Real Estate & Construction

Who We Are

Our experience in real estate is leading edge. We can cover all aspects of transactions, tax and disputes. Construction work mostly relates to new construction projects and FIDIC disputes. Among our clients are the largest real estate developers and major construction companies.

Practice In Detail
  • Commercial Lease
  • Commercial Real Estate
  • Construction
  • Construction Contracts
  • Construction Disputes & Litigation
  • Detail Planning
  • Developments
  • Environmental Risk Assessment
  • FIDIC, YSE
  • Forward funding
  • Greenfield Investments
  • Infrastructure projects
  • Investment & Development
  • Office & Retail Lease
  • Option agreements
  • Planning & Zoning
  • Real Estate Disputes & Litigation
  • Real Estate M&A
  • Real Estate Project Finance
  • Zoning & Planning
Clients
  • AirBaltic
  • BAO
  • Bergvik Skog
  • East Capital Real Estate
  • Genscape International
  • Latectus
  • Latio
  • Merks
  • MG Valda
  • Omniva
  • RIMI
  • Saliena
  • Specprojekts
  • Swedbank
  • Valsts vides dienests
  • Water Ser

Experience

Assisted East Capital Real Estate AS, a part of the largest Nordic private equity fund from Sweden – East Capital, in buying shopping centre ‘Galleria Riga’.

Advising NCC Property Development on various tax issues involving re-organizations of NCC group companies and transfer of losses in a tax efficient way.

Preparing a real estate lease agreement for Valmieras stikla šķiedra AS, a listed Latvian company – global leader in fibre glass production.

Act for a leading construction company in litigation regarding performance of a 0.6 Mio EUR FIDIC contract. The court heard chemical expert witnesses during the proceedings and we helped the client to highlight their mistakes. The case also involved matters of performance guarantees. The case is currently before the Supreme Court.

Helped Medkoe OU, the leading Baltic manufacturer of premium laboratory and office furniture, to win the industry’s first contract in Latvia worth EUR 5 Mio. We helped Medkoe to prepare the bid, represented them before the Public Procurement Monitoring Bureau and assisted in signing the procurement agreement.

Pursuing Merks’ damages claim against SIA BS Isme, which has brought a claim against Merks requesting to recover consisting of unpaid bills and Merks has brought a counterclaim requesting BS Isme to pay the damages with the total dispute value of EUR 432,000.

Arbitration in Stockholm Chamber of Commerce Arbitration Institute and settlement of a M&A dispute concerning a breach of a share purchase agreement by Tritan Group AS in favour of our client Merks SIA.

Advised an investor from Hong Kong on investment structuring and repatriation of profits from a commercial / residential building in the heart of Riga Old Town.

Guided Fortgroup through tax issues during the sale of luxuriuous five star hotel FG Royal Hotel in Riga.

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.

Key Contacts

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