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Andele Mandele PAY operates portal andelemandele.lv, one of the largest trade platforms in Latvia. The status of a registered e-money institution will allow customers of portal andelemandele.lv to pay with e-money. This process will both improve the safety of payments and facilitate payment settlement procedures between customers. Registered e-money institution A registered e-money institution is […]
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We advised Credit Suisse on Latvian and Lithuanian law in connection with a EUR 27 million financing facility to Amber Beverage Group (ABG), an international producer and distributor of alcoholic beverages. The financing will improve the effectiveness of its operations and is the first step towards further ABG expansion. Our input We provided a mandatory […]
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The project VPH, a developer and manager of world-class commercial real estate across the Baltics and Belarus, has acquired a plot of 14.45 hectares in Stopiņu novads (Latvia) from Verus Praedium (owner of the IKEA store in Latvia), for development of a new lifestyle shopping centre Sāga. Sāga is located next to the IKEA store […]
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We acted as legal advisor in Estonia, Latvia and Lithuania for OP Corporate Bank in financing Veho Group. The mandated lead arrangers in the syndicate were OP Corporate Bank, Nordea Bank and Danske Bank. Syndicated financing was the method used to finance the acquisition of Silberauto enterprises. Silberauto, established in 1990, is one of the […]
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We assisted US bank JP Morgan and French bank BNP Paribas in organising a five-year bond issue with a total value of USD 300 million for Avia Solutions Group – a Lithuanian aviation services group ‒ at an annual interest rate of 7.875% and a maturity date of 2024. The bonds were issued in US […]