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.
Assisting New Europe Real Estate and its creditors SEB banka and DNB banka in updating more than EUR 17 Mio worth commercial pledges on shares in a Latvian real estate development company and verifying validity of corporate decisions under Latvian, English and Cyprus laws.
Assisting MG Valda and Invalda AB in more than EUR 19 Mio insolvency proceedings of Dommo Grupa and its subsidiaries, operating a logistics warehouse nearby Riga, and closing insolvency with a successful buy-out of all claims from Swedbank by the clients and return to solvency of Dommo Grupa.
Securing a construction debt owed by a Latvian/Russian real estate developer in favour of Merks. The real estate and finance team efficiently handled execution of security documentation and its registration with the Land book register. The amount of the secured debt was in excess of EUR 5 Mio.