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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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