Book on Real Estate M&A in Latvia

Have an insight on the Latvian Real Estate market, including recent market activity, legal framework and most commonly used deal structures, and also general insight into tax considerations in the latest edition of the Real Estate M&A and Private Equity Review, a chapter on Latvia contributed by VILGERTS lawyers Gints Vilgerts and Linda Bērziņa.

To sum it up, the Latvian real estate market is a traditional market with standard transactions, and in recent years, market activity has been stable with some globally recognised investors entering the market for the first time. Because of high real estate transfer tax, most high-value transactions are engineered as sales of shares after an in-kind investment of the real estate into the share capital of the target company. Read the chapter about Latvia here.

by Gints Vilgerts, Partner, M&A, Latvia

Related Lawyers

Gints Vilgerts

Partner, M&A

+371 29 107 768

gints.vilgerts@vilgerts.comEmail

Vairis Dmitrijevs

Head of M&A

+371 29 258 370

vairis.dmitrijevs@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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