The promise of a return to normal, considerable public debt, a controversial WWII compensation ruling, AML-linked blockages, and a potential real estate bubble are the main discussion topics among lawyers in Latvia according to Reihmanis & Partners Partner Karlis Reihmanis.
Edgars Lodzins Makes Partner at Cobalt
Former Specialist Counsel Edgars Lodzins has become a Partner in Cobalt’s Latvia office.
Nauris Grigals Joins Sorainen as Partner
Former TGS Baltics Partner Nauris Grigals has joined Sorainen as Partner and Co-Head of the firm’s Corporate and M&A practice.
Latvia’s Amended Advocacy Law: A Change Affecting all Law Firms
On February 18, 2021, following a five-year preparation period, the Saeima – the parliament of the Republic of Latvia – adopted amendments to the country’s Advocacy Law, addressing, inter alia, the proper corporate form for law firms. Going forward, in Latvia, a law firm must either be a partnership (either general or limited) or a limited liability company. CEE Legal Matters spoke with several Latvian lawyers about the newly amended law.
Marta Cera Becomes Co-Head of Ellex Finance and Tax Practice in Latvia
Senior Associate Marta Cera was appointed Co-Head of Ellex's Finance and Tax practice group in Latvia, alongside Associate Partner Valters Diure.
Real Estate Laws and Regulations in Latvia
Contributed by RER Lextal.
The Buzz in Latvia: Interview with Guntars Zile of Cobalt
COVID-19 remains one of the most prominent factors, directly and indirectly impacting the overall political, legal, and economic scenes in Latvia, according to Cobalt Partner Guntars Zile.
12 Recommendations to Consider Before Buying Real Estate in the Baltics
The real estate market in all three Baltic States is closely related and, although the legal systems vary a bit, buyers face the same or similar issues. Although important details concerning the purchase of real estate are brought forth in the sale contract drawn up by a notary (in Estonia and Lithuania) or attorney at law (in Latvia), in practice various nuances still tend to be left unattended.
Expat on the Market: Interview with Charles Clarke of Vilgerts
An interview with Charles Clarke of Vilgerts, about his path from the UK to Latvia.
Guest Editorial: Turning Crisis into Opportunity
In my career, I have lived through four crises. In 1991, when I started a legal business, there was a total economic collapse, with a shortage of the most basic essential goods – no furniture or computers, or even proper light bulbs for the office. Then there was the ‘Russian’ crisis of 2000, a crisis of foreign currency and the ruble. The one of 2008-2010 followed. And now we have the COVID-19 pandemic – perhaps not so much an economic crisis as one arising from a climate of uncertainty.
Competition and Competition Litigation Laws and Regulations in Latvia
Contributed by Eversheds Sutherland Bitans.
The Corner Office: How Do You Disconnect?
In “The Corner Office” we ask Managing Partners at law firms across Central and Eastern Europe about their backgrounds, strategies, and responsibilities. With summer having just passed, the question this time: What is your one favorite yearly activity to disconnect?
Trends and Prospects for Energy in Latvia
The energy market in Latvia is in a constant process of development, on both the regulatory and business sides. The following highlights suggest the energy sector will remain active in the foreseeable future, providing new opportunities for potential investors.
International Franchise Handbook: Focus on Latvia
Franchising may be an attractive proposition for many companies wishing to expand internationally. Take a look at this overview to discover the applicable franchise law in Latvia, covering the essentials for franchisors, the relevant areas of law, selected aspects such as fees, and dispute resolution and applicable law.
In a League (Table) of Their Own: A Look at Baltic Firms’ Volume of Client Matters
Regional periodical league tables ranking M&A activity through the lens of the law firms advising on the deals are often dominated by Baltic law firms, with the CEELM Index special issue of the CEE Legal Matters magazine reflecting the same trend. To better understand why that is so, we spoke with several Partners – from both Baltic firms and other CEE jurisdictions.
ICC International Court of Arbitration Appoints Malgorzata Surdek-Janicka as Vice-President
CMS' Malgorzata Surdek-Janicka has been appointed as Vice-President of the International Court of Arbitration at the International Chamber of Commerce in Paris. Aside from Surdek-Janicka, 33 lawyers from CEE were appointed as members and alternate members of the court.
Deal 5: Evernord CFO and Board Member Arnas Vedeckis on Acquisition of Novira Plaza in Riga
On April 22, 2021, CEE Legal Matters reported that TGS Baltic had advised the Evernord Real Estate Fund III, managed by Vilnius-based investment firm Evernord Asset Management, on its acquisition of a 65% stake in Riga's Novira Plaza business center. CEE In-House Matters spoke with Arnas Vedeckis, CFO and Member of the Board at Evernord, to learn more about the deal.
Foreign Direct Investment in Central Europe: Latvia
The global pandemic has impacted all markets, with subsequent ramifications for M&A. Investors are now seeking greater protection against general lock-downs and supply-chain disruptions, while governments aim to protect critical supplies and services by imposing new regulations on foreign investment in crucial or strategic industries.