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Deals & Cases / Eva Berlaus, Jānis Bite
We are advising UniCredit on the disposal of UniCredit Leasing and its operations in the Baltics to Citadele Bank. The transaction involves branches of UniCredit Leasing in Lithuania and Estonia as well as its subsidiary UniCredit Insurance Broker and its branch in Estonia. Our role in the acquisition Our assistance covers all legal aspects of […]
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We acted as legal advisor in Estonia, Latvia and Lithuania for OP Corporate Bank in financing Veho Group. The mandated lead arrangers in the syndicate were OP Corporate Bank, Nordea Bank and Danske Bank. Syndicated financing was the method used to finance the acquisition of Silberauto enterprises. Silberauto, established in 1990, is one of the […]
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We advised Nordea Bank and DNB, major financial services groups in northern Europe, on the financing that Nordea and DNB provide to Luminor Group for developing Luminor’s lending activities, group liquidity buffers and refinancing existing debt. Securing the financing We also advised Nordea and DNB in negotiating a highly bespoke collateral package to secure the […]
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Publication / Augustas Klezys, Laura Matukaitytė, Lina Ragainytė-Mezenė
A new concept of the “specialised bank” was introduced into Lithuanian law on 1 January 2017. Although initially designated for implementing reform in the credit union sector, in practice this regulation serves as a basis for developing a more favourable regulatory environment for local and foreign non-banking financial companies seeking to extend the scale of […]
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Latvian authorities have handed a €1m fine to Rigensis Bank for violating an array of financial crime laws, the latest direct action taken by the country as it seeks to implement a suite of legislative reforms. The Financial and Capital Market Commission (FCMC) announced on Monday it was issuing a penalty to the Riga-based institution […]
