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Entering into force on February 19, 2021, the EU Recovery and Resilience Facility aimed, according to the European Commission, “to mitigate the economic and social impact of the coronavirus pandemic and make European economies and societies more sustainable, resilient, and better prepared for the challenges and opportunities of the green and digital transitions.” CEE Legal Matters spoke with lawyers from Bulgaria, Greece, Hungary, Latvia, Poland, and Romania to learn what each country focused on, with its Recovery and Resilience Plan (RRP), and what difficulties lie ahead, now that these plans have been submitted to the EC.

On March 9, 2022, four leading Estonian lawyers sat down for a virtual round table moderated by CEE Legal Matters Managing Editor Radu Cotarcea to discuss the current state of the startup environment in Estonia and analyze its main drivers, the local startup ecosystem, and the regulatory environment shaping it.

On February 18, 2021, following a five-year preparation period, the Saeima – the parliament of the Republic of Latvia – adopted amendments to the country’s Advocacy Law, addressing, inter alia, the proper corporate form for law firms. Going forward, in Latvia, a law firm must either be a partnership (either general or limited) or a limited liability company. CEE Legal Matters spoke with several Latvian lawyers about the newly amended law.

The real estate market in all three Baltic States is closely related and, although the legal systems vary a bit, buyers face the same or similar issues. Although important details concerning the purchase of real estate are brought forth in the sale contract drawn up by a notary (in Estonia and Lithuania) or attorney at law (in Latvia), in practice various nuances still tend to be left unattended.

Directive 2019/2161 of the European Parliament aims to ensure better enforcement and the modernization of EU consumer protection rules. The Omnibus directive is also known as the consumer GDPR because it sets forth hefty fines for infringements of the regulatory framework on consumer rights protection. The Omnibus directive must be transposed into the national legislation by November 28, 2021.

Ellex Klavins has advised SG Capital Partners Fund I on the acquisition of a 90,000 square meter logistics complex near the Plavinieki and Dreilini districts in Riga by acquiring shares in SIA Beinits and SIA Balt Cargo Solutions from a group of private investors. The sellers were reportedly advised by Rasa, Esenvalds, and Radzins. Financial terms were not disclosed.

LEXTAL Legal at a Glance

LEXTAL Legal Group – one of the ten largest law firms in the Baltics operating with a team of over 80 lawyers. LEXTAL Legal is a united group of law firms that includes LEXTAL in Estonia, ILAW LEXTAL in Lithuania and RER LEXTAL in Latvia.

The coverage of all three Baltic States gives additional value to our clients acting in three jurisdictions and enables us to manage complex legal projects and other matters in one hand.

  • In Estonia, LEXTAL has been a top law firm for over 10 years (6th for turnover and 4th for profit). LEXTAL Estonia’s core areas of expertise include: financial sector compliance, corporate and commercial, insurance, M&A, tax and regulatory, public procurements, dispute resolution, AI/IT and new tech (crypto).
  • In Lithuania, ILAW LEXTAL team consists of more than 35 lawyers to offer consultations and services to customers on corporate law, real estate law, mergers and acquisitions (M&A), tax law, personal data protection, intellectual property, labour law, public procurement, unfair competition and other areas of business law.
  • The core of the Law Firm RER LEXTAL in Latvia is formed by the lawyers Armands Rasa and Jānis Ešenvalds. Established in 2010, Law Firm RER LEXTAL specializing in the provision of legal assistance in legal proceedings and various business-related matters.

We focus on the results, we are full of passion, power and curiosity, our team has significant international experience in all practice areas in Baltics. You can trust us.

Firm's website: https://lextal.legal/