- What is the Corporate Counsel 100?
- How to nominate in-house counsel
- Top 100: Africa
- Top 100: Asia Pacific
- Top 100: Deutschland
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- Top 100: United Kingdom - Rising Stars
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- Top 100: United States - Rising Stars
- How do the awards work?
- The Legal 500 United Kingdom Awards 2014
- The Legal 500 United States Awards 2014 - In-house winners
- The Legal 500 United States Awards 2014 - Law firm winners
- The Legal 500 Latin America Awards (coming soon)
- The Legal 500 Germany Awards (coming soon)
- Frequently asked questions
- Legal market overview
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Legal market overview
The Latvian economy has been one of the fastest recovering in Europe since the downturn, but economic growth slowed in 2013, and the country saw a significant increase in business restructurings, bankruptcy and litigation. The real estate market also remains sluggish, despite increasing interest from foreign investors.
That said, Latvia’s entry into the eurozone in January 2014 is beginning to fuel significant interest from abroad which may generate legal work. Furthermore, the government has ushered in changes to corporate income tax law, which will see an attractive holding company regime come into effect in 2014, allowing tax-free repatriation of dividends, interest and royalties to non-residents; and implement a participation exemption for capital gains from sale of shares.
Lawin, Raidla Lejins & Norcous and Sorainen remain market leaders, and cornered the majority of the market’s upper-end deals in 2013. Attorneys at Law Borenius, Kronbergs & Cukste and Glimstedt & Partners are also prominent across a broad spectrum of practice areas.
In another development, Latvian firm Adversus joined forces with Nordeus in Estonia and The Attorneys of Pavlov & Mamontovas in Lithuania to form new firm Fort.
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Inside this issue: Latest case law in labour matters Protection of proprietary in-terests of a company at the European Court of human rights — why not? Assessing the transfer of an undertaking NEWS – ANNOUNCEMENTS – EVENTS
The amendments made - Significant amendments to the Commercial Law regarding reorganization of companies, convening of shareholders’ meetings, as well as declaring the beneficial owners came into effect on 1 and 13 July 2011.
Legal News at Your Glance - European Union: Treaty of Lisbon signed -- Estonia: Changes in Income Tax Act -- Latvia: Latvian Supreme Court upholds restrictive doctrine of foreign state immunity -- Lithuania: Amendments in the business accounting standards
A practical insight to cross-border Corporate Tax work
This article covers two topics (1) Estonian employment contracts and their termination (2) Amendments in Law “On State Social Insurance”
Latvia: 2007 year in review.
The new Insolvency Law has come in to force as of 1st January 2008
Read entire article by clicking here...
Kyiv, 11 August 2014 - Avellum Partners announced that it has acted as the Ukrainian legal counsel to Ferrexpo in connection with the following three export financing credits:
Avellum Partners announced that it has acted as the Ukrainian legal counsel to Ferrexpo in connection with the acquisition of an electrified railway of over two kilometers long and a power line.
Avellum Partners acted as the legal counsel to the owners of a leading Ukrainian FMCG producer in connection with its sale to a private investor.
KKR, a leading global investment firm, announced an investment in arago AG ("arago"). arago is a German-based high-tech company specialised in IT automation. KKR will acquire a minority stake in arago and support the global roll-out of arago's product portfolio with growth equity.
Funds Legal and Regulatory Update- Ogier
In early August 2014 „Popov & Partners" Law office was selected by the Ministry of Justice of the Republic of Bulgaria to perform public procurement named „Research and analysis of existing systems for enforcement in the EU Member States, research and exchange of the European good practices related to the construction of electronic system/portal for enforcement". The research is in the framework of „Effective and transparent enforcement, integrated with national and European electronic legal systems" implemented with the grant of the Operational Programme „Administrative Capacity", co-financed by the European Union through the European Social Fund.
In the middle of July 2014 "Popov and Partners" law office was awarded a public procurement, announced by the Ministry of Finance, with subject matter "Analysis of the structure of the Managing Authority of Operational Programme "Administrative Capacity" (OPAC) and development of an offer for structure of the Managing Authority of Operational Programme "Good Governance" (OPGG) in relation to the 2014-2020 programming period". The public procurement is part of a project for analysis of the structure of the Ministry of Finance and Operational Programme "Administrative Capacity" Directorate, realized with the financial support of Operational Programme "Administrative Capacity" (OPAC), co-funded by the European Union through the European Social Fund. The most fundamental aim of all project activities is to guarantee the effective execution of Operational Programme "Administrative Capacity" Directorate at the Ministry of Finance, in its capacity of Managing authority of the new Operational Programme "Good Governance" 2014 - 2020, which will replace Operational Programme "Administrative Capacity" and Operational Programme "Technical Assistance", implemented during the past programming period.
The international media company Bertelsmann is increasing its ownership of Gruner + Jahr to 100 percent by acquiring Jahr Holding's 25.1 percent shareholding. The transaction was agreed among Gruner + Jahr's shareholders. Bertelsmann's acquisition of the remaining shares in Gruner + Jahr will become effective on November 1, 2014. The purchase price is being paid in cash, and the parties have agreed not to disclose the amount.
Hengeler Mueller advises LEG Immobilien AG on acquisition of portfolio of around 9,600 residential uA subsidiary of LEG Immobilien AG ("LEG"), acting as the buyer, and Deutsche Annington Immobilien SE ("Deutsche Annington"), acting as the seller, yesterday signed an agreement for a portfolio transaction for around 9,600 residential units and related employees in North Rhine-Westphalia by way of share deal. The total transaction volume amounts to €484m. Following antitrust approval, the closing of the transaction is expected by the end of October 2014.