This newsflash is a reminder of the requirements for filing annual reports, and about the information that should be included in the notice sent to shareholders when convening the shareholders’ meeting. Possibility to extend the approaching deadline for filing annual reports with the State Revenue Service (SRS) The Law on Annual Financial Statements and Consolidated […]
The telecommunications, media and technology (TMT) sector is one of the most steadily growing sectors in our region and elsewhere. In this newsflash our TMT team take a closer look at the main market trends and shifts over the last year, and share insights as to what 2022 may bring. Limitless scaling possibilities for […]
During debt recovery proceedings, we successfully represented a global provider of market-based sustainability solutions established in the Netherlands, which was a creditor of Vidzeme Eko, a Latvian company engaged in trading in CO2 emission allowances. Our involvement Our services included negotiations with the debtor, representation during legal protection proceedings and, later, during the insolvency proceedings […]
We advised Solarisbank AG, Europe’s leading Banking-as-a-Service platform, on an acquisition of Contis Group Ltd, which provides full back-end & front-end payments services. Companies have successfully brought their previously disclosed partnership to completion, entering into a definitive business combination agreement. With a valuation of EUR 1.4 billion, Solarisbank and Contis expand their leadership in the […]
Deals & Cases / Ieva Andersone, Anna Bogdanova, Jūlija Terjuhana
In 2021 Sorainen Latvian office assisted two clients in developing binding cooperate rules (BCR) under Article 47 of the General Data Protection Regulation (GDPR). According to GDPR requirements, the BCR is one of the permissible mechanisms for transferring personal data to countries outside the European Economic Area. About BCR The BCR is a legally binding […]