Skrastiņš & Dzenis has successfully represented travel agency “Kolumbs” and its majority shareholder in a shareholders’ dispute

Skrastiņš & Dzenis team has successfully represented travel agency “Kolumbs”, a well-known and the largest tour operator and travel agency in Latvia, and its majority shareholder in a shareholders’ dispute among majority and minority shareholders.

Over the years, minority shareholder carried out actions which clearly showed signs of raiderism. Minority shareholder was significantly hindering the work of the company in order to benefit from the outcome and had submitted 7 different claims to the court. As a counteraction to the oppressive actions our client also has submitted a claim to the court for the withdrawal of the minority shareholder from the company’s shareholders.

Skrastiņš & Dzenis dispute resolution team has successfully represented our client during court sessions and drafting various documents, as well as, during settlement negotiations with minority shareholder. As a result, the shareholders concluded a settlement, thus, putting an end to this complex and time-consuming dispute.

Experience