The Latvian office of TGS Baltic has represented the FXFair forex services provider in the process of attracting a new equity investor and throughout the shareholder change procedure.
TGS Baltic describes FXFair as "a brokerage company focusing on the Asian market and providing an opportunity for foreign investors to trade with currencies and metals using the popular platform MetaTrader 4." The identity of the new investor and size of its investment were not disclosed.
According to TGS Baltic, "the provided services included the entire process – from addressing the potential investors and participation in negotiations to drafting the transaction documentation and ensuring change of shareholder in accordance with the applicable legislation."
The TGS Baltic team was led by Latvian Senior Associate Alise Eljasane.