Cobalt has successfully represented AirBaltic and the Riga International Airport before the Supreme Court of Lithuania against antitrust claims brought by bankrupt carrier FlyLAL.
TGS Baltic Advises BlackSheep Ventures on Investment in Roibox
TGS Baltic has advised BlackSheep Ventures on its planned EUR 2 million investment into geospatial advertising platform developer Roibox.
Closing: INVL Acquisition of Mandatum Life’s Baltic Insurance Business Now Closed
On July 1, 2022, Sorainen announced that INVL’s acquisition of the Mandatum Life Baltic insurance business (reported by CEE Legal Matters on June 29, 2021) had closed, after obtaining all the necessary licenses and permits from the Baltic and Finnish supervisory authorities (as reported by CEE Legal Matters on March 18, 2022).
Cobalt Advises Hepsor on Acquisition of Commercial Property in Riga
Cobalt has advised Hepsor on its EUR 3.6 million acquisition of the 30,624 square-meter Ganibu Dambis 17A commercial property in Riga from unidentified sellers.
Recovery and Resilience Plans in CEE: Overview and Implementation
Entering into force on February 19, 2021, the EU Recovery and Resilience Facility aimed, according to the European Commission, “to mitigate the economic and social impact of the coronavirus pandemic and make European economies and societies more sustainable, resilient, and better prepared for the challenges and opportunities of the green and digital transitions.” CEE Legal Matters spoke with lawyers from Bulgaria, Greece, Hungary, Latvia, Poland, and Romania to learn what each country focused on, with its Recovery and Resilience Plan (RRP), and what difficulties lie ahead, now that these plans have been submitted to the EC.
Closing: Tet's Acquisition of Telia Latvia Shares Now Closed
On June 21, 2022, TGS Baltic announced that Tet’s acquisition of shares in Telia Latvija (reported by CEE Legal Matters on January 10, 2022) has now closed, following regulatory approval.
The Buzz in Latvia: Interview with Eriks Blumbergs of Triniti
The pandemic-related consequences and the reluctance of Scandinavian funds to invest in the Baltic states, with Latvia being considered a potential war zone, led to the re-evaluation of the country's most active sectors, according to Triniti Latvia Director of Business Development Eriks Blumbergs.
Skrastins & Dzenis Successful for PNB Banka in LCIA Arbitration
Skrastins & Dzenis has successfully represented the insolvent PNB Banka in five arbitration proceedings at the London Court of International Arbitration, with the bank's claims against its shareholders amounting to about EUR 50 million.
Sorainen Successful for Sia Prolux in Jelgava School Procurement Challenge
Sorainen’s Latvian office has successfully represented Sia Prolux in challenging the negotiation procedure for the “Delivery and installation of kitchen equipment at the Jelgava state municipality educational institution Jelgava Technology Secondary School” at Meiju Road 9, Jelgava, organized by the Jelgava city municipality and held at the Procurement Monitoring Bureau.
Cobalt Successful for Food Union in Unfair Dismissal Case
Cobalt has successfully represented Food Union group company Rigas Piena Kombinats in a court dispute against a former employee regarding the invalidation of the termination notice and the recovery of unpaid wages.
White Collar Crime Laws and Regulations in Latvia
Contributed by Ellex.
TGS Baltic Advises Remg Trade, Executo, and Future Farm on Sale of Selp Wind Project
TGS Baltic has advised Remg Trade, Executo, and Future Farm on the sale of Selp to the Taaleri Group and Lords LB Asset Management. Sorainen reportedly advised the buyers.
Cobalt Advises VPH on Development of Shopping Complex in Riga
Cobalt has advised real estate developer VPH on the development of a shopping complex on the site of the former Riga Dairy Factory, in the center of Riga, with a total investment of up to EUR 40 million.
Cobalt Successful for Pienava Wind in Dispute Against Tukums Municipality
Cobalt has successfully represented Eolus Vind subsidiary Pienava Wind before Latvia's Administrative Regional Court in a dispute against the Tukums Municipality for the approval of the construction of a 22-turbine wind farm.
Cobalt Advises on EUR 100 Million Latvenergo Green Bonds Issuance
Cobalt has advised Latvenergo AS on its issuance of EUR 100 million five-year green bonds with a fixed annual interest rate and a yield to maturity of 2.42%.
Triniti Advises Enersense on Increasing Stake in Empower
Triniti has advised Enersense on the exercise of its call option to increase its shareholding in the local Latvian affiliate Empower.
The Buzz in Latvia: Interview with Maris Vainovskis of Eversheds Sutherland
The word of the day in Latvia is resilience – that of the M&A market, capital markets, and overall business sectors, according to Eversheds Sutherland Partner Maris Vainovskis.
Ellex Advises on Global Restructuring of ED&F Man Group
Ellex has advised the coordinating committee of ED&F Man Group’s senior creditors in refinancing and extending the group’s financial debt, with the transaction taking place simultaneously in over 30 jurisdictions.