Adon Legal has advised Lithuanian real estate developer Galio Group on receiving financing from Latvia's SEB Banka to complete the development of the Riga-based Gustavs Business Center.
Ellex Advises CleanR Group on Acquisition of RSC Noma
Ellex has advised AS CleanR Group on its completed acquisition of SIA RSC Noma. Sole practitioner Nauris Durevskis advised the sellers.
No Time Like the Present in Latvia: A Buzz Interview with Julija Jerneva of Vilgerts
Much like in other countries in the region, Latvia experienced a strong finish to 2022, with bustling M&A activity being driven primarily by the current geopolitical and economic developments, according to Vilgerts Partner Julija Jerneva.
TGS Baltic Advises Bethoc on Acquisition of Sport Revolution
TGS Baltic has advised Sweden's Bethoc on its acquisition of Sport Revolution from JLSR and Xstunda. Sole practitioners Ilze Lejina and Reinis Sokolovs reportedly advised the sellers.
Cobalt Advises Samsung C&T on Investment in Forta Pro
Cobalt has advised Samsung C&T on its investment and business collaboration with Latvian industrial manufacturer Forta Pro.
Cobalt Advises EIB on EUR 39 Million Loan to Latvijas Finieris Group
Cobalt has advised the European Investment Bank on granting a EUR 39 million loan to plywood manufacturer Latvijas Finieris Group.
Latvia: Restrictions to Freedom of Expression in Light of Informational Warfare
Following Russia’s war in Ukraine, Latvia has adopted preventive legislation in the name of its national security and interests. In particular, in May and September 2022, the Latvian Parliament adopted amendments to the law aimed at strengthening its information space. Thus, it is no longer allowed to retransmit programs whose jurisdiction undermines or threatens the territorial integrity, sovereignty, or national independence of another country.
Cobalt and Ellex Advise on HKScan Sale of Baltic Business to Maag Grupp
Cobalt, working with DLA Piper, has advised the HKScan corporation on the sale of its Baltic subsidiaries to the Maag Grupp. Ellex advised the buyer.
Sorainen Advises Rud Pedersen Group on Acquisition of Meta Advisory
Sorainen has advised PR and communications firm Rud Pedersen Group on its acquisition of the Meta Advisory Group.
Transactional Boom and Political Bust in Latvia: A Buzz Interview with Vita Liberte of BDO
A strong end to 2022, embodied by high levels of real estate transactions and M&A work – despite a legislative downturn and no government – is the buzz in Latvia, according to BDO Law Managing Partner Vita Liberte.
Cobalt Advises BaltCap on Entering Latvian Social and Healthcare Sector
Cobalt has advised the BaltCap Private Equity Fund III – acting through its subsidiary Adoro – on acquiring the assets of Dzives Abece.
Sorainen Provides Pro Bono Advice to Entrepreneurs for Peace in Refurbishing Ukrainian Society of the Deaf Premises
Sorainen has provided pro bono legal advice to the Entrepreneurs for Peace foundation on repairing all the explosion-damaged windows at the Ukrainian Society of the Deaf educational and manufacturing company in Chernihiv and preparing the building for the winter.
Cobalt Advises Danone on Intra-Group Restructuring
Cobalt, working with Bech-Bruun, has advised Danone company Nutricia on its intra-group restructuring by incorporating Danone SIA into Nutricia SIA.
Cobalt and BDO Law Advise on Sale of Blue Bridge Technologies
Cobalt has advised BaltCap Latvia Venture Capital Fund and funds managed by Imprimatur Capital, together with other shareholders, on the sale of Blue Bridge Technologies to Everfield. BDO Law advised Everfield on the deal.
Cobalt Advises Joint Lead Managers on EUR 850 Million Republic of Latvia Eurobond Issuance
Cobalt, working with Clifford Chance, has advised joint lead managers Citi, Deutsche Bank, Erste Group, and Nomura on the EUR 850 million issuance of 4-year eurobonds by the Republic of Latvia. Allen & Overy reportedly advised the Republic of Latvia.
Cobalt Successful for Biogas Power Plants Before Latvia’s Constitutional Court
Cobalt has successfully represented biogas power plants Ziedi JP, AD Biogazes Stacija, Bio Future, Gas Stream, Conatus Bioenergy, International Investments, Agro Lecava, RZS Energo, and Macibu un Petijumu Staimnieciba Vecauce before Latvia’s Constitutional Court in a dispute related to specific requirements for the efficient use of thermal energy under mandatory procurement.
Cobalt and Ellex Advise on LHV Financing for Dimedium Group Share Buyout
Cobalt has advised LHV Asset Management and LHV pension funds on their financing for the share buyout of the Dimedium Group. Ellex advised Dimedium.
Sorainen, Ellex, and Linklaters Advise on Sunly Raising EUR 200 Million
Sorainen has advised Sunly on raising approximately EUR 200 million to expand its renewable energy portfolio in the Baltics and Poland. The fundraising included existing shareholders and new investor Mirova. Ellex and Linklaters advised Mirova on the investment.