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KGAL leases 3 new Airbus A220 aircraft to airBaltic
We advised KGAL Investment Management GmbH & Co. KG (“KGAL”), a leading independent investment and asset manager with an investment volume of €16.5bn, on the leaseback transaction in relation to three new Airbus A220-300 aircraft with Air Baltic Corporation AS, the Latvian national airline and the leading carrier in the Baltic region. The lease agreements […]
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Process of transformation of PrivatBank
We provided legal support to PrivatBank in transferring its client portfolio and part of its assets and liabilities to Industra Bank. The total of the loans included in the transaction was approx. EUR 25 million, and the amount of deposits exceeded EUR 50 million. The transaction received the permission of the Financial and Capital Market […]
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Debt recovery during insolvency proceedings
During debt recovery proceedings, we successfully represented a global provider of market-based sustainability solutions established in the Netherlands, which was a creditor of Vidzeme Eko, a Latvian company engaged in trading in CO2 emission allowances. Our involvement Our services included negotiations with the debtor, representation during legal protection proceedings and, later, during the insolvency proceedings […]
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Andele Mandele PAY registered as an e-money institution
Andele Mandele PAY operates portal andelemandele.lv, one of the largest trade platforms in Latvia. The status of a registered e-money institution will allow customers of portal andelemandele.lv to pay with e-money. This process will both improve the safety of payments and facilitate payment settlement procedures between customers. Registered e-money institution A registered e-money institution is […]
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Veho acquires Silberauto
We acted as legal advisor in Estonia, Latvia and Lithuania for OP Corporate Bank in financing Veho Group. The mandated lead arrangers in the syndicate were OP Corporate Bank, Nordea Bank and Danske Bank. Syndicated financing was the method used to finance the acquisition of Silberauto enterprises. Silberauto, established in 1990, is one of the […]