The first hearing has been held in an action for challenging the provisions of the investment agreement made between former shareholders of Parex banka and the Republic of Latvia case

On June 4 in Riga District court held the first hearing in the case where several applicants, including the former Parex banka shareholders seek to challenge the provisions of the Investment agreement of 2008 by means of which Latvian government took over shares of the Parex banka. Skrastiņš & Dzenis represent the interests of the claimants in this challenging litigation. Court will resume the hearing on November 26, 2013.