Sorainen Lithuania has assisted Pontos Group and its Estonian subsidiary, Pontos Baltic, on the EUR 47 million sale of the RYO shopping center in Panevezys, in northern Lithuania, to EfTEN Real Estate Fund 4, managed by EfTEN Capital. Fort Legal advised the buyers on the deal.
In recent years, blockchain technology has offered the business world a variety of new and innovative ways to improve and grow. Starting with initial coin offerings, blockchain technology has found its way into the financial services industry and many other fields of business in Lithuania. The trend of “asset tokenization” has recently become popular among companies seeking to adopt innovative modern technologies and create novel ways to apply blockchain technology when doing business. However, as convenient and simple as it may seem, asset tokenization is an extremely complicated business model, challenging not only the traditional approaches to the sale and purchase of assets, but also raising questions about the relevance of applicable laws and regulations currently in effect.