The Red law firm has advised UAV Factory in cross-border financing for development of unmanned aerial vehicles and platforms.
The parties involved in the deal are legal entities and individuals from Latvia, Estonia, and the United States. The investor is the co-founder of communication software company Skype.
Established in 2009, UAV Factory supplies its long endurance unmanned aircraft, pneumatic catapults, onboard generator systems, and portable ground control stations to customers in over 30 counties. UAV Factory products can also be used for military purposes.
According to a statement on its website, Red prepared "the transaction agreement as well as the organizational chart for the target company and prepared other documents necessary for the implementation of the transaction and relevant registrations."
The transaction was advised by Red Partner Sintija Radionova and Associates Konstantins Telakovs and Zanete Raize.
