Sorainen has advised electronic money institution Verse Payments Lithuania on its acquisition by Square, an electronic payment and financial services company headquartered in San Francisco and listed on the New York Stock Exchange. Walless advised Square.
According to Sorainen, "Verse employees will join the Square team, who are developing the Cash App – a peer-to-peer payment app that lets its users easily send and receive money from their phone. Verse will continue to operate as an independent company, and its teams will be based in their current offices."
Sorainen's team consisted of Partner Tomas Kontautas, Senior Associate Laura Matukaityte, and Associates Sidas Sokolovas and Ieva Tumalaviciute.
Walless's team consisted of Managing Partner Dovile Burgiene, Partner Joana Baublyte-Kulviete, Associate Partner Alina Makovska, and Associate Akvile Marozaite.