We advised Bagfactory, the largest manufacturer of non-woven and paper bags in the Baltics, on attracting investment from private equity fund Livonia Partners.The pan-Baltic fund will acquire 48 % of Bagfactory’s shares. The transaction will be completed after permission is obtained from Lithuania’s Competition Council. Fast growth The new investment will allow Bagfactory to accelerate […]
We assisted Luminor Group companies, which are engaged in the leasing business in Latvia, in the reorganisation process, drafting all the documentation related to the reorganisation and share capital increase to be filed with the Company Register. About the reorganisation As part of the reorganisation, Luminor Līzings Latvija SIA was merged into Luminor Līzings SIA. […]
What is an e-address? An e-address is an e-mail address for communication between private individuals and for the circulation of documents to and from Latvian authorities (including judicial authorities, the prosecutor’s office, sworn bailiffs and insolvency administrators*). The reason for it being implemented is to make this communication faster and more secure, as well as […]
UBO register changes and an overall companies law overhaul to protect shareholder rights are on the agenda in Lithuania, according to Sorainen Partner Evaldas Dūdonis. “This January saw the introduction of the UBO register, with a rather rudimentary initial version only applying to entities owned by one single natural person,” Dudonis begins. “Subsequently, in May, […]
Publication / Karin Madisson, Toomas Prangli, Piret Jesse, Eva Berlaus, Nauris Grigals, Algirdas Pekšys, Mantas Petkevičius, Evaldas Dūdonis, Karl Oskar Pungas, Robin Teever, Renāte Purvinska, Kristiāns Dzerkaļs
Doing business in the Baltics – a snapshot of the most relevant commercial conditions in Estonia, Latvia and Lithuania in 2022. Available here: Investment Card 2022
