Ellex has advised the founders of Chili Labs on the management buy-out from 1242 Apps.

From an uptick in mergers and acquisitions to complex public procurement projects, regulatory changes, and the impact of geopolitical factors on the legal market, Ellex Partner Ilga Gudrenika-Krebs, looks forward to a busier second half of the year than the first.

Ellex has advised Capitalica Asset Management on the acquisition of land for the Verde Office Complex in Riga, Latvia.

Cobalt has successfully represented Latvian metalworking company East Metal before the Zemgale District Court in being granted legal protection.

TGS Baltic, working with Gernandt & Danielsson and Lupp + Partner, has advised TUV SUD on its acquisition of Carspect Group Holding and its subsidiaries in Sweden, Estonia, and Latvia from IK Partners group company Arwen International and minority sellers. Sorainen reportedly advised IK Partners.

On 1 September 2024, the National Cyber Security Law came into force, replacing the Law on the Security of Information Technologies. 

Cobalt has promoted former Specialist Counsl Edgars Pastars to Partner in its office in Latvia. Pastars will also Head the firm's Financial Regulatory and Compliance Practice.

When importing goods from third countries into the European Union (EU), you must adhere to EU and national laws regarding importing, declaring, and applying customs duties (such as import duty, value-added tax, and excise duty on certain products).

Ellex has advised agricultural services cooperative society Latraps on an agreement with Pfeifer & Langen International to develop an ASNS ingredient pea protein isolate plant in Jelgava.

Ellex has advised Ergo International on the acquisition of ADB Gjensidige from Gjensidige Forsikring ASA.

TGS Baltic has advised AB Agathum on its EUR 2 million bond issuance and listing on the Nasdaq Vilnius Baltic First North market in Lithuania and Latvia.

Ellex has advised Cabinair Services on the acquisition of AeroKnow.

Cobalt has advised BaltCap on its investment in Fitekin and Onea software platforms of the Unifiedpost Group.

Ellex has advised Tech Mahindra on opening a business process outsourcing center in Riga.

TGS Baltic has advised Orac Holding on its acquisition of SIA Agency More Than from Dzintars Pauzers.

TGS Baltic has advised Rulonas on its acquisition of IMS Baltic companies from Metal Service Group Holding. Widen Legal reportedly advised the sellers.

Ellex, working with DLA Piper, has advised NORD/LB on the construction bridge financing for a Baltic Biorefinery Group-developed PV project in Latvia with Green Genius as the sponsor. TGS Baltic advised Green Genius and Baltic Biorefinery.

Latvia has recently taken significant steps to amend its arbitration law, introducing a set-aside mechanism among other necessary changes. This article provides an overview of the background to these changes, the specifics of the new set-aside mechanism, and other amendments made to the Latvian arbitration law.