Rail Baltica EUR 1.77 billion electrification contract signed

Rail Baltica will electrify 870 km of railway and 2,403 km of track across Estonia, Latvia and Lithuania, making it the most extensive railway electrification project in Europe and one of the biggest worldwide. It will also pioneer the large-scale use of Static Frequency Converter (SFC) technology combined with 2x25kV in a 50 Hz system, […]

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 […]

Baltic Family Firm Institute – ECGI Conference 2025

Support for Silva Finance launch

We provided legal support for the launch of Silva Finance, a new forest and farmland equity financing company. About Silva Finance Silva Finance offers loans for the growth of enterprises against pledges of woodland with forest stands or of agricultural land, providing financing opportunities tailored to small and medium-sized enterprises. Silva Finance’s business model is […]

Inter IKEA Group completes acquisition of the IKEA retail business in the Baltics

We advised Inter IKEA Group on its acquisition of the IKEA retail business in the Baltics. The purchase included three full-size IKEA stores, five additional smaller customer meeting points, the business’s e-commerce platform, and the Digital Retail Development company. Currently, the IKEA retail operations in the Baltics employ 1,450 co-workers, and 6.6 million people visited IKEA stores […]