OREANDA-NEWS. SORAINEN Lithuania advised AIG, a leading international insurance organization serving customers in more than 130 countries, on opening a shared services centre in Lithuania. The centre will engage in insurance support activities and other shared services functions.

The SORAINEN team advised AIG on corporate, regulatory, employment, tax, real estate, commercial and other matters related to the launch of shared services functions in Lithuania. In addition, we represented AIG in negotiations with the Ministry of Economy over an investment agreement. Following the launch of the centre, the SORAINEN team is further assisting the client on local law matters. The opening of the AIG shared services centre is seen as one of the most notable recent foreign direct investment projects in Lithuania.

The SORAINEN team in this project was led by partners Algirdas Pekys and Tomas Kontautas.