Sorainen successfully represented Folla Maritime Service, a reputable shipbuilding company from Flatanger, Norway, established in 1994 and specialising in the manufacture of vessels for the aquaculture industry, in negotiations with Rîgas kuìu bûvçtava (Riga Shipyard) regarding execution of a shipbuilding contract under Latvian law.

We provided legal advice on further action regarding delay in execution by Riga Shipyard of its obligations under the contract, as well as representing the client in negotiations that resulted in agreement on the procedure for completion of works and obtaining additional bank guarantees. The matter is ongoing until the shipbuilding works are completed later this year.

The client was advised by Sorainen partner Agris Repšs and senior associate Valts Nerets.