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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%.

Sorainen has assisted Oberthur Technologies Latvia with various employment law matters, including updating employment contracts, drafting employment termination documents, and representing the company in court against a former employee’s claim for payment of compensation for complying with an alleged non-compete obligation after termination of employment.

Eversheds Bitans has provided legal support to the Nordic and Baltic high-tech manufacturing company AS HansaMatrix on its private placement and associated equity fund raise and subsequent listing on the Baltic Main List of Nasdaq Riga Stock Exchange. Eversheds Bitans describes the listing as "a breakthrough in equity listings in Latvia as it is the first Nasdaq Main List addition since 2004.”

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