On October 1, 2017, the entire Latvian operations of Magnusson merged with Glimstedt in that country and will operate under the Glimstedt name going forward, with former Magnusson Managing Partner Valdis Kronis and Partner Ivars Kronis becoming Partners at Glimstedt.
According to Aldis Kalinks, Managing Partner of Glimstedt in Latvia, the merger will consolidate the core competencies and professional expertise of the Glimstedt and Magnusson teams and will provide local and international clients with a broader range of legal services.
According to Glimstedt, "Dr. Ivars Kronis is a member of Latvian Collegium of Sworn advocates, a qualified insolvency practitioner, and an arbitrator of the Riga Permanent Court of Arbitrage. Ivars focuses on insolvency, restructuring and commercial disputes and is a leading arbitration expert in Latvia. Valdis Kronis obtained an LL.M. degree at Durham University, in the United Kingdom. He is a member of Latvian Collegium of Sworn advocates, a qualified insolvency practitioner, and an arbitrator of the Riga Permanent Court of Arbitrage. [His] main areas of his practice include insolvency, litigation, arbitration, corporate, real estate, M&A, EU and competition law.