Capital Markets

Because we operate as a single firm and a single team across all the four countries we cover, we have a vast combined knowledge of sovereign debt transactions, issues of corporate bonds (including the green ones) and, more recently, initial public offerings. Connecting regional expertise with local hands-on knowledge, we have helped Nasdaq in creating the first cross-border central securities depository in Europe under the new CSDR regime; we have developed close-out netting legislation in Lithuania in cooperation with ISDA; and we are developing covered bond legislation for all three of the Baltic States to make a new funding tool available for banks, and to make a new asset class available for investors.

We can help you with

  • Licensing
  • Market regulation
  • Compliance and conduct of business rules
  • Developing new investment products
  • Legislative reform

Contact us

Experience

  • Legal Adviser

    ISDA netting country opinion for Lithuania

    Commissioned by the International Swaps and Derivatives Association (ISDA) Sorainen prepared a country opinion for Lithuania on netting provisions under ISDA Master Agreements and other related ISDA standard documents. The ISDA programme dedicated to publishing new and updated legal opinions currently covers 64 jurisdictions

  • Legal Adviser

    International banking syndicate: Citigroup, Carnegie Investment Bank, Erste Group, Swedbank and LHV

    Acting alongside Cleary Gottlieb Steen Hamilton as legal advisor to international banking syndicate in the IPO of Port of Tallinn, the largest port operator in Estonia

    EUR 147.4 million
  • Legal Adviser

    Elering

    Successful Eurobond issue. The bond matures in 2023, pays a coupon of 0.875% annually and will be listed on the London Stock Exchange

    EUR 225 million
  • Legal Adviser

    Nasdaq

    Merging of central securities depositories in the Baltics under a new, more robust legal framework

  • Legal Adviser

    Baltic Horizon Fund

    Advising on the Fund’s IPO and subsequent listing of securities on OMX Nasdaq Tallinn exchange

    EUR 20 million
  • Legal Adviser

    Baring Vostok Private Equity Fund V

    Support in connection with acquisition of a minority stake in Itransition, a Belarusian software developer

  • Legal Adviser

    Zubr Capital and EBRD invest

    Assisted co-investors in equity investment in Targetprocess company group, a highly-ranked Belarusian developer

  • Legal Adviser

    BNP Paribas

    Advising joint lead managers on issue of $750 million notes due 2021 issued by the Republic of Lithuania

    USD 750 million