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, 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

Defended a department store before the Consumer Rights Protection Centre in alleged price display breach for loyal customers.

Helped an energy company to explore ways of overturning the regulators ruling that the transmission system operator was not independent of its shareholders. The main challenge in the case was focusing on the fiduciary duties of the client’s management in managing the company while the shareholders are creating a conflict of interest and compliance risks.

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.

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