On 14 September 2023, the Saeima approved amendments to the Consumer Rights Protection Law (CRPL) and related amendments to the Civil Procedure Law. These amendments will introduce a new procedural instrument to consumer class actions in Latvia, as provided for in the European Union (EU) Directive 2020/1828. The main objective of the law is to […]
We advised VPH, one of the largest commercial real estate developers in Lithuania; and Riga Retail Park, owner of one of the largest lifestyle shopping centres in Latvia, on receiving a loan totalling EUR 48 million from Rietumu Banka for refinancing. This has been one of the largest loan financing transactions in Latvia in 2023. […]
Tikedo S.r.l., controlled by private equity firm White Bridge Investments, acquired a majority (75%) shareholding in the renowned Latvian company SIA IMPAKS, which specializes in producing labels for alcoholic beverages. Our role Sorainen advised the buyer (Tikedo) on the transaction. This included full-scope transaction advice for the buyer, including performing legal due diligence of the […]
Publication / Sofia Kurochka
Assistant lawyer Sofia Kurochka compiled the material. Data protection Proposal for a Regulation laying down additional procedural rules relating to the enforcement of GDPR Published: 04 July 2023 The new regulation provides detailed rules to support the smooth functioning of the cooperation and consistency mechanism established by the GDPR. The proposal harmonises the requirements […]