Sorainen advised venture capital fund Open Circle Capital on launching operations in Lithuania. Open Circle Capital is a EUR 20 million early-stage venture capital fund focused on technology companies in the fields of information and communication technologies, robotics and high-tech. Comments Audrius Milukas, manager of Open Circle Capital and one of its partners: “We are […]
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On 31 October 2017, Tax Foundation published its International Tax Competitiveness Index, and Estonia, for the fourth year in a row, holds firm to its top spot in the rankings, writes taxlinked.net. Estonia ranks highly as a result of the following factors: 1) “it has a 20% tax rate on corporate income that is only applied […]
Deals & Cases / Pekka Puolakka, Paul Künnap
Metsä Wood, the wood products arm of Metsä Group, acquired an industrial land plot in Estonia, Pärnu city in the spring and is establishing a birch plywood mill there. The cornerstone of the new factory was laid in August. The new mill is due to start production by the end of 2018 and will create […]
Sorainen acted as the Estonian legal advisor to Intrum in divesting Lindorff’s business in Estonia along with Lindorff’s business in Denmark, Finland and Sweden as well as Intrum Justitia’s business in Norway to Lowell. Offering debt collection and debt purchase as well as payment and invoicing services, the divested group operates in five markets and […]
KONE, a global leader in the elevator and escalator industry, invested in the Estonian startup Indoor.Ninja, a developer of cloud-based visitor management services, in an effort to improve and automate the check-in experience for office building visitors. Sorainen Estonia performed legal due diligence of the target and drafted transaction documents. The Sorainen team advising KONE included […]