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Wihuri, a Finnish company operating in technical trading, sold its Estonian, Latvian and Lithuanian subsidiaries to Avesco. The transaction was complicated due to the fact that it involved resolving a series of technical pre-closing arrangements and simultaneous closing in three jurisdictions. The Sorainen pan-Baltic team led by partner Pekka Puolakka also included, among others, senior […]
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Sorainen advised Nordea, the largest financial services group in northern Europe, on combining operations with DNB in Estonia, Latvia and Lithuania to create the leading main bank in the Baltics with strong Nordic roots. “Combining knowledge of the Baltic market, close cooperation with our customers and developments in digital banking, Nordea has over the years […]
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Sorainen Belarus advised a Chinese consortium that included online game developer and operator Shanghai Giant Network Technology Co, on Belarusian aspects of acquisition of Playtika, the social and mobile games company based in Herzliya, Israel, owned by Caesars Interactive Entertainment, with a strong development team located in Minsk, Belarus. Sorainen team, which included partner Maksim Salahub, […]
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SORAINEN advised Northern Horizon Capital in upgrading the fund management company licence of its Estonian arm to an alternative investment fund manager (AIFM) licence and in establishing a new public evergreen closed-ended real estate fund. The Estonian Financial Supervision Authority (EFSA) granted the AIFM licence and registered the fund, named Baltic Horizon Fund (Fund), on […]
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Sorainen Belarus office assisted Texas Chicken (business of Cajun Global LLC), a U.S.-based chain of fast food restaurants specialising in fried chicken, with establishing of operation of their franchise in Belarus. Work of Sorainen included the review of franchise agreements, advise on the specifics of the local law, and also help in communications with the […]
