Ellex Klavins has advised GoCardless on its acquisition of Nordigen. Sorainen advised Nordigen.

Cobalt has advised the BaltCap Latvia Venture Capital Fund and other shareholders on their sale of Vendon to Azkoyen. Garrigues reportedly advised the buyer.

Ilyashev & Partners has announced it has started a cooperation with Glimstedt to expand the firm's capabilities in EU countries.

Cobalt has advised vehicle parts distributor Meko on its EUR 122 million acquisition of spare parts and services provider Koivunen.

Sorainen has advised IK Partners and the Renta Group on the acquisition of the Uprent Group.

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 has advised BlackSheep Ventures on its planned EUR 2 million investment into geospatial advertising platform developer Roibox.

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 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.

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.

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 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 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’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 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.

Contributed by Ellex.

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 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.