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Latvijas Banka has issued a crowdfunding service provider licence to FLOW
We are pleased to announce that on 27 August Latvijas Banka issued a crowdfunding service provider licence to FLOW. Congratulations to the FLOW team on this significant achievement! About FLOW FLOW is a new crowdfunding service provider on the Latvian market. The company is authorized to provide loan facilitation services (also known as loan-based crowdfunding) and […]
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Metsä Group completed the divestment of its wood supply business in Latvia
We advised Metsäliitto Cooperative, a Finnish forest industry sector player, on selling its subsidiary Metsa Forest Latvia SIA to ACA Timber SIA. About transaction The arrangement aims further to increase the flexibility of Metsä Group’s wood supply. The divestment of the Latvian wood supply operations will not have a material financial impact on Metsä Group’s wood supply and […]
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Metsä Group to divest its wood supply business in Latvia
We advised Metsäliitto Cooperative, a Finnish forest industry sector player, on selling its subsidiary Metsa Forest Latvia SIA to ACA Timber SIA. About transaction The arrangement aims further to increase the flexibility of Metsä Group’s wood supply. The divestment of the Latvian wood supply operations will not have a material financial impact on Metsä Group’s […]
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Latvenergo acquires large-scale solar park in Dienvidkurzeme municipality from Danish Sun Energy ApS
We provided legal advice to Danish Sun Energy ApS, a Danish greenfield developer, on the sale of 100% of its capital shares in DSE Aizpute Solar to Latvenergo, Latvia’s leading energy company. This acquisition will enable Latvenergo to construct a 265-MWp (megawatts DC) solar power plant by the end of 2025. This project marks a […]
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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 […]