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INVL Baltic Sea Growth Fund acquires 52.81% in Eco Baltia

by Vairis Dmitrijevs, Head of M&A, Latvia

VILGERTS assisted INVL Baltic Sea Growth Fund in acquiring 52.81% in Eco Baltia. Partners at INVL Baltic Sea Growth Fund, Mr. Vytautas Plunksnis and Mrs. Deimantė Korsakaitė, made a tremendous effort in making this land mark deal happening. VILGERTS team...

Downtime is not an option

by Gints Vilgerts, Partner, M&A, Latvia

Dienas Bizness  For a business, reducing costs in the event of decline in turnover is a matter of survival. One of the biggest costs is wages. How to address the issue of declining turnover? The government suggests implementing downtime. Business...

COVID-19 CONTRACT CLAUSE

by Gints Vilgerts, Partner, M&A, Latvia

To minimise financial risks, both parties shall consider including the following clause: “No Party shall be liable for delay, if it has exercised due professional diligence and, therefore, is not at fault for delay caused by spread of the COVID-19...

You do not have the right to remain silent

by Debora Pāvila, Partner, Latvia

Dienas Bizness | Opinion “I am no thief” – an accused person once said to defend himself in a 17th-century English courtroom. To which the judge coldly replied, “Then you must prove it.” The poor man was likely hanged, as...

Related Experience

Assisted INVL Baltic Sea Growth Fund in acquiring controlling stake in Eco Baltia. VILGERTS team assisted in the whole process, including with legal due diligence, merger control, transaction advisory and negotiations.

Assistance to Easytrip B.V. in a legal action in Netherlands against SIA Kreiss. The court in Netherlands has passed a decision favourable to the client in late 2019, which is already being enforced in Latvia.

Providing legal assistance to one of the largest Latvian glass manufacturers in a cross-border dispute with Italian company regarding the delivered goods. On 26 June 2019 the court satisfied client’s request to ensure the claim by seizing the debtor’s financial means in Italy.

Drafted guidelines for medical waste management tenders on behalf of the industry association – Latvian Association of Waste Management Companies. The guidelines were drafted in close cooperation with the Latvian Procurement Monitoring Bureau and approved by them.

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