Sorainen
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Sorainen in cooperation with Brandl & Talos Attorneys at law (Vienna, Austria) advised investment company Novalpina, whose subsidiary made a public offer to acquire all the shares in listed Estonian gaming group Olympic Entertainment Group (OEG). Sorainen advice was related to regulatory and compliance matters relevant to OEG’s gaming operations in the Baltic States. The buyer, […]
Sorainen advised venture capital fund Open Circle Capital on its first investment – in Lithuanian start-up Tipi. The company develops information management and communication solutions for teamwork. Open Circle Capital invested along with Silicon Valley fund Sway Ventures and a group of private investors from the USA, the UK, France, Lithuania and Singapore. Total investment […]
Sorainen advised Corporate Services in obtaining an e-money institution licence from the Bank of Lithuania. The company belongs to the Latvia-based Corporate Solutions group which, through its related Latvia-based company PAYYAP Retail, provides solutions for small and medium sized merchants in the retail industry. Corporate Services in cooperation with PAYYAP Retail will provide technical and […]
Sorainen assisted WePower, a blockchain-based green energy trading platform, in obtaining a ground-breaking ruling from the Lithuanian tax authorities confirming favourable VAT treatment for issuance of cryptographic tokens. The Lithuanian tax authorities issued a positive ruling confirming that ICOs are VAT-exempt, thus allowing the client to save up to USD 7 million. WePower raised USD […]
