News
Municipal right of first refusal has been abolished in Latvia
On 20 October 2022, after a second review by the Latvian Parliament, the new Municipal Law was adopted, which shall enter into force on 1 January 2023. Along with a series of other changes, the new Municipal Law also provides...
Mandatory electronic mailboxes for all Latvian legal entities as of 1 ...
As of 1 January 2023, an official electronic mailbox (or email address) will be mandatory for all legal entities, including both limited liability and joint stock companies. The email address shall serve as the company’s official electronic mailbox for all...
VILGERTS advised dairy manufacturer, SIA Baltic Dairy Board, on its ac...
On 1 April, AB Vilkyškių Pieninė, a part of Vilvi Group, acquired 70% of the qualifying holding of SIA Baltic Dairy Board (the “Baltic Dairy Board”). Baltic Dairy Board is a Latvian company, specializing in the production and sale of...
Balcia successfully safeguards its brand identity
EUIPO rules there is no likelihood of confusion between the trademarks “Balta” and “Balcia” Earlier this year, a decision of the European Union Intellectual Property Office (hereinafter “EUIPO”) came into force, holding there is no likelihood of any confusion between...
Related Experience
VILGERTS successfully defended SIA "Scania Latvia" in proceedings before the Procurement Monitoring Bureau against the appeals lodged by SIA "Avar Auto" and SIA "Eco bus" concerning the decision of an open tender (tendered by Daugavpils city municipality, “Supply of environmentally friendly buses for the needs of AS "Daugavpils satiksme" (SAM 4.5.1.2.”, id. Nr. 2022/93). As a result, the contracting authority was permitted to conclude the contract with SIA “Scania Latvia”, as the winning tenderer.
January 18, 2023
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.
November 9, 2022
Legal support (together with Storm Legal) to Prime Prometics SIA, cosmetics e-shop business, and its shareholder KE Ventures SIA in connection with investment by Draugiem Capital I SIA to intensify international expansion.
October 10, 2022
Advised Summus Capital OÜ, a leading Baltic real estate investment holding group, on the completion of its buy-out of Mirrow Institute OÜ from LSREF3 Riga Plaza SIA, one of the largest shopping malls in Riga with NLA more than 50,000 m2 .
July 30, 2022