Commercial law ranks among the strongest practice areas of drill., as most of our clients are businesses. We have extensive experience in the very topical field of e-commerce, combining it with data protection and IP, so that the client’s business can run smoothly and securely.
Our clients trust our knowledgeable team to provide guidance on their day-to-day business operations as well. Our legal assistance is very diverse – we offer legal advice and solutions in business, as well as on contractual and commercial law issues. One of our strengths is the blend of corporate know-how with broad financing and M&A expertise, as well as knowledge and experience in intellectual property and IT law.
We also assist company shareholders, board members and senior executives with corporate law matters, such as regulatory compliance, obtaining of relevant authorisations and approvals, development and implementation of employee incentive schemes (employee share option schemes), protection of majority or minority shareholders, as well as on matters relating to the duties and responsibilities of board members and corporate governance models.
Congratulations to partner Ramona Miglane on the recognition in the prestigious Chambers Global Guide 2022 ranking for her significant experience in fintech sector in Corporate/Commercial practice area.
Chambers Global Guide ranks the best lawyers and law firms in more than 200 jurisdictions worldwide. The ranking is based on an in-depth study by the Chambers Global team of reaserchers.
Our team of M&A experts gave legal advice to the owner of Latakko, a tire wholesaler in Latvia, Estonia and Lithuania and retailer in Latvia of more than 25 years, in a transaction where the Scandinavian holding company, Nordic Tyre Group, acquired Latakko companies in all three Baltic countries.
As a result of this transaction, Nordic Tyre Group has become a leading independent distributor of tires and wheels in Norway, Sweden, Finland and the Baltic countries. The total revenue of Nordic Tyre Group and Latakko is estimated at more than 320 million EUR, with over three million tires sold annually. The transaction is still to be cleared by the competition authorities.
Our team of M&A experts provided the client with a full range of legal assistance, which included both the coordination of the documents for concluding and executing the sale transaction and the coordination of documents related to the client’s future participation in Nordic Tyre Group in the capacity of partner. The transaction was implemented in cooperation with M&A consultants Auctus Capital SIA.
More information about the transaction can be found here and here (text available only in Latvian).
We are proud and happy that partner Ramona Miglāne has been recognized by prestigious Chambers Global Guide 2021 and ranked as an outstanding practitioner in Corporate/Commercial in Latvia.
The Chambers Global Guide ranks the top lawyers and law firms in over 200 jurisdictions across the world. Their rankings are based on the in-depth research of the dedicated and experienced team of Chambers Global researchers.
The main purpose of the prohibition on financing stated in Article 241 of the Commercial Law is to protect the creditors and minority shareholders of a joint stock company, but in the event of reorganization and reduction of the share capital, they are protected by other provisions of the Commercial Law. Therefore, the reorganisation and reduction of the share capital carried out in accordance with the provisions of the Commercial Law do not preclude the prohibition on financing.
https://juristavards.lv/doc/190991-par-aizliegumu-akciju-sabiedribai-finanset-savu-akciju-iegadi/