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67 New Articles

TGS Baltic and Ellex Klavins Advise on Rabobank's Participation in Batterfisa's Debt Refinancing

TGS Baltic has advised Cooperatieve Rabobank U.A. on its refinancing of Latvian fishing company SIA Batterfisa's existing liabilities and working capital needs. Batterfisa was advised by Ellex Klavins.

Read more: TGS Baltic and Ellex Klavins Advise on Rabobank's Participation in Batterfisa's Debt Refinancing

TGS Baltic and Deloitte Advise CVI on Secured Mezzanine Bonds Transaction for SIA Riga Retail Park

TGS Baltic and Deloitte Legal have advised CVI Dom Maklerski on financing provided to SIA Riga Retail Park for the purposes of co-financing its acquisition of real property as well as the construction and development of the Saga Lifestyle and Shopping Centre in Stopini, a suburb of Riga, by Baltic real estate developer VPH UAB.

Read more: TGS Baltic and Deloitte Advise CVI on Secured Mezzanine Bonds Transaction for SIA Riga Retail Park

Cobalt Successful for PNB Banka Before Latvia's Constitutional Court

Cobalt has successfully represented AS PNB Banka before Latvia’s Constitutional Court in a case involving the fee calculation for credit institutions for financing the Financial and Capital Market Commission’s operations.

Read more: Cobalt Successful for PNB Banka Before Latvia's Constitutional Court

The Buzz in Latvia with Filips Klavins of Ellex Klavins

“Without question,” says Filips Klavins, Senior Partner at Ellex Klavins in Riga, “the biggest news was that last week [Friday, February 21] the Financial Action Task Force decided not to put Latvia on its Gray money-laundering List.” Latvia has been under monitoring by Moneyval and the FATF for potentially allowing space for conducting money laundering in Latvia. “The countries that find themselves on the Gray List are the likes of North Korea,” Klavins says. “Not the company you’d want to find yourself in.” Still, he smiles, “the country has been working really hard to avoid that, and we’ve done it.”

Read more: The Buzz in Latvia with Filips Klavins of Ellex Klavins

Ellex and Allen & Overy Advise on The Brink's Company's Acquisition of G4S

Ellex Klavins, working alongside Allen & Overy, has advised the Brink's Company on its USD 860 million acquisition of G4S plc, a UK-based global security and cash management company. G4S was reportedly advised by Eversheds Sutherland.

Read more: Ellex and Allen & Overy Advise on The Brink's Company's Acquisition of G4S

Ilyashev & Partners Law Firm successfully protected the interests of Ukrainian manufacturers and members of the Ukrainian Autoclaved Aerated Concrete Producers Association in an anti-dumping investigation related to imports of gas-concrete blocks originating in the Republic of Belarus.

Read more: Ilyashev & Partners Succesful for Ukrainian Gas-Concrete Block Manufacturers in Anti-Dumping...

PwC Legal has advised IBSA Group on the acquisition of its long-term distributor on the Czech market, IBI spol. s r.o. IBI was advised by Solo Practitioners Violeta Jirackova and Rostislav Zak.

Read more: PwC Legal Advises Switzerland's IBSA on Acquisition of Czech Distributor

Ellex Valiunas has advised Edenred SA on its acquisition of a 60% stake in Lithuania's EBV Finance. The acquisition also included EBV Finance subsidiaries in Bulgaria, Poland, Romania, Spain and Estonia. Penkov Markov & Partners advised Edenred in Bulgaria, as did Wardynski & Partners in Poland, Nestor Nestor Diculescu Kingston Petersen in Romania, and Uria Menendez in Spain.

Read more: Ellex Valiunas, Wardynski & Partners and NNDKP Advise Edenred on Acquisition of Majority Stake in...

The law on carriage of goods is a well-harmonized area of international law –  a streamlined set of rules that allows cargo owners and carriers to save valuable time and resources. While freight forwarders are an important element of every consignment it is surprising that many elements of forwarder’s liability are still regulated by national law.

Read more: Forwarder or Carrier? Liability of a Freight Forwarder Under Latvian law

On 30 January 2020 the Latvian Parliament adopted amendments to the CIT Law. The amendments have not been promulgated and, therefore, the exact wording of the adopted amendments is not available yet. The amendments will come into force on the next day after their promulgation, which most likely will happen already this month.

Read more: Recent Amendments to the Latvian CIT Law Will Have an Impact on Foreign Real Estate Investors

Ellex Klavins has advised SIA Verus Praedium on its sale of 14.45 hectares of land to SIA Riga Retail Park for the development of a new Saga shopping center. Riga Retail Park was reportedly advised by Sorainen.

Read more: Ellex Advises SIA Verus Praedium on Sale of Land to SIA Riga Retail Park

Latvian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

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