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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.

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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.

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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

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