EIRA annual report: energy investments in Latvia

VILGERTS Law Firm shared their expertise with the team behind Energy Investment Risk Assessment (EIRA) for the International Energy Charter. This prestigious publication will assist governments improve investment conditions for foreign investors in the energy sector.

VILGERTS Head of Regulatory, Katrīne Pļaviņa, recommends investors into renewables to be aware of the yearly amendments to the national feed-in tariff scheme, which intends to cut the subsidy levels sometimes below market price. As the EIRA report notes, the government lags behind ensuring  an open procedure for such amendments and safeguarding the investor’s interests.

EIRA intends to help countries make smart regulatory choices and develop effective strategies that ensure investor confidence is established and retained over time. It is premised on best practices and measures that enable a resilient investment environment, including a level playing field for domestic and foreign investors.

 

by Katrīne Pļaviņa, Attorney-at-law, Latvia

Related Lawyers

Katrīne Pļaviņa

Attorney-at-law

+371 26 164 110

katrine.plavina@vilgerts.comEmail

Andris Dimants

Associate

+371 28 350 347

andris.dimants@vilgerts.comEmail

Related Experience

Representing a Latvian top 15 company in an ongoing collective dispute with several trade unions. The dispute concerns the interpretation of the rules that determine the amount of compensation that employees may claim in case of business trips or work travel trips.

Representing the client before the State Employment Inspectorate regarding alleged discrimination of employees on the grounds of family status. The case shall clarify, whether employees must issue health insurance to employees, who are on parental leave.

Successfully defending owner of an airport hangar against claim brought by construction company regarding the owner’s refusal to pay for the defective construction works. On 14 January 2019 the district court adopted a judgement in favour of the client, which became effective as of 5 February 2019.

Representing an aviation company in an ongoing litigation regarding the repayment of investments. The company who received the funds later transferred its’ business in several coordinated transactions to a related company, and thereafter became insolvent. The client brought a claim against the recipient of the borrower’s business pursuant to Article 20 of Commercial Law.

Instagram