We advised venture capital firm Global PayTech Ventures on investing in the Lithuanian payment startup kevin. In the seed funding round, the company raised USD 10 million. This is the largest seed round investment total in the Baltics this year, and one of the largest in the whole of Europe. Global PayTech Ventures, founded by […]
Several amendments to the Latvian Insolvency Law have been adopted over the course of the Summer. In addition, a separate law providing for the discharge of obligations of natural persons has been passed and will come into force on 1 January 2022. Here is an outline of these changes. Our colleague Edvīns Draba sharing the […]
We advised the French asset manager Eiffel Investment Group on providing EUR 20 million in funding to the renewable energy company Green Genius. The funds will be used to complete the development of solar power plants in Italy and Spain. Innovative financing for diversified projects Pierre-Antoine Machelon, Managing Director and CIO Energy Transition at Eiffel Investment […]
We provided consultation to an international group of companies engaged in the transportation business on the legal effects and consequences deriving from economic sanctions administered by the Office of Foreign Assets Control of the U.S. Department of the Treasury (OFAC) as per Latvian law. Our team The client was advised by country managing partner Eva […]
As part of an assignment for an international private equity player seeking to acquire a target in Latvia, in addition to the standard legal due diligence process usually conducted prior to M&A transactions, we also conducted a compliance review, focusing on the corruption risks, AML risks, anti-trust risks and corporate governance risks of the target […]