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

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.

Assisting MG Valda and Invalda AB in more than EUR 19 Mio insolvency proceedings of Dommo Grupa and its subsidiaries, operating a logistics warehouse nearby Riga, and closing insolvency with a successful buy-out of all claims from Swedbank by the clients and return to solvency of Dommo Grupa.

Securing a construction debt owed by a Latvian/Russian real estate developer in favour of Merks. The real estate and finance team efficiently handled execution of security documentation and its registration with the Land book register. The amount of the secured debt was in excess of EUR 5 Mio.

Ensuring the legality of two procurement procedures by the municipality-owned real estate company Rīgas nami. As a result, none of the procedures was challenged before the Procurement Monitoring Office.

Key Contacts

Gints Vilgerts

Partner, M&A

+371 29 107 768

gints.vilgerts@vilgerts.comEmail

Vairis Dmitrijevs

Head of M&A

+371 29 258 370

vairis.dmitrijevs@vilgerts.comEmail

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