14
Fri, Aug
62 New Articles

Sorainen Advises Vienna Insurance Group on Consolidating Business of Baltic Non-Life Insurance Companies

Sorainen Advises Vienna Insurance Group on Consolidating Business of Baltic Non-Life Insurance Companies

Deals and Cases
Tools
Typography
  • Smaller Small Medium Big Bigger
  • Default Helvetica Segoe Georgia Times

Sorainen has advised the Vienna Insurance Group on consolidating the businesses of its group non-life insurance companies Compensa and Seesam in Lithuania, Latvia, and Estonia. 

As a result of the transaction, VIG consolidated the businesses of Lithuania's Compensa with branches in Latvia and Estonia, Estonia's Seesam with branches in Lithuania and Latvia, and Compensa's subsidiaries in Lithuania and Latvia - both insurance intermediaries.

“The aim of the merger is to optimize and simplify group structure,” Sorainen reports, adding that “all rights and obligations of Seesam Insurance have been taken over by Compensa Vienna Insurance Group, which will execute all contracts concluded between Seesam Insurance and its customers without changes.”

Sorainen’s team was led by Vilnius-based Partner Mantas Petkevicius and Senior Associates Agne Sovaite and Inga Macijauskaite. The firm's team included, in Lithuania, Partners Tomas Kontautas and Saule Dagilyte, Senior Associates Rasa Mikutiene and Irma Kirklyte, and Associate Aurelija Daubaraite; in Latvia, Partners Eva Berlaus and Rudolfs Engelis and Senior Associates Zane Paeglite, Santa Rubina, and Aija Lasmane; and in Estonia, Partners Karin Madisson and Reimo Hammerberg, Counsel Isabella Barbara Aavik, Senior Associates Monika Tomberg and Tanel Molok, and Associate Nele Suurmets.

Estonian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.

 

Our Latest Issue