Deals & Cases / Augustas Klezys, Urtė Armonaitė, Inga Macijauskaitė
Sorainen advised Valyuz on establishing a company in Lithuania and obtaining an e-money institution licence from the Bank of Lithuania. Valyuz is a fintech company planning to provide a cutting-edge alternative solution to traditional banking and to become a platform-of-choice for international corporate clients in the technology sector. Valyuz is planning to offer electronic money […]
Sorainen advised Corporate Services in obtaining an e-money institution licence from the Bank of Lithuania. The company belongs to the Latvia-based Corporate Solutions group which, through its related Latvia-based company PAYYAP Retail, provides solutions for small and medium sized merchants in the retail industry. Corporate Services in cooperation with PAYYAP Retail will provide technical and […]
Sorainen assisted WePower, a blockchain-based green energy trading platform, in obtaining a ground-breaking ruling from the Lithuanian tax authorities confirming favourable VAT treatment for issuance of cryptographic tokens. The Lithuanian tax authorities issued a positive ruling confirming that ICOs are VAT-exempt, thus allowing the client to save up to USD 7 million. WePower raised USD […]
Deals & Cases / Augustas Klezys, Dalia Augaitė, Eglė Mazėtytė
Sorainen advised the international group of companies Modus Group on entering the Nasdaq Baltic First North alternative market. Sorainen is a Certified Adviser to Modus Group on the First North market in Lithuania. Total nominal value of the Modus Group issue is EUR 4,999,900. The annual interest rate is 5%. Modus Group’s bond issue was publicly […]
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On 15 February 2018 Sorainen Lithuania became a Certified Adviser on First North, which means that the firm can advise Lithuanian companies pursuing admission to First North. Nasdaq Baltic First North is a growth market designed for small and medium-sized companies in the Baltics. The regulatory requirements on First North are less extensive compared to […]