Cobalt Latvia's Corporate practice group has assisted AS Eves Agro on its "inclusion" of SIA Palsa under a special Latvian process.
Both SIA Palsa and AS Eves Agro are primarily engaged in crop production and dairy farming.
According to Cobalt, "an inclusion is a special legal process available under Latvian Group of Companies Law that allows the parent entity to absorb its subsidiary, provided that minority shareholders of the subsidiary are adequately remunerated for their shares. However, contrary to typical merger process, the inclusion process allows the subsidiary and the parent entity to continue as separate legal entities."
According to Cobalt, "in this assignment [the firm] assumed overall responsibility for coordinating the various steps towards the successful inclusion of SIA Palsa, includ[ing] advising the client [on] safeguarding minority shareholder rights, drafting necessary corporate documents, and registering the inclusion in the Commercial register.
The Cobalt team was led by Partner Gatis Flinters and Associate Marija Berdova.
