Ellex Klavins

 In response to Russia’s waged and Belarus supported war in Ukraine, Western countries have substantially broadened sanctions on Russia and Belarus, its citizens, individuals, businesses and organizations to stop needless bloodshed in Ukraine. Given sanctions previously imposed on Russia and its associates are still in place, Russia is now a world leader in the level of sanctions imposed. Below is a brief overview of the additional European Union (EU) sanctions imposed on Russia and Belarus since 23 February 2022...

I Banking and Finance The Government of Latvia has approved a business support program that provides for financial measures ensured in cooperation with state development agency Altum. The program is planned to continue until mid-2021. Depending on individual needs, companies, regardless of industry, can use six crisis alleviation programs: Working capital loan – a liquidity support for companies, whose activities have been affected by Covid-19...

Ellex continues to receive a series of significant achievements! The most recent one is being recognized as the Baltic-wide Law Firm of the Year 2021 at the Chambers Europe awards. The online ceremony was held on Thursday, April 22. This award acknowledges the significant work by the integrated team of more than 200 Ellex experts and affirms our industry-leading legal services across the Baltics. Our biggest appreciation is our clients – we are thankful to them for trusting us as their legal adviser. We are proud to stand by their side as the strategic partner and will continue to provide them with unparalleled legal excellence...

Despite the impact of COVID-19, the Baltic region in 2020 recorded 70 M&A deals worth a publicly-announced total of almost €1.2bn – a level of activity consistent, or even slightly above, the previous year, according to a new report published by Ellex in association with Mergermarket. The Baltic M&A Monitor provides analysis of M&A activity in 2020 in Estonia, Latvia and Lithuania, along with forecasts for the year ahead. “It’s been really counterintuitive, given the COVID-19 situation and economic difficulties,” said Raimonds Slaidiņš, a partner at Ellex in Latvia. “Our transaction work has been much greater than we expected...