Deals & Cases / Sergej Butov, Deimantė Pagirienė, Juliana Pavilovska
Sorainen is advising Elektrobalt and the Würth Group on the acquisition of Gaudrė, a leading company in the lighting solutions market in Lithuania. Elektrobalt together with W.EG. Eesti in Estonia and Baltikelektro in Latvia, represents the Würth Electrical Wholesale Group (W.EG) in the Baltic States. Serving customers in the residential, infrastructure and industrial markets, Elektrobalt […]
Sorainen Belarus advised Eurotorg LLC, Belarus’ largest food retailer, on a USD 350 million bond issue for a 5-year term with an annual coupon rate of 8.75% maturing on 30 October 2022. The bonds have been issued by, and with limited recourse to, Bonitron Designated Activity Company for the sole purpose of financing a loan […]
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 Estonia advised Armin Karu, Kaia Karu, Erik Karu and Ines Karu-Salo on the sale of Emahool OÜ together with its franchise business Mothercare online-store and retail stores in Estonia and Latvia to the owner of Juku children stores, Kotryna OÜ. Mothercare is well-recognised brand on the retail market specialised in products for mothers, babies and […]
Sorainen advised Danish Agro group company DAVA Agravis Machinery Holding on its acquisition of 45% of the share capital in Konekesko Lietuva from Finnish company Konekesko. DAVA Agravis Machinery Holding also acquired a minority interest in Konekesko subsidiaries in Latvia and Estonia. The total disclosed value of the transaction in all three Baltic States is […]