Helped an energy company to explore ways of overturning the regulators ruling that the transmission system operator was not independent of its shareholders. The main challenge in the case was focusing on the fiduciary duties of the client’s management in managing the company while the shareholders are creating a conflict of interest and compliance risks.
Representing Small Scale Hydropower Association before the European Commission in relation to the proposed amendments by Latvian government that substantially change the state aid payments to the members of the Association.
Advising Finnish company on legal environment in Latvia related to the wind energy production and sale to the SOE.
Acting on behalf of RCI Gulbene SIA in alleged bid-rigging cartel case, where the client was one of the initially accused parties. To the best of our knowledge this is the first case in the practice of the Competition Council when the case is terminated after the drafting of infringement decision.
Assistance to OAO SGEM, a leading Russian hydropower equipment manufacturing company, in establishment of its presence on Latvian market including employment law assistance.
Advising start-up Windfire BV, a Dutch entity, in relation to a cooperation agreement with developer and manufacturer of wind measurement systems.
Assistance to Russian private individuals in selling their shares in an Russian electric appliances company Electroshield-Samara AO to a buyer - Schneider Electric Industries ASA for a consideration in excess of EUR 500 Mio.
Assisting Spridzēnu HES with a potential EUR 8 Mio investment into biogas farm in Latvia. We performed in-depth analyses of the investment risks and the target and prepared a term sheet for the transaction, including various types of securities available to the client. We also carried out negotiations with the bank financing the project and worked out the most appropriate tax structure for the investment.
Assistance to Baltic Hydroenergy AS, a Norwegian holding company, in selling its shareholding in two companies in Latvia and one in Lithuania that are engeged in hydro-electric power business and operate 9 hydro-power plants in the Baltic States.
Advising Merks on corporate finance law aspects of the potential renewable energy investment project. The case was typical energy finance project exercise with emphasis on legal risks associated with electricity tariffs and collaterals under the loans issued by the client to third parties. Anticipated project value in excess of EUR 2 Mio.