Fort's Riga office has advised the venture capital fund ZGI-3 on its EUR 700,000 investment in Mobilly, a payment service provider in Latvia, which the firm describes as the largest FinTech investment of the year in the country.
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.
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.”