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Startups Geneto and FitQ join forces to develop a more sustainable health app
We advised Estonian health technology startup Geneto on its merger with video training platform FitQ. As a result of a joint agreement between Geneto’s shareholders, Jaak Sarv, founder of Geneto, became co-founder and product manager of FitQ. The merger will allow the companies to integrate their products and offer their services as a one-stop solution […]
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M&A market participants: Things are looking up and geopolitical risk is falling
A general consensus emerged at the annual Baltic M&A and Private Equity Forum that the transaction market is recovering and investors are becoming increasingly confident about investing in the Baltics. The Baltic M&A and Private Equity Forum 2024 was organised by Sorainen on 16 April in Vilnius, in cooperation with leading Lithuanian business media Verslo žinios. […]
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Belarusian government introduces restrictions on payment of dividends to foreign shareholders
Starting from 24 April 2024, investors from certain countries* (Affected Shareholders) will face restrictions when trying to receive dividends from their Belarusian subsidiaries. The details of the new restrictions are set out in Resolution of the Council of Ministers No. 299 (available in Russian) dated 19 April 2024 “On Application of a Special Restrictive Measure” (the Resolution). According to the Resolution, […]
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We’ve got “National law firm of the year: Baltics” recognition at the IFLR Europe Award 2024
Yesterday Sorainen was proclaimed “National law firm of the year: Baltics” by the International Financial Law Review (IFLR). This award highlights our work in the fields of finance and corporate law, which included the most challenging and innovative cross-border deals that we advised on in 2023. This is the ninth time we have received this recognition. Some […]
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Renowned chef Jörgen Kohal divests interests in Poke Bowl and MEZE
We advised Jörgen Kohal, a decorated and highly renowned Estonian chef in divesting his interests in the businesses comprising the Poke Bowl and MEZE brands. The interests were acquired by Jörgen Kohal’s business partner and co-founder of the businesses, Mikk Rajaver. Poke Bowl was established in 2018 and is Estonia’s first and largest restaurant chain […]