Investment Funds

Who We Are

Our work with investment funds is mostly related to corporate matters and M&A. Our tax practice ideally supports the client efforts to make their investment with maximum returns. If necessary, we assist clients with green field investments and corporate litigation where the fund’s minority interest has not been respected by the other shareholders.

Practice In Detail
  • Formation
  • Joint ventures
  • Liquidation & Insolvencies
  • Litigation
  • M&A
  • Management Incentives
  • Regulatory
  • Shareholders’ Rights
  • Taxation
Clients
  • BALTIC TRANSOIL
  • Digitālās ekonomikas attīstības centrs
  • GPT Production Latvia
  • Infima
  • Latvijas telekomunikāciju asociācija, Biedrība
  • PALEŠU KOMPĀNIJA
  • WIDENET

Experience

Pan-Baltic legal advice to a UK based global investment fund in the course of transactions involving financing of SMEs. Advice included structuring of the security instruments, elaborating transaction structures, and assistance during negotiations and closings.

Assistance to UK fund with focus on receivables financing for SME’s in relation to all aspects of Lithuanian law related to crediting relations, applicable security measures, transfer of claim portfolios and insolvency.

Legal assistance in a number of lawsuits against AB DNB bankas related to unlawful actions (recommendations) of the bank regarding bond issue that were linked to the shares index funds. The legal assistance involved deep analyses of EU banking and investment legislation including MiFiD and analyses of national legislation related to banking operations and non-professional investors.

Consultations to the Government of Lithuania in a dispute with minority shareholders in AB Lietuvos Elektrine related to corporate and contract law arising from its ownership of shares in the SOE, in particular regarding the duty to buy shares from minority shareholders (implementation of the sell-out right established by the EU law ).

Regularly advises A3E Capital SICAV plc, a fund in Malta, on ownership residence and structuring, tax optimization, owners’ tax compliance, etc.

Developing a legal framework and a unique contractual arrangement for Merks SIA to indirectly finance construction of residential project. The negotiations involved potential lending by SEB banka and complex financial security arrangement. The expected project value would exceed EUR 20 Mio.

Assisting the Latvian Ministry of Economics in creating a single state-owned holding providing business development aid. The entity manages assets worth EUR 500 Mio. through shares in financial institutions LGA, Hipotēku banka and LAF. We showed that the holding would receive in-house services from these institutions, so public procurement rules would not apply.

Assisting Swedbank Estonia in litigation worth EUR 45 Mio regarding enforcement of Latvian commercial pledges against Alta Capital trigerred by default of Alta's holding company under corporate bonds.

Assistance to Salt Investments ehf, an Icelandic investment fund, in potential purchase of the shares in the leading business school in Latvia. The firm carried out legal due diligence and worked on the share purchase agreement.

Advising Latvian State Roads on using performance bonds, bid bonds, mother company sureties and other aspects of PPP for road construction project between Riga and Sigulda worth EUR 150 Mio.

Key Contacts

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