Sorainen has advised Nasdaq CSD SE on a cross-border merger with Nasdaq CSD Iceland hf.
Nasdaq CSD is headquartered in Latvia and also provides central securities depository services in Lithuania and Estonia. “With this transaction, it has consolidated Baltic and Icelandic CSD services under one company, thus achieving higher efficiency and greater competitiveness,” Sorainen reports. “After the merger, Nasdaq CSD SE will operate in Iceland via a branch.”
Sorainen’s team included Partner Rudolfs Engelis, Counsel Martins Rudzitis, and Senior Associate Zane Paeglite.