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Sorainen Advises Nasdad CSD on Integrating Iceland Depositary Business

Sorainen Advises Nasdad CSD on Integrating Iceland Depositary Business

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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.

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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.

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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

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