We advised Lords LB Baltic Green Fund (V) on acquiring 100% of Valmeda’s shares. Valmeda owns Holiday Inn hotel, which has an area of more than 7,000 m² on Šeimyniškių Street in Vilnius. Situated in a prestigious location in Vilnius Marius Junda, fund manager at Lords LB Baltic Green Fund (V), comments: “We are glad […]
We assisted the Swedish-based company Storskogen in acquiring a majority of the shares in Scandia Steel – a leading Scandinavian supplier of steel pipe piles in foundation and foundation reinforcements. Manufacturing takes place in Kretinga, Lithuania Scandia Steel has 94 employees and a turnover of almost EUR 40 million. The company’s product development and sales […]
We provided legal assistance and represented clients during civil proceedings for all three instances in Latvia of an aircraft accident in which a student pilot had passed away. Development of proceedings The case involved complex legal issues related to insurance and aviation. These laws are unclear regarding the insurance coverage and liability of air carriers […]
We provided legal assistance and represented a Latvian client in a dispute with a buyer of their goods from Guinea and a shipowner from Denmark in respect of goods that were shipped by our client to a country in west Africa. Essence of the dispute Our client had shipped the goods to a port in […]
We provided legal assistance and represented the client in a post-M&A dispute, which arose from foreign investment in a Latvian company. Development of the proceedings To ensure a positive outcome for the client, in national court we requested security of the claim before initiating the arbitral proceedings. Subsequently, we initiated the arbitral proceedings in the […]
