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Practice areas

Industries

Financial services

Our expertise and experience in serving clients representing Banking and finance sector roots in our background as in-house lawyers in one of the largest banks in Latvia, which has given us a great deal of advantage in understanding how the industry works as well as provided us with thorough industry knowledge.

On a regular basis we consult, provide counselling, dispute resolution services and other legal advice to several banks, FOREX, asset management companies and other financial institutions.

Our lawyers have taken part in acquisition of an investment brokerage company, have been involved in incorporation of banks and have consulted foreign credit and investment institutions cooperate with Latvian banks and delivered opinions regarding compliance with law, prospects and possibilities of certain financial transactions in Latvia.

Key clients in this sector include AS Moda Kapitals – a pawnbrokers chain, international consumer crediting company, Swiss based bank and FOREX platform operator as well as Citadele Asset management – an asset management company.

Key contact

Expert team

Experience Highlights

International Investment Dispute: Skrastins & Dzenis Partners Represent AS PNB Banka in a Case Against Latvia at ICSID

In June and July this year, Skrastins & Dzenis Law Office partners Vigo Krastiņš and Verners Skrastiņš together with HANEFELD colleagues – Partner, Attorney-at-Law Prof.
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Successfully defended a client in an AML case regarding money laundering and confiscation of funds in the amount of 1 million euros

We are thrilled to announce that Skrastiņš & Dzenis Law Firm has successfully defended a client in a recent AML case where the Financial Intelligence Unit of Latvia initiated proceedings regarding money laundering and confiscation of funds in the amount of approximately 1 million euros.
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Successfully represented insolvent PNB Banka in five multimillion arbitration proceedings at LCIA

Our office’s partner Verners Skrastiņš has successfully represented the insolvent PNB Banka in 5 arbitration proceedings at the London Court of International Arbitration (LCIA).
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Significant judgement opens a turning point in the Latvian case law regarding termination of statute of limitations

The case in question opens a new turning point in case law in regard to the termination of the statute of limitations.
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Advised AS “Moda Kapitāls” on sale of loan portfolio

Skrastiņš & Dzenis acted as legal adviser to AS “Moda Kapitāls”, owner of one of the largest Latvia’s pawnshop network, on the sale of AS “Moda Kapitāls” loan portfolio of consumer credits against movable collateral, brand name and goods in its stock that are not movable collateral to AS “DelfinGroup”.
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Significant judgment of the appellate court in the claim of AS “Parex banka” against its former board members

Skrastiņš & Dzenis successfully represented the former board members of AS "Parex banka" in a civil case, in which the Court of Appeal (Riga Regional Court) repeatedly rejected the claim of AS “Parex banka” (later AS “Reverta”, but now SIA “REAP”) against the defendants, former board members Mr.
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We advised IPAS “PNB Asset Management” on sale of pension funds’ management rights

We are pleased to announce that Skrastiņš & Dzenis acted as legal adviser to IPAS "PNB Asset Management" on sale of pension funds' management rights.
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We advised insolvent AS “PNB Banka” on conversion and sale of shares in MasterCard and Visa

We are pleased to announce that Skrastiņš & Dzenis acted as legal adviser to insolvent AS “PNB Banka” on conversion and sale of shares in MasterCard and Visa.
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AS “PNB Banka” Insolvency Proceedings

Vigo Krastiņš, Partner of Skrastiņš & Dzenis, was appointed as an Administrator of insolvency proceedings of AS “PNB Banka”.
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Providing assistance necessary for getting a credit granting licence

Skrastiņš & Dzenis​ team has provided legal assistance to Estonian investor-owned company LandCredit by preparing all required documents necessary for getting special permit/licence for credit granting services, including documents (Internal control system’s rules) complying with GDPR and AML (Anti Money Laundering) requirements.
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Skrastiņš & Dzenis has represented AS Latvijas gāze in a damages case against Financial Capital and Market Commission

Skrastiņš & Dzenis team has represented AS Latvijas gāze in a damages case against Financial Capital and Market Commission where our client has taken an action to claim from the FCMC interest from the deposit – the part of damages suffered as a result of insufficient supervision over AS Latvijas Krājbanka.
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Successfully represented former owners of Parex Banka

Skrastiņš & Dzenis team (Andrejs Guļajevs and Verners Skrastiņš) together with other attorneys-at-law has successfully provided legal assistance and defended former owners of Parex banka before the court of first instance.
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Skrastiņš & Dzenis represents the former shareholders of the Parex banka in a damages case

On June 7 Riga District court delivered judgement in one of the series of damages cases where a damages claim was brought by JSC Reverta (former Parex banka) against the former shareholders.
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