We successfully represented the Rakvere city government in a dispute with Virumaa Kompetentsikeskus (Virumaa Competence Centre). The bankruptcy trustee of Virumaa Kompetentsikeskus initiated an action against the Rakvere city government, challenging the validity of certain agreements related to the right of superficies and establishment of usufruct. The bankruptcy trustee sought for the court to annul […]
We are helping clients, companies registered in Cyprus and the British Virgin Islands belonging to a real estate development group, to recover approximately 11 million EUR seized in Latvia as part of criminal proceedings. The clients’ funds were considered to be suspect and potentially related to money laundering activities, as the companies’ business activities are […]
Case C-822/21, Latvia v. Sweden (deposit guarantee schemes) The Swedish banks, which have long considered the Baltics their ‘home market’, were quick to reap the benefits of the internal market by expanding across the borders. However, the global financial crisis revealed the downside of this expansion and promoted banks to consolidate their position. The […]
Our Dispute Resolution team successfully represented our client PlusPlus Baltic, the biggest pan-Baltic receivables management company’s branch in Latvia, in a civil dispute over the recovery of unjustly withheld funds and statutory interest before courts of all three instances. The merits of the case In the case, the opponent claimed damages and contractual penalties against […]
Our firm is acting for several wind power developers against the Latvian government, which passed a law reserving 10% of state forests for the state-owned Latvenergo to develop wind farms there. The state forests had not been available for any renewables development and the opening of market was viewed favourably by the industry as that […]
