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BDO Law Analyzes Latvian Financing Agreement for EIB

BDO Law Analyzes Latvian Financing Agreement for EIB

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The Latvian office of BDO Law has provided legal analysis to the European Investment Bank regarding a EUR 80 million financing agreement with the Latvian state.

According to BDO Law, “on March 19, 2020, [Latvia's] Cabinet of Ministers adopted special regulations on working capital loans to economic operators affected by the spread of Covid-19, establishing a procedure by which the state provides financial support to the economy to overcome the consequences of the Covid-19 economic crisis. The allocation of state funding is organized by the Development Financial Institution Altum joint-stock company, which in turn has concluded periodic financing agreements with the European Investment Bank.”

BDO Law’s team included Partner Vita Liberte, Senior Associate Rolands Valdemars, Senior Associate Anda Beinare, Junior Associate Stella Kaprane.

BDO Law at a Glance

BDO Law is independent, constantly growing and developing juridical company that provides advice on all aspects of business law in Latvia. BDO Law in 2016 became the associate firm of BDO - one of the leading global groups of auditing and financial services providers, encompassing over 1,800 offices in 167 countries and territories, with more than 400 lawyers operating in it.

BDO Law have the knowledge and experience to assist clients in all fields of law. However they are particularly recognized and regularly highly ranked for expertise in commercial and corporate law, tax, dispute resolution, banking and finance, intellectual property and real estate. The experience of BDO Law’s experts are appreciated by Top 100 companies in Latvia, as well as foreign investors, which allows them to perform complicated projects and create state-of-art solutions.

As part of a multidisciplinary organization, BDO Law team offers legal support in close cooperation with colleagues from the audit, tax, and advisory areas. Their international presence gives them a global vision of business and allows to advise their clients with the support of a strong, dynamic network which offers industry and legislation specific knowledge in each country.

BDO Law team members often appear as speakers on various conferences of national and international level. BDO Law experts are also frequently quoted in the leading business media and are authors of publications on topical issues.

Find out more at bdolaw.lv