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Sorainen advised PlusPlus on registering in a Public List of Consumer Credit Providers in Lithuania. In expanding its operations, PlusPlus is planning to acquire and administer consumer loan portfolios in Lithuania. A member of the PlusPlus group of companies, PlusPlus is owned by a pan-Baltic receivables management company with offices in Tallinn, Riga and Vilnius. […]
Sorainen represented Meseta in a case involving the 0% VAT rate. The Lithuanian Supreme Administrative Court ruled that tax administrators had unjustifiably imposed EUR 2 million in VAT, fines and interest on Meseta for allegedly unfair application of 0% VAT rates. The Court declared that the State Tax Inspectorate and other institutions that examined the […]
Sorainen is advising Owens Corning on the acquisition of Paroc Group, a leading producer of mineral wool insulation for building and technical applications in Europe. The total disclosed value of the acquisition of Paroc Group facilities in Finland, Lithuania, Poland, Russia and Sweden is EUR 900 million. NYSE-listed Owens Corning develops, manufactures and markets insulation, […]
Sorainen regularly consults international film festival Kino pavasaris on employment and intellectual property law matters. Kino pavasaris, the main key cultural event in Lithuania, has been operating since 1995. The Sorainen team, led by partner Þygimantas Pacevièius, consists of counsel Stasys Drazdauskas, senior associates Agnietë Venckienë and Jurgita Karvelë, with associates Aurelija Daubaraitë and Juliana Pavilovska.
Sorainen advised Finnish fund YCE Housing I, managed by Vicus Capital Advisors Limited, on investment in Stage I of the ‘Raitininkø sodai’ residential construction project in Vilnius. The project, developed by Lithuanian construction company YIT Kausta, involves construction of a complex of 210 modern apartments in a strategically attractive area in Vilnius close to the […]