Mr Valts Nerets > Sorainen > Riga, Latvia > Lawyer Profile

Sorainen
KR. VALDEMARA 21
LV-1010 Riga
Latvia
Valts Nerets photo

Work Department

Dispute Resolution & Risk Management

Position

Partner and head of the firm’s Dispute Resolution & Risk Management practice group in Latvia

Career

Experience and a business-minded approach drives Valts Nerets’ service to clients in international and local arbitration proceedings and litigations involving cross-border elements and international trade issues. Among the few transport and maritime law professionals in the Latvian market, Valts is also passionate about international investment law ‒ his field of research for over 10 years.

Disputes involving foreign law and foreign courts. Valts’ daily work features consulting clients in disputes involving private international law issues, such as handling disputes under foreign law in Latvian courts and arbitration tribunals, drafting expert reports on Latvian law for foreign courts, plus assisting with recognition and enforcement of foreign and EU court judgments, arbitral awards and freezing orders in Latvia. He also assists clients with taking evidence in civil and commercial matters, with European account preservation orders, and in other cross-border matters.

International investment arbitration. Valts Nerets advises on investment-related issues, such as structuring investments and negotiating with governments. To illustrate: as counsel for E energia, he helped the client investor win a favourable award against the Republic of Latvia in its first investment arbitration case at the International Centre for Settlement of Investment Disputes (ICSID) in Washington, DC.

In 2018, he represented one of the largest international insurance groups in Central and Eastern Europe in winning a dispute at the Stockholm Chamber of Commerce Arbitration Institute (SCC).

Advising regulated sectors. Valts assists clients in trade and regulatory aspects of transport and maritime law, including negotiations and disputes, ship arrests, vessel transactions and registrations, plus shipbuilding contracts. For example, he provided legal support on the sale of the Regina Baltica ferry, a rare transaction for Latvia involving a vessel with gross tonnage exceeding 18,000 tons.

Languages

Latvian, English, Russian

Memberships

Latvian Bar Association

Education

  • Riga Graduate School of Law, Latvia (LLM in Transborder Commercial Law, with distinction)
  • University of Latvia, Latvia (LLB, LLM)
  • City Law School, City University London (summer school in maritime law)

Lawyer Rankings

Latvia > Shipping and transport

(Next Generation Partners)

Valts NeretsSorainen

Sorainen is instructed in the biggest road and rail infrastructure projects in Latvia and the Baltics, and it has also been very active in the digitalisation of the transport sector. The team is also highly skilled in contentious matters, with practice head Valts Nerets focusing on domestic and international issues concerning trade, transport and maritime issues. Other names to note include Ieva Andersone, who is knowledgeable about regulatory issues, and managing partner Eva Berlaus, who is experienced in handling corporate and commercial matters in the transport sector.

Latvia > Dispute resolution

(Next Generation Partners)

Valts NeretsSorainen

Cross-border disputes are a particular strong point at Sorainen, which acts for governments and investors in arbitration matters connected with bilateral investment treaties. Other areas of activity include procurement and public infrastructure projects, general commercial litigation, tax litigation and white-collar crime cases and tax litigation. Valts Nerets co-chairs the practice with Andris Tauriņš, who is focused on IP and TMT matters. Counsel Raivo Raudzeps is a key name for procurement disputes. Nauris Grigals was a new arrival in early 2022 from TGS Baltic.