Sorainen is announcing that Lelde Lavina, the head of the Latvian Real Estate & Construction Team, has become the 29th Partner of the firm, and that Partner Tomas Kontautas, current head of the Sorainen Banking, Finance & Insurance practice group, has been appointed the office Managing Partner of Sorainen Lithuania.
The capital market in Latvia is rather small, with limited capitalization in both the stock and bond markets. As of December 31, 2015, 26 Latvian companies’ equity securities, 42 corporate debt securities, 12 Government Treasury bill and bond issues, and 5 investment funds were listed on the only licensed stock exchange in Latvia – Nasdaq Riga.
One-day networking forum addressing crucial issues covering a variety of asset classes and markets with respect to restructuring, CRE, private equity, special situations, bank deleveraging, NPL portfolio purchase and co-investment.
On November 1, 2016, CEELM reported that ZGI Capital has invested EUR 700,000 in Latvian FinTech company Mobilly. Rudolfs Krese, Investment Director at ZGI Capital agreed to provide more details on the deal.
Senior Attorney Eleonora Zelmene, Head of the Insurance Law Practice at Klavins Ellex, has become a Member of the Advisory Board of the Baltic Financial Advisors Association – a non-profit organization recently established through joint efforts of Lithuanian, Latvian, and Estonian associations of commercial banks.