Skrastiņš & Dzenis acted as legal adviser to the client on acquisition of industrial real estate and movable property from the AS “Trasta komercbanka” in liquidation. As a result of the transaction our client acquired premises of former fish canning facility located in Liepāja Special economic zone.
Our client plans to make investments for both the adaptation of the old production buildings and the construction of new buildings and the purchase of new technologies. It is planned to set up one of the most advanced fish processing facilities in Latvia and the Baltics.
Our team provided general advice on conclusion of such transaction. The team was led by partner Verners Skrastiņš and associate Evija Ābele.