Advised the management of GroGlass in an MBO transaction from NCH Capital. The management team was supported by Kartesia. GroGlass is one of the world’s leading developers and manufacturers of anti-reflective coatings on glass and acrylic for various industries. Our role was to advise the management team in respect of various corporate governance and transactional aspects with the involved parties including tax advice.
Advising NCC Property Development on various tax issues involving re-organizations of NCC group companies and transfer of losses in a tax efficient way.
Advising Baltcom Fiber (an optical subsea high capacity dark fibre cable owner) on various VAT and corporate income tax issues and drafting an advance ruling request to the Latvian tax authorities to clarify VAT and corporate income tax issues regarding the disposal of the asset in two jurisdictions and neutral sea waters.
Advising TA Hydronics UAB, part of IMI plc, in an employment dispute arising from unpaid taxes by the employee.
Tailored ENRC Latvian business structuring plans by carefully navigating branch vs. subsidiary issues.
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.
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.
Regularly advises A3E Capital SICAV plc, a fund in Malta, on ownership residence and structuring, tax optimization, owners’ tax compliance, etc.
Guided Fortgroup through tax issues during the sale of luxuriuous five star hotel FG Royal Hotel in Riga.
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.