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.
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.
November 3, 2020
Estera Development refinances multimillion residential project development Liepziedi, Riga.
September 15, 2020
Assistence to Paccar Finance who finances the purchase of trucks for Latvian companies.
August 1, 2020
GDPR due diligence of a Latvian bank in cooperation with Datakom, an IT company.
January 20, 2018
GDPR due diligece of a single business process of a financial sector entity in cooperation with Datakom, an IT company.
November 24, 2017
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."
June 19, 2016
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.
May 13, 2016
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.
September 7, 2015
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.
October 3, 2014
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.
September 17, 2014