will be consolidated to form a single series of 20-year Eurobonds issued last year. Before the addition the issue size was EUR 750 million but has now reached EUR 1.2 billion. Said Rasa Budbergytė, Lithuanian […]
