On 23 February 2018, the European Central Bank (ECB) determined that ABLV Bank, then the third largest bank in Latvia, was failing or likely to fail in accordance with the Single Resolution Mechanism Regulation. The ECB also determined that ABLV Bank Luxembourg, a subsidiary of the Latvian bank, was failing or likely to fail. The […]
Mobile payment platform MoQ has launched its activities in Lithuania. The platform is managed by Mobilieji mokėjimai, a company founded by three biggest competitors in Lithuanian telecommunications sector – Telia Lietuva, Tele2 and Bitė Lietuva. This is the first mobile payment platform in the Baltics and the first such project in European practice to be […]
Publication / Alexey Anischenko, Alexey Fidek, Valeria Dubeshka
Publication / Alexey Anischenko, Alexey Fidek, Valeria Dubeshka
Ministry of Finance of the Republic of Belarus has published a draft of the new Tax Code for 2019 on its official website. The changes are expected to come into force on 1 January 2019. Please see key changes below. Important for owners and CEOs Incentives on dividends in case of reinvestment Planned change: distribution […]
Sorainen has been advising Hewlett Packard Enterprise (HPE) on contracting Swiss-based ALSO Holding to run its sales and services business in Lithuania, Ukraine and Belarus. US-based HPE provides IT, technology and enterprise products, solutions and services worldwide. ALSO Holding offers services at all levels of the ICT value chain. Under the agreement, ALSO will set […]