The labor shortage issue has been a growing problem in the job market for a long time now. In the long-term employers are looking for ways to improve working conditions, to keep employees engaged and to attract new ones. One of the ways to fix the labor shortage issue is employee poaching. What are the legal and ethical aspects of employee poaching and how to lessen the risk of another job market recruiting employees?

Ellex has advised HOF Ehf on the sale of Baltic IKEA stores to Inter IKEA Group. Walless advised FE Corporation, the sellers of the Lithuanian store operator. Sorainen reportedly advised Inter IKEA Group.

Cobalt has advised Decathlon on a new lease agreement with Spice Home shopping center in Riga, Latvia. Azanda & Associates reportedly advised Spice Home.

TGS Baltic has advised Latvian agricultural cooperative LPKS Latraps on the EUR 8 million issuance and listing of bonds on the Nasdaq Riga First North alternative market with Signet Bank as the arranger.

Walless has advised Baltic Horizon Fund on an office lease agreement with the International School of Riga. Sorainen reportedly advised International School of Riga.

Eversheds Sutherland has advised Everfield on its acquisition of Meditec AB and Medicloud SIA. Cobalt advised the sellers.

Evo Legal Founder Arina Stivrina has joined Walless’ Latvia team as an Associate Partner.

Cobalt has advised Latvenergo on its acquisition of DSE Aizpute Solar from developer Danish Sun Energy ApS. Sorainen reportedly advised the sellers.

TGS Baltic, working with Linklaters, has advised sole bookrunner Citigroup Global Markets Europe on the tap issue of EUR 40 million 14.50% senior secured bonds by the Latvian national airline AirBaltic. Cobalt, working with Dentons, advised AirBaltic.

TGS Baltic has advised one of the founders and sole board member of Altero Group Arturs Kostins on his exit and management handover to OM Teenused. Ellex reportedly advised OM Teenused.

Ellex has advised Capitec on its acquisition of AvaFin. Bowmans reportedly advised the buyers as well.

Cobalt, working with Cooley, has advised Printify on its merger with Printful. Ellex, working with Latham & Watkins, advised Printful.

Cobalt has advised Consolis Latvia on a partnership agreement with the Nordex Group.

Raising funds on the capital market—through the issuance of shares or bonds—provides companies with substantial advantages. Obtaining funds through capital market not only facilitates diversification of financial portfolios and reduces dependence on bank financing but also conveys a strong message to the issuer’s customers and business partners, illustrating the commitment to high standards of corporate governance. At the same time, by ensuring that the company’s securities are publicly listed, its members of the management board take responsibility towards the company itself, the shareholders, and other investors.

TGS Baltic has successfully represented Estonian fishing company Porgukass in a dispute concerning compensation for damaged fishing equipment.

TGS Baltic has advised Duck Republik on the acquisition of the Duck Slokas real estate development company. Sole practitioner Aleksejs Petrovs advised the sellers.

TGS Baltic has advised Latvenergo on its acquisition of SIA Laflora Energy to build a wind power plant with a total capacity of 108.8 megawatts in the former peat extraction area of Kaigu Bog in Livberze County. Sole practitioner Janis Junkers advised the sellers.

TGS Baltic has advised Marinetek Group on the full acquisition of shares of Marinetek Latvia by buying out a minority shareholder.