Green bond issuance and base prospectus advice for Augstsprieguma tīkls

We advised Augstsprieguma tīkls, the Latvian transmission system operator, on its green bond issuance. Our work covered the preparation of the base prospectus and the related transaction documentation; advising on listing and central securities depository requirements; supporting the due diligence and disclosure workstreams; and preparing issue-specific summaries, managing translations and delivering legal opinion. This mandate […]

EIB and CEB finance EUR 110 million to deploy up to 160 zero-emission buses in Vilnius

We advised the European Investment Bank (EIB) and the Council of Europe Development Bank (CEB) on a EUR 110 million financing to deploy up to 160 new zero-emission buses and related charging infrastructure. Both banks are providing a EUR 55 million loan to Vilniaus Viešasis Transportas (VVT) – the city’s public transport operator – for […]

The Supreme Court upheld amendments to the Churches and Congregations Act

We successfully represented the Government of Estonia in constitutional review proceedings before the Supreme Court en banc concerning the constitutionality of amendments to the Churches and Congregations Act. The proceedings were initiated after the president refused to promulgate the law, arguing that the amendments disproportionately restricted freedom of religion and freedom of association. On 8 […]

Representing Atlas Aerospace in strategic EU defence procurement proceedings

Sorainen is advising Atlas Aerospace, a Latvian aerospace company, in proceedings concerning its exclusion from Italian Ministry of Defence tender procedures for the supply of remotely piloted aircraft systems, financed through the EU’s Security Action for Europe (SAFE) instrument. The proceedings raise significant questions regarding the interpretation of the SAFE Regulation, in particular the eligibility […]

Cybersecurity in practice: is your company prepared for an incident?