VILGERTS assisted Summus Capital OÜ with the issue of unsecured bonds in the amount of EUR 10 million, arranged by Signet bank.  Summus Capital OÜ, established in 2013, is an Estonian-based investment company which has diversified commercial real estate portfolio in the Baltics. The group possesses a portfolio of cashflow generating commercial real estate properties in the retail, office, logistics and medical segments. The VILGERTS team included managing partner, Gints Vilgerts and senior associate, Kristīne Mora.  Other lawyers involved, included Kaido Loor.

Advising ALTUM for the issuance of a mezzanine loan to OC Vision group in the amount of EUR 7 million.

Advising Summus Capital OU and Mirrow Institute OU in the acquisition of “Riga Plaza”, a shopping and entertainments center, as well as receiving EUR 40 million in financing from Luminor banka.

Sale of shopping mall “Riga Plaza” to Summus Capital OU and Ivar Vendelin by LSREF3 Latvia Investments S.à r.l. where Vilgerts acted for the buyers.

Assistance to BPM Capital with exit from financing of DEAC and Smiltenes piens with mezzanine loans.

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.

Advising Estera Development in obtaining a loan from Blue Orange bank for the construction of an apartment block.

Successfully advising and representing SmartLynx Airlines in disputes with Danske Bank.

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

Advising Estera Development in a dispute with Citadele banka regarding the non-issuance of a loan (EUR 5 million) and repayment of the bank’s commission payments