Eversheds Bitans has advised Scorpio Services Holding Limited on its acquisition of a 60% stake in SIA Astor Shipmanagement, a Latvia-based company providing crewing services for different types of vessels world-wide. The identity of the seller was not disclosed.
Sorainen has advised Baltic Horizon, an investment manager focusing on specialized real asset investment strategies in Northern Europe, in signing a purchase agreement to acquire an office building in Riga from German developer Bauplan Nord, which was advised by bnt. Closing is expected to be finalized during the third quarter of 2016.
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.
Tark Grunte Sutkiene has represented the investment brokerage firm Amenda Markets AS IBS, licensed in Latvia, on its successful application for authorization from the Financial and Capital Market Commission to provide investment services and collateral services in the European Union and the European Economic Area.
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.”