TRANSFER
We will be glad to assist in arranging a sale of your business, or represent a buyer in acquisition of target companies. Both finding a buyer services as well as related tax and legal services or purchase of going concern including assisting in ensuring financing may be provided.

Steps of a sale are as follows:

1. Preparing financing for acquisition and related tax planning;

2. Entering into confidentiality agreement with potential buyer/seller; 

3. Provide summary prospect for potential buyer;

4. Negotiations with a buyer/seller concerning terms of the a sale;

5. Providing data room with the target financial, legal and tax data;

6. Closing of contract;

7. Post acquisition services.

 We look forward to the future co-operation!

 For investments into real estate in Latvia and Norway, please, see offers at  www.realestateeu.eu

 RECENT TRANSACTIONS:

IT and Telecoms
1. Providing legal advise to the Latvian Privatization Agency in relation to privatization of the Lattelecom 51% state share, a fixed line national telephone company, and Latvian Mobile Phone, a leader in mobile telephone services in Latvia, value, over 1 billion EUR.

2. Bidding for the third mobile telephone license company SIA "Bite Latvija" purchase of shares. We did full legal due diligence on the company. In 2002 by decision on the allocation of radio frequency spectrum usage rights to SIA "Bite Latvija" this company become the third mobile telephone company in Latvia with more than 155 thousand clients in October 2007, biggest in Lithuania. In 2007 January decision by the Danish investor TDC was taken to sell the shares. Bidder was represented by Skadden Arps Slate Meager&Flom. Sale was closed by 450 million EUR (316 million lats). 

3. Acquisition by German chip maker for mobile phones and mobility devices Infineon going concern of software development business in Latvia.

M&A
1. Acquisition by Estonian Liviko send biggest alcohol producer in Latvia LION, total consolidated turnover 108 million EUR, 500 employees. Completed October 4, 2007.

Banking and Finance
1. Represented Demag DeLaval Machinery (Sweden) which later changed a name to Siemens in reconstruction of thermo electric power station TEC-1. Value - EUR 270 million.

2. Providing service to Nordic investment bank as well European investment bank  in relation to loans to Latvenergo, the national energy company in Latvia, total amount exceeding of EUR 168 million.

3. Representing Firebird Republic Funds which is US based investment fun in financial sector in hostile squeeze out bid from SEB AB, Swedish bank in minority shareholding in SEB Latvijas Unibanka, one of the biggest Latvian banks.

4. Proving service to Estonian Suprema Investment Bank, a subsidiary to Finish Elvi group as well as investment bank Guild Bankers in relation to investments in Latvia.   

Real Estate
Finance and tax advise to Korsnas AB group for sale of forest asserts to Foran Real Estate SIA. Value - EUR 8 million.

Representing one of the biggest city municipalities in court regarding lease of assets agreement for the city heating system.

Competition and Antitrust
Advice to London’s Sherman & Sterling on antitrust and merger control issues.

Representing German cosmetic producer Beiersdof in misleading advertisement case in a court.

Tax
Tax advises to Coca- Cola and McDonads on international taxation. More than 10 years experience in tax field, Valters Gencs used till 2002 be a head of Ernst & Young tax service line.

Representing French Alstom Power Hydro in precedent setting VAT refund return case in a court.
 

  Intellectual Property
Representing owners of SPALDING basketball trademark in counterfeiting matter,

Advising General Motors on franchising matters, GENERAL MOTORS divisions like SAAB in infringement matters.

Employment
1. Arranging and maintenance as a function of human resources outsourced department for 3 Latvian flag ships sailing in international lines-Latvia-Sweden, Russia, Germany, Lithuania, Norway, operated by Scandlines in the Baltic sea.