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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. 

Moving beyond what he calls the “tectonic changes reshaping the Baltic legal markets” — the reshuffled and new alliances that has dominated recent coverage of those markets — Latvian Cobalt Partner Lauris Liepa calls attention to the trends that are reshaping the region’s banking sector as well.

Fort has advised an ATRIUM group company in its EUR 12.5 million sale of the Shopping Centre Azur by means of a transfer of shares in SIA MD Galerija Azur to UAB KS Holding, a company registered in Lithuania, which is indirectly owned by Finnish trade group Kesko Oyj. Ellex advised the buyers.

Primus has announced that, after opening its Polish desk in Vilnius in August 2015, it has now launched a German Desk in the firm’s office in Riga.

In “The Buzz” we interview experts on the legal industry living and working in Central and Eastern Europe to find out what’s happening in the region and what legislative/professional/cultural trends and developments they’re following closely. Because the interviews are carried out and published on the CEE Legal Matters website on a rolling basis, we’ve marked the dates on which the interviews were originally published.

When signs and symbols, usually words or pictures, are used in commerce in connection with particular goods or services they transform into a specific type of intellectual property – trademark.

Glimstedt has reported that it advised Plaza Centers and the New York-registered New Century Holding investment fund on their September, 2016 sale of the Riga Plaza shopping and entertainment center in Riga to an unnamed global investment fund. The transaction value was EUR 93.4 million.

Fort has advised Hansabuss on its acquisition of a majority shareholding in Tukuma Auto SIA — a Latvian provider of bus transport services — thereby increasing its share in the Latvian market for public bus transport and charter transport to approximately 10%.

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