Name
Elīza Grīnvalde

Senior Associate

Languages

English, Latvian, Russian

Location

Latvia

Primary practices:

Banking & Finance, Anti-Money Laundering (AML) and Sanctions

Secondary practices:

Corporate, GDPR & Data Protection

Contacts

+371 22 403 488

eliza.grinvalde@vilgerts.com

Contacts

+371 22 403 488

eliza.grinvalde@vilgerts.com

Primary practices:

Banking & Finance, Anti-Money Laundering (AML) and Sanctions

Secondary practices:

Corporate, GDPR & Data Protection

Profile

Elīza Grīnvalde, LL.M., is a Senior Associate at VILGERTS’ and a part of the firm’s Banking & Finance, AML and Corporate teams.

Elīza assists the firm’s clients across a range of simple and complex banking & finance matters including issue of bonds, various loan transactions and licensing process for participants of Latvian financial market. Elīza’s recent experience includes advising AS DelfinGroup on the conditions of the unsecured bond issue prospectus, in the amount of EUR 15 million.

Elīza is also a Certified Anti-Money Laundering Specialist (CAMS). Elīza advises the firm’s clients on the preparation and implementation of KYC/AML and sanctions procedures for internal use, by performing internal audits, as well as advising on the registration of UBOs for both simple and complex corporate structures. Elīza’s recent experience includes preparing the AML/Sanctions internal control system for a leading food retail company in Latvia.

Elīza further assists the firm’s clients across the full spectrum of corporate & commercial matters, including daily tasks such as, company establishment and liquidation, company reorganisation and the drafting of corporate documents, to more complex corporate restructuring and insolvency matters, including managing of the corporate matters in M&A transaction. Elīza’s recent experience includes advising on related corporate matters concerning East Capital Real Estate’s EUR 5 million acquisition of Hepsor U30 SIA (a subsidiary of the Estonian company, Hepsor Latvia OÜ), which owned a commercial building called “StokOfiss U30”, developed by Hepsor.

Career

2023 – present / Senior Associate, VILGERTS
2017 – 2021 / Associate, AML specialist, VILGERTS
2016 – 2017 / Immigration Compliance Coordinator, Fragomen LLP

Education

2017 / University of Westminster, LL.M. International Commercial Law
2015 / Riga Graduate School of Law, LL.B.

Experience

Advising East Capital Real Estate Fund IV on the various legal aspects of its EUR 83,000,000 (approximate) acquisition of 100% of the shares in Deglava Real Estate SIA (a subsidiary of ICA Gruppen (Sweden)), which owns a modern 94,000 square meters logistical and office center in Riga.  The transaction is one of the largest and most significant real estate transactions to occur in Latvia during 2023.

The VILGERTS’ finance team advised Advance Global Capital Ltd, a leading global investment management company, on the various legal aspects of its EUR 6 million revolving credit facility to an international factoring company, headquartered in Latvia.

VILGERTS team advised AS DelfinGroup on the conditions of the unsecured bond issue prospectus in the amount of EUR 15 million. The prospectus for the issue of unsecured bonds includes both the opportunity for new investors to purchase the new unsecured bonds from 4 August 2023, as well as the opportunity for existing investors of certain categories of bonds to exchange existing bonds for new ones.

VILGERTS’ advises East Capital Real Estate on its EUR 53 million acquisition of the iconic “Place 11” office building in Riga (GLA 16,000 sqm) from the Hanner Group. According to Colliers, this is the largest commercial property transaction to have occurred in Latvia during 2022.  

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Team