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Sorainen Latvia Advises Folla Maritime Service in Negotiations Over Shipbuilding Contract

Sorainen Latvia Advises Folla Maritime Service in Negotiations Over Shipbuilding Contract

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Sorainen has successfully represented Norwegian shipbuilding company Folla Maritime Service in negotiations with Rigas Kugu Buvetava (Riga Shipyard) regarding execution of a shipbuilding contract under Latvian law.

According to Sorainen, "we provided legal advice on further action regarding delay in execution by Riga Shipyard of its obligations under the contract, as well as representing the client in negotiations that resulted in agreement on the procedure for completion of works and obtaining additional bank guarantees. The matter is ongoing until the shipbuilding works are completed later this year."

The firm's team consisted of Sorainen Partner Agris Repss and Senior Associate Valts Nerets.

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