Our dispute resolution team successfully represented Compagnie Française d’Assurance pour le Commerce Extérieur (Coface), a credit insurance institute, in a civil dispute concerning the recovery of debt and default interest amounting to EUR 2.3 million. The client was successful before the courts of all instances, and with a recent decision by the Supreme Court’ the […]
Assistant lawyer Nikola Cīparsone compiled the material. ESG Directive empowering consumers for the green transition and circular economy Adopted: 20 February 2024 The Council has adopted a directive aimed at empowering consumers to facilitate the shift towards sustainability. This new directive seeks to strengthen consumer rights by amending the unfair commercial practices directive (UCPD) and […]
Our senior associates Olivia Kranich (Estonia) and Stasys Drazdauskas (Lithuania), and associate Lūcija Strauta (Latvia), contributed to the project led by the international law firm Bird & Bird partner Pawel Lipski by providing an overview of the implementation of the DSM directive (Directive (EU) 2019/790 of the European Parliament and of the Council of 17 […]
We advised Technopolis in signing and completing the agreement to sell the Technopolis Ozas business campus in Vilnius, Lithuania, to the real estate fund Baltic Opportunity, managed by Lords LB Asset Management. The transaction was completed following the approval of the Competition Council, after which Technopolis Ozas became the property of the fund managed by Lords LB Asset […]
Legislative news and ESG initiatives in Estonia, Latvia, Lithuania Status of the corporate sustainability reporting directive’s transposition into local laws In Estonia, the draft law transposing the CSRD was published on 23 February 2024 and is currently waiting for approval from ministries. It is expected to come into force on 6 July 2024. The draft […]