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If you intend to sell your business – good planning pays off

by Gints Vilgerts, Partner, M&A, Latvia

If you want to sell your business for the highest possible price, you need to do your homework. Usually the to-do list is clear, but the list may become longer after receiving the first comments from potential buyers and advisors....

Seller’s liability in M&A transactions

by Vairis Dmitrijevs, Head of M&A, Latvia

Publication in magazine Bilances Juridiskie Padomi / No. 5 (71), May 2019 Contractual Limitations of Seller’s Liability in Business Sales Transactions (M&A) If the buyer timely prepares agreement terms that are acceptable to him or are in line with the established...

VAT Registration – just like the Morse Code. Myth or truth?

by Viktorija Kristholde-Lūse, Tax Expert, Latvia

Although it is possible to apply for the value added tax (VAT) taxpayer status at the time of submitting company registration documents to the Company Register, in practice such registration is impossible. This is due to the rather aggressive practice...

Legal update for the automotive industry in Latvia

by Debora Pāvila, Partner, Latvia

There is ongoing litigation between the Moller Mobility group companies in Latvia (importers and dealers of VW cars in the country) and Latvia’s Competition Council involving a EUR 7.4 million fine imposed on the companies for an alleged cartel agreement....

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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