OREANDA-NEWS. December 30, 2014. SORAINEN contributed to a study on crowdfunding regulation organised by the European Crowdfunding Network AISBL (ECN) and law firm Osborne Clark.

Comprehensive interpretation and legal analysis of crowdfunding regulation in the Baltic States provided by SORAINEN was included in a paper entitled ECN Review of Crowdfunding Regulation 2014 presented at the ECN Crowdfunding Convention in Paris in November 2014. The study analysed legal regulation of crowdfunding in 30 countries (Europe, North America and Israel). ECN studies are well received by the European Commission, ESMA and the European Banking Authority and help significantly to comprehend crowdfunding regulation across Europe and abroad.

SORAINEN is the first to undertake a detailed analysis of the current complex regulation of crowdfunding in the Baltic States. A study on regulation in the Baltic States should help create a framework and conditions for the success of crowdfunding. In turn, this should help entrepreneurs, innovators and private investors build a growing economy.

The project was led by partners Tomas Kontautas, Rudolfs Engelis and Reimo Hammerberg, senior associate Augustas Klezys, associates Arturas Asakavicius, Edvins Draba and Helen Ratso.