On 3 May 2020 the Lithuanian Ministry of Economy and Innovation approved a state aid scheme for partial rent compensation for businesses most affected by COVID-19. This aid scheme entered into force on 4 May 2020; to take advantage of it, tenants must apply to INVEGA. Who qualifies for compensation Tenants wishing to claim partial […]
We represented Tallinna Linnatranspordi Aktsiaselts (TLT), a company fully owned by the City of Tallinn, in a procurement to purchase compressed gas for TLT’s natural gas-powered buses. The buses are due to arrive late in the summer of 2020 and the supply of gas will last for the next 10 years. The procurement also included […]
Deals & Cases / Alexey Anischenko, Valeria Dubeshka
We helped a large Belarussian producer of pulp and paper products to continue fulfilling a contract, despite COVID-19 pandemic force majeure circumstances announced by the counterparty. The foreign supplier stopped fulfilling its contractual obligations, justifying this with the epidemiological situation and claiming force majeure. With our help, the client prepared an answer categorically opposing termination […]
Publication
Sorainen has launched a special pro bono program dedicated to supporting projects in the Baltics and Belarus set up to help solve pandemic-related issues. According to the firm, “by doing this [Sorainen] will effectively distribute EUR 100,000 worth of legal and tax support” through pro bono services. Full article can be found here.
We assisted DEG – Deutsche Investitions- und Entwicklungsgesellschaft with acquisition of shares in Belgips JSC, the only Belarusian manufacturer of gypsum-based building materials. The acquisition followed successful implementation by Belgips of a major investment project involving construction of a new highly automated and energy efficient plant in Gatovo, Belarus. DEG finances long-term private-sector investments in […]
