Wolf Theiss has advised Uniper on the sale of the Gonyu gas-fired combined-cycle 430-megawatt power plant to Veolia. BDO Legal Hungary and Cleary Gottlieb reportedly advised Veolia.
Commercial Real Estate in Latvia
Latvia’s commercial real estate market saw a high volume of transactions in the past few years, involving shopping centers, stores, offices, and other types of properties. Cobalt Managing Partner Dace Silava-Tomsone, Ellex Klavins Partner Ilga Gudrenika-Krebs, and BDO Law Head of Legal Raivis Leimanis chart the market’s performance in a foggy 2022.
Transactional Boom and Political Bust in Latvia: A Buzz Interview with Vita Liberte of BDO
A strong end to 2022, embodied by high levels of real estate transactions and M&A work – despite a legislative downturn and no government – is the buzz in Latvia, according to BDO Law Managing Partner Vita Liberte.
Cobalt and BDO Law Advise on Sale of Blue Bridge Technologies
Cobalt has advised BaltCap Latvia Venture Capital Fund and funds managed by Imprimatur Capital, together with other shareholders, on the sale of Blue Bridge Technologies to Everfield. BDO Law advised Everfield on the deal.
JSK Advises CVI on Investment in Saunia
JSK has advised Credit Value Investments on its investment in the Saunia Group through a bond financing. BDO Legal reportedly advised Saunia.
Dentons Advises Xella on Sale of Precast Concrete Division to Romcim
Dentons has advised the Xella Group on the sale of its precast concrete division to CHR group company Romcim. BDO Romania reportedly advised the buyer.
Latvia’s Amended Advocacy Law: A Change Affecting all Law Firms
On February 18, 2021, following a five-year preparation period, the Saeima – the parliament of the Republic of Latvia – adopted amendments to the country’s Advocacy Law, addressing, inter alia, the proper corporate form for law firms. Going forward, in Latvia, a law firm must either be a partnership (either general or limited) or a limited liability company. CEE Legal Matters spoke with several Latvian lawyers about the newly amended law.