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Latvia Takes a Bold Leap: Embracing International Standards with the Arbitration Law Reform
Latvia’s status as the arbitration unicorn remains undisputed after nearly ten years since adopting the country’s first Arbitration Law (“Latvian Arbitration Law”). In February 2024, the overly liberal Latvian regime resulted in 57 arbitral institutions. This record-high number, however, is considerably less than the 214 arbitral institutions in Latvia in 2013. Although advertised by the Latvian government to follow the […]
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Our International Arbitration team among the best in the world
Our International Arbitration practice has been included in the GAR 100, Global Arbitration Review’s guide to the top specialist arbitration firms worldwide. Our team has now achieved this recognition for five years in a row, reflecting our solid experience and excellence in the practice. Experts with established track record The first seeds of our arbitration […]
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Successfully represented client in GAFTA Arbitration award recognition case
Our Dispute Resolution team successfully represented a client in a court case concerning the recognition and enforcement of a GAFTA (The Grain and Feed Trade Association of London) arbitration award in Latvia. Arbitral award The client had delivered goods under a contract, but the defendant had only partially settled the payment, remaining in debt for […]
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Cross-border success in EUR 2.3 million debt dispute
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 […]
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Major licence agreement arbitration
We are representing one of Europe’s leading aircraft engine and industrial gas turbine producers in an arbitration dispute with a Latvian company. The dispute arose over a licence agreement for the broadcasting rights of a significant European sports event. The claimant alleges that our client owes the licence fee, plus interest and a contractual penalty. […]