Contrarian Ventures, advised by Sorainen, won a tender to become manager of a venture capital fund established by Lietuvos Energija. The state-owned energy company invested EUR 5 million in the fund. The same amount is expected to be attracted from other investors. The total amount of the fund could reach EUR 10 million. The fund […]
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At its 2017 “European Women in Business Law Awards” ceremony on 15 June, Euromoney Legal Media Group recognised Sorainen as the Best in the Baltics. The European Women in Business Law Awards recognize and celebrate companies with the best initiatives for gender diversity, innovations, minority women, mentoring, work-life balance, pro bono work and talent management, […]
Sorainen advised Harbortouch, a major provider of touch-screen point-of-sale (POS) systems and payment services in the USA, on launching operations in Vilnius. A product creation and development unit in Vilnius is to employ 80-90 people over the next few years; plans also involve establishing a global call centre in the Vilnius office. According to Jared […]
Sorainen represented international bank Alfa Bank in a dispute over loans personally granted by Vidmantas Kučinskas to Arvi NKP, which operates a fertilizer factory in Kaliningrad. Alfa Bank lent over EUR 10 million to Arvi NKP, according to contracts made in 2012-2014. In 2015 one of the Arvi group companies faced financial problems and Vidmantas […]
International automotive group Inchcape Motors acquired the assets of United Motors, becoming the exclusive distributor for BMW Group in Estonia. The business acquired serves customers of BMW Group and KIA, employing more than 90 people at retail sites in Tallinn, Tartu, Pärnu and Kohtla-Järve. The transaction received approval of the Estonian Competition Authority in June. […]