SORAINEN Lithuania advised major Lithuanian telecommunications company Tele2 on obtaining limited electronic money institution licensing, which allows provision of payment services and issue of e-money in Lithuania. Tele2 became the first telecommunications company in Lithuania to obtain an electronic money institution licence along with the right to provide a much wider range of payment services, […]
SORAINEN Latvia assisted Rigaburger, operator of the Hesburger restaurant chain in Latvia, on acquisition and development of land plots (e.g. at 4 Katoïu street and 7 Skanstes street) in Riga. SORAINEN assisted the client with structuring the transaction and drafting related agreements and documents. The transactions combined involved investment of over EUR 1 million to […]
SORAINEN Lithuania advised the very first Lithuanian payment initiation service provider, Mistertango, on providing payment initiation services in an unregulated market. On 8 October 2015 the European Parliament voted to pass the revised Directive on Payment Services (the PSD2). However, the PSD2 has not yet been implemented in Lithuanian legislation so that some legal uncertainty […]
Publication / Alexey Anischenko, Marina Golovnitskaya
February 2016 is expected to see the launch of a single market of medicines in the framework of the Eurasian Economic Union, which may be a game changer in the industry. Currently over 30 draft acts have been adopted, establishing EEU rules and principles for movement of medicines and covering such issues as registration, clinical […]
News
On 28 January 2016, partner Rûdolfs Eòìelis presented a guest lecture at the Riga Graduate School of Law (RGSL). The lecture focussed on bank restructurings and was part of the RGSL’s course on Banking and Securities Law. Together with the SORAINEN Banking and Finance team, Rûdolfs has been involved in the restructuring of Parex banka […]
