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Cobalt Advies on SIA Palsa "Inclusion" Into AS Eves Agro

Cobalt Advies on SIA Palsa "Inclusion" Into AS Eves Agro

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Cobalt Latvia's Corporate practice group has assisted AS Eves Agro on its "inclusion" of SIA Palsa under a special Latvian process.

Both SIA Palsa and AS Eves Agro are primarily engaged in crop production and dairy farming.

According to Cobalt, "an inclusion is a special legal process available under Latvian Group of Companies Law that allows the parent entity to absorb its subsidiary, provided that minority shareholders of the subsidiary are adequately remunerated for their shares. However, contrary to typical merger process, the inclusion process allows the subsidiary and the parent entity to continue as separate legal entities."

According to Cobalt, "in this assignment [the firm] assumed overall responsibility for coordinating the various steps towards the successful inclusion of SIA Palsa, includ[ing] advising the client [on] safeguarding minority shareholder rights, drafting necessary corporate documents, and registering the inclusion in the Commercial register.

The Cobalt team was led by Partner Gatis Flinters and Associate Marija Berdova.

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

All News about Cobalt can be found here.

 

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