Ellex has advised Capitec on its acquisition of AvaFin. Bowmans reportedly advised the buyers as well.

Cobalt, working with Cooley, has advised Printify on its merger with Printful. Ellex, working with Latham & Watkins, advised Printful.

Cobalt has advised Consolis Latvia on a partnership agreement with the Nordex Group.

Raising funds on the capital market—through the issuance of shares or bonds—provides companies with substantial advantages. Obtaining funds through capital market not only facilitates diversification of financial portfolios and reduces dependence on bank financing but also conveys a strong message to the issuer’s customers and business partners, illustrating the commitment to high standards of corporate governance. At the same time, by ensuring that the company’s securities are publicly listed, its members of the management board take responsibility towards the company itself, the shareholders, and other investors.

TGS Baltic has successfully represented Estonian fishing company Porgukass in a dispute concerning compensation for damaged fishing equipment.

TGS Baltic has advised Duck Republik on the acquisition of the Duck Slokas real estate development company. Sole practitioner Aleksejs Petrovs advised the sellers.

TGS Baltic has advised Latvenergo on its acquisition of SIA Laflora Energy to build a wind power plant with a total capacity of 108.8 megawatts in the former peat extraction area of Kaigu Bog in Livberze County. Sole practitioner Janis Junkers advised the sellers.

TGS Baltic has advised Marinetek Group on the full acquisition of shares of Marinetek Latvia by buying out a minority shareholder.

Following extensive discussions between industry stakeholders and state institutions, several crucial solutions have been identified to address the problems of drug availability and monitoring control. The primary aim is to ensure wider and faster access to medicinal products for patients in Latvia.

Cobalt has advised BNP Paribas, Deutsche Bank, and Erste Group as the joint lead managers of the Republic of Latvia's seven-year Eurobond that raised EUR 600 million at a reoffer yield of 3.138% and a fixed rate coupon of 3%.

Ellex has advised the founders of Chili Labs on the management buy-out from 1242 Apps.

From an uptick in mergers and acquisitions to complex public procurement projects, regulatory changes, and the impact of geopolitical factors on the legal market, Ellex Partner Ilga Gudrenika-Krebs, looks forward to a busier second half of the year than the first.

Ellex has advised Capitalica Asset Management on the acquisition of land for the Verde Office Complex in Riga, Latvia.

Cobalt has successfully represented Latvian metalworking company East Metal before the Zemgale District Court in being granted legal protection.

TGS Baltic, working with Gernandt & Danielsson and Lupp + Partner, has advised TUV SUD on its acquisition of Carspect Group Holding and its subsidiaries in Sweden, Estonia, and Latvia from IK Partners group company Arwen International and minority sellers. Sorainen reportedly advised IK Partners.

On 1 September 2024, the National Cyber Security Law came into force, replacing the Law on the Security of Information Technologies. 

Cobalt has promoted former Specialist Counsl Edgars Pastars to Partner in its office in Latvia. Pastars will also Head the firm's Financial Regulatory and Compliance Practice.

When importing goods from third countries into the European Union (EU), you must adhere to EU and national laws regarding importing, declaring, and applying customs duties (such as import duty, value-added tax, and excise duty on certain products).