Banking & Finance

Who We Are

Our banking practice mostly works against banks on behalf of corporate clients. Typical work is refinancing, leveraged buy-out financing, preparation and enforcement of sureties. In fintech sector, we cover mostly regulatory issues and help clients in M&A deals. Established financial institutions typically engage us due to excellence in public procurement, GDPR, litigation.

Practice In Detail
  • Acquisition Finance
  • Commercial Lending
  • Leverage Finance
  • Litigation with Banks
  • M&A
  • Restructuring & Insolvency
Clients
  • BPM Capital
  • CICC EHealthcare Fund
  • CNH
  • Cream Finance
  • East Capital Real Estate
  • Estera Development
  • Inova Baltic
  • Latvijas Garantiju aģentūra
  • MG Valda
  • PACCAR Financial
  • SEB
  • Swedbank
  • Unicredit Leasing
  • Valmieras stikla šķiedra

Experience

Provision of legal assistance and representing property development company that focuses its operations in Riga in court proceedings and arbitration proceedings concerning non-performance of contractual obligations by a bank and liability thereof.

Estera Development refinances multimillion residential project development Liepziedi, Riga.

Assistence to Paccar Finance who finances the purchase of trucks for Latvian companies.

GDPR due diligence of a Latvian bank in cooperation with Datakom, an IT company.

GDPR due diligece of a single business process of a financial sector entity in cooperation with Datakom, an IT company.

We assisted BPM Capital with legal due diligence and preparation of legal documentation in respect of financing of management buy-out and further development of Optometrijas Centrs SIA, the leading Baltic optics chain operating stores with brands as “Vision Express”, “Pasaules Optika” and “Optio."

Representing VIMEX a second defendant in court case initiated by the insolvent AS Liepājas Metalurgs against its creditor Gesenice for declaring the agreements of delivery of steel products to Gesenice null and void and for collection of the damages in the amount of EUR 0.21 Mio.

Represented the Riga City Council’s Real Estate Department in disputes regarding bank certificates proving financial standing of the bidders. The case showed that the current laws on proving financial standing were not applicable in practice and should affect the new law still in the making.

Won a Supreme Court ruling in favour of CPS in a lengthy litigation for VAT refund denial. The tax authorities withheld the refund for transactions worth EUR 40 Mio alleging they were not made with a foreign based company.

Advising Avtokraz, a party to Lithuania’s Ukio Bankas insolvency proceedings, regarding recovery of more than EUR 16 Mio from third parties including the Government of Lithuania and the auditor of the bank and its liability insurer. The case included work on possible BIT / ICSID arbitration.

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