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Latvia has recently taken significant steps to amend its arbitration law, introducing a set-aside mechanism among other necessary changes. This article provides an overview of the background to these changes, the specifics of the new set-aside mechanism, and other amendments made to the Latvian arbitration law.

For our Checking In feature, we reach out to partners and heads of practice across CEE to learn how specific practice areas are faring in their jurisdictions. For this piece, we asked firm Labor experts:  Have whistleblowing regulations been implemented in your jurisdiction and would you advise companies to use an external solution or an in-house one? Why?

Cobalt, working with Dentons, has advised Latvian national airline AirBaltic on its EUR 340 million issuance of senior secured bonds with a maturity of 5.25 years to be listed on the Euronext Dublin stock exchange. TGS Baltic, working with Linklaters, advised joint global coordinators BNP Paribas, Citi, and JP Morgan, joint bookrunners Morgan Stanley and SEB, and co-managers LHV and Signet Bank.

Estonian law firm Lextal, Latvian law firm RER Lextal, and Lithuanian law firm ILAW Lextal have unveiled their new name and identity: Widen, "a Baltic law firm that sees itself as the Legal Jazz Company."

It is a time of transformative change for the Baltic region, according to Spridzans, Snipe & Hramcenko Partner Ansis Spridzans, considering important developments like the Rail Baltica project connecting Tallinn, Riga, and Vilnius in the Baltic states with Central Europe, the growth of fintech and cutting-edge finance, and the impact of ESG on the Latvian banking and finance sector.

Cobalt has advised Latvian national carrier AirBaltic on its agreement with UPB Nams for the construction of the Baltic Cargo Hub at the Riga Airport, as well as on the related agreements with Riga Airport and design and construction agreements.

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