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Another first-instance ruling in favour of clients of ours in a case of allegedly criminally acquired property
We are helping a person, as well as a company registered in Panama whose activity is related to investments in financial markets, to recover financial assets totalling approximately half a million euros and financial instruments worth more than one million euros, seized as part of criminal proceedings. The clients’ funds were considered to be potentially […]
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We are representing Ecoservice during an insurance dispute
We are representing Ecoservice UAB (“Ecoservice”), a Lithuanian environmental services company and a subsidiary of AS Eco Baltia, during a dispute with Compensa Vienna Insurance Group ADB (Latvian branch) regarding an insurance claim following a fire at Ecoservice’s waste-sorting centre in Vilnius in August 2023. About the case The fire caused significant damage, and Ecoservice […]
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Gjensidige sells its business in the Baltics
We advised the Norwegian non-life insurance company Gjensidige Forsikring on signing a sale agreement for its business in the Baltics with Ergo International, the company that manages Ergo’s international business portfolio. Deal value – EUR 80 million. The transaction will be completed upon receiving approvals from the authorities, including the Lithuanian, Latvian and Estonian competition […]
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Court of first instance ruling in favour of our clients in a case concerning criminal property
We are helping clients, companies registered in Cyprus and the British Virgin Islands belonging to a real estate development group, to recover approximately 11 million EUR seized in Latvia as part of criminal proceedings. The clients’ funds were considered to be suspect and potentially related to money laundering activities, as the companies’ business activities are […]
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Antalis acquires Baltic packaging distributor Pakella
We advised Antalis during the acquisition of Pakella, which specialises in the manufacturing and distribution of industrial and food packaging to various business customers. Pakella is a leading packaging distributor in Latvia, Lithuania and Estonia, with a EUR 15 million turnover in 2023 and 60 employees at its three distribution sites. Antalis is a member […]