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Publication / Alexey Anischenko
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Sorainen Belarus acted as local counsel for the Eurasian Development Bank (EDB) on the extension of a USD 15 million loan to the “Vasily Kozlov” Minsk Electrotechnical Plant (METZ). The loan agreement was signed in Minsk on 18 August to finance modernisation of equipment used in production of transformers. Total project value exceeds USD 55 […]
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Sorainen has advised Nordea, the largest financial services group in northern Europe, on the transfer of its Baltic banking business, operated by Nordea Bank Finland in Estonia, Latvia and Lithuania, to its Swedish parent company Nordea Bank. This was the first transfer of a pan-Baltic credit institution business as a going concern of such scale […]
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New rule for employee registration before commencing work Taxation Act amendments to create a national register of employees were enacted by the Parliament (Riigikogu) on 26 March 2014. Details of everyone starting work in Estonia must be registered in advance. The amendments are due to enter into force on 1 July 2014 According to an […]
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Sorainen Belarus jointly with the Moscow office of Chadbourne & Parke is advising on trust management arrangements with regard to MAZ and KamAZ shares in the context of potential formation of a holding company. MAZ and KamAZ are the automotive giants in the Republic of Belarus and the Russian Federation respectively. The majority shareholder of KamAZ is Russian state corporation Rostec. […]
