Unique transaction – sale of vessel Regina Baltica

20.04.2017

Sorainen Latvia provided legal support under Latvian law on the sale of m/v ‘Regina Baltica’, registered under the Latvian flag. Assistance included drafting the client’s internal corporate documents, analysing the bill of sale and related documents from the Latvian law perspective, as well as organising deletion of mortgages, deregistering the vessel from the Latvian Ship Registry, assisting with obtaining documents for registration of the vessel under the Cypriot flag plus communicating on the client’s behalf and representing the client at closing and with the Latvian state authorities.

The matter is especially significant and worthy of mention because of the rarity of transactions in Latvia involving gross tonnage exceeding 18,000 tons.

The client was advised by senior associate Valts Nerets and associate Natālija Šestakova.

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