Litigation: A new framework for cross-border debt recovery process.
In 2011 European Commission came up with a proposal to improve and increase the effectiveness of cross-border debt recovery process, among other things, facilitating access to information about the debtor's bank accounts. On 15 May 2014 Regulation No. 655/2014 was adopted establishing a European Account Preservation Order procedure to facilitate cross-border debt recovery in civil and commercial matters. The aforementioned regulation is an important step to reduce dishonest debtors, while ensuring a wider legal protection of creditor.
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Team
Related Experience
VILGERTS advised SIA "Biļešu paradīze", a company of Ekspress Grupp AS, in a dispute in which SIA "Biļešu serviss" contested the results of the procurement tender concerning the sale of tickets for the upcoming and the largest national “Song and Dance Festival” in Latvia. As a result, the tender results were left unaltered and SIA "Biļešu paradīze" concluded a contract with the contracting authority.
May 16, 2023
The VILGERTS team advised the owner and manager of Galleria Riga, "East Capital Real Estate", in successfully finalising a significant long-term lease agreement with Workland. The agreement involves a remarkable investment (exceeding EUR 3 million) and aimed at transforming the expansive fifth floor of Galleria Riga, spanning an impressive area of 3,200 m2, into state-of-the-art co-working offices.
May 16, 2023
VILGERTS successfully defended SIA "Scania Latvia" in proceedings before the Procurement Monitoring Bureau against the appeals lodged by SIA "Avar Auto" and SIA "Eco bus" concerning the decision of an open tender (tendered by Daugavpils city municipality, “Supply of environmentally friendly buses for the needs of AS "Daugavpils satiksme" (SAM 4.5.1.2.”, id. Nr. 2022/93). As a result, the contracting authority was permitted to conclude the contract with SIA “Scania Latvia”, as the winning tenderer.
January 18, 2023
VILGERTS’ advises East Capital Real Estate on its EUR 53 million acquisition of the iconic “Place 11” office building in Riga (GLA 16,000 sqm) from the Hanner Group. According to Colliers, this is the largest commercial property transaction to have occurred in Latvia during 2022.
November 9, 2022