We collaborated with members of the Association of Lithuanian Banks, the Financial Crime Investigation Service and the Bank of Lithuania in preparing Guidelines on Customer Due Diligence. The purpose of the guidelines is to harmonize the processes of preventive action by market participants while achieving clarity and simplicity for users of financial services. First such […]
We are delighted to announce that our partner Mihkel Miidla and associate Liisa Maria Kuuskmaa have contributed to the OneTrust DataGuidance report, giving a detailed overview of data protection matters in the financial sector in Estonia. Please see the overview here (requires subscription).
We are continuing our collaboration that started in 2019 with Startup Wise Guys, an accelerator for new business in the Baltic States. As legal industry partner we will participate in the Wise Guys Fintech 4 programme, due to start in October. The same as last year, the programme will be hosted by ROCKIT and supported […]
Sorainen in close co-operation with lead advisor Loyens & Loeff (Brussels) and the client’s financial and technical teams provided full legal assistance at the bidding stage to Kekava ABT consortium members in relation to participation in this landmark PPP project in Latvia – Kekava Bypass. About the project Kekava Bypass will become a part of […]
Deals & Cases / Tomas Kontautas, Dalia Augaitė, Agnė Sovaitė, Rimantas Bendorius
We represented banks-dealers in Lithuania’s borrowing of EUR 1.75 billion by issuing a 30-year Eurobond issue. According to the Ministry of Finance, the annual interest rate is lower than ever – more than three times lower than previously issued bonds of the same duration. These funds will finance this year’s borrowing needs, including next year’s […]