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.

Annual report: Energy Investment risk assessment 2018

by Katrīne Pļaviņa, Senior Associate, Latvia

Related Lawyers

Katrīne Pļaviņa

Senior Associate

+371 26 164 110

katrine.plavina@vilgerts.comEmail

Andris Dimants

Associate

+371 28 350 347

andris.dimants@vilgerts.comEmail

Related Experience

Successfully defending previous management board member in a litigation against one of the largest Latvian transport building factories. The claim for recovery of losses was brought due to company’s tax debt penalty EUR 0.13 Mio that was imposed for the period while the client held a position in company’s management board.

Providing legal assistance to Estonian company with enforcement of Estonian court’s decision of EUR 1.2 Mio debt recovery. On 7 June 2018 the district court satisfied client’s request and adopted a decision to enforce the Estonian court’s decision in Latvia.

Providing legal assistance to a real estate investment fund in an ongoing litigation against one of the subcontractors for violations in design and construction process which afterwards caused partial collapse of shopping mall’s ceiling. The amount of claim EUR 8.5 Mio.

Representing one of the largest Latvian construction companies in an ongoing litigation against Airport of Riga regarding the failure to pay for construction works. The amount of claim is EUR 0.5 Mio.

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