Sorainen Latvia advised Luminor on taking over a client portfolio in Latvia from Danske Bank’s branch in Lithuania.
About the transaction
Rūdolfs Eņģelis, head of the firm’s Finance & Insurance practice group, commented, “It is encouraging to observe that the number of complex transactions is gradually increasing in the Latvian financial market, thus confirming the ongoing development of the Baltic banking sector. It is satisfying that the close cooperation between Luminor’s professional team and Sorainen attorneys facilitated the closing of the transaction in a very short time period.”
During the course of the transaction, the client was advised by partner Rūdolfs Eņģelis, senior associate Inese Heinacka, and associate Agneta Rumpa.