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Latvijas Banka grants Noah LV MiCAR and Payment Institution licences
We advised Noah LV on obtaining a CASP (MiCAR) licence and a PI licence in Latvia, supporting the client through a dual authorisation process for its planned crypto-asset and payment services activities. The engagement covered the preparation for pre-licensing stage, coordination and finalisation of both licensing packages, as well as the broader regulatory readiness work […]
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Successful resolution of a complex international maritime dispute
Sorainen, in cooperation with an English law firm, advised one of the largest wood processing companies in the Baltics on a complex international trade and maritime law matter. The dispute arose when the competent US authorities raised concerns about the possible non-compliance of a cargo carried on a vessel bound to US port with phytosanitary […]
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We successfully represented Elering in a dispute involving a EUR-100-million damages claim
We advised Elering in a court case in which the Harju County Court dismissed in full the claims brought by Pakrineeme Sadam (PNS) against Elering. The plaintiff sought approximately EUR 2.7 million in rent, plus interest, from Elering, and additionally, EUR 100 million in damages. The court dismissed both claims. The dispute arose from the […]
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Insurance services provider General & Medical Group enters the Lithuanian market
We advised General & Medical Group, a UK-based provider of medical and other specialist insurance services with more than 35 years of experience, on its successful entry into the Lithuanian market. The establishment of General & Medical Europe, UAB marks an important step in the Group’s expansion and the development of its insurance distribution activities […]
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NordSpace successfully launches up to EUR 10 million public bond offering across the Baltics
We advised ATIISIB NordSpace on its up to EUR 10 million public bond offering in Lithuania, Latvia and Estonia, the first tranche of which was fully subscribed by institutional and retail investors across the Baltics. NordSpace owns and operates a portfolio of 13 small business property projects in Lithuania, Latvia and Poland, comprising a total […]