Sun, Jan
43 New Articles

Sorainen, acting on behalf of SIA Bauskas Dzive, the publisher of the Latvian newspaper of the same name, has persuaded the Latvian Supreme Court to partially satisfy a complaint against a decision of the Administrative District Court, which had refused to initiate a case on the basis of Bauskas Dzive’s application against the conduct of the Council of Iecava Region, itself the publisher of the Iecavas Zinas newspaper.

Tark Grunte Sutkiene has successfully assisted LV Asset Management AIFP in its application for status as a registered alternative fund manager to Latvia's Financial and Capital Market Commission and AB INVL Baltic Real Estate on its transformation into a licensed Lithuanian special closed-end type investment company.

Sorainen, Valiunas Ellex, Klavins Ellex, and Cobalt have advised on Baltic elements of the acquisition by AMC Entertainment Holdings, Inc. of Nordic Cinema Group Holding AB from European private equity firm Bridgepoint and Swedish media group Bonnier Holding. The transaction — all-cash and valued at SEK 8.250 million (approximately USD 929 million) — is conditional upon antitrust clearance by the European Commission, which is expected in the first half of 2017.

Sorainen is announcing that Lelde Lavina, the head of the Latvian Real Estate & Construction Team, has become the 29th Partner of the firm, and that Partner Tomas Kontautas, current head of the Sorainen Banking, Finance & Insurance practice group, has been appointed the office Managing Partner of Sorainen Lithuania.

In the latest development in the ever-changing Baltic law firm landscape, Klavins Ellex has announced that it will be merging with Glimstedt's Riga office to "form the largest law firm in Latvia." The two firms will operate under the Klavins Ellex brand.

The capital market in Latvia is rather small, with limited capitalization in both the stock and bond markets. As of December 31, 2015, 26 Latvian companies’ equity securities, 42 corporate debt securities, 12 Government Treasury bill and bond issues, and 5 investment funds were listed on the only licensed stock exchange in Latvia – Nasdaq Riga.

Tria Robit is reporting that the Board of Appeals of the Patent Office of the Republic of Latvia has ruled in favor of firm client, German undertaking Europart Holding GmbH, in its opposition to the trademark "EURO PARTS holding" registered by Euro Auto Truck Baltia, SIA.