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05 June, 2014

Skrastiņš & Dzenis has successfully represented a client in a case against the Latvian Competition Council

In the aftermath of the infamous Samsung cartel case, where the Latvian Competition council back in 2009 delivered an infringement decision and imposed on cartel members a record amounts of fines, our law office has successfully represented a client operating shops with the Tehnoland trademark in a novel case against the Latvian Competition Council where the Competition Council has attempted to apply the inevitability of liability principle and has issued an executive order in attempt to collect from the client a fine previously imposed on another legal person, which has ceased to exist.

As a result, on 5 June 2014 Riga Administrative district court has declared illegitimate and repealed the mentioned executive order on procedural grounds.

Key contact Verners Skrastiņš

Dispute Resolution
Banking and Finance
Regulatory/Antitrust

Experts

Andrejs Guļajevs

Experience

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 against a dishonest council member in corporate proceedings

Skrastiņš and Dzenis successfully defended the interests of the client, a joint stock company, in the civil proceedings against a Member of the Council of the company who had dishonestly used his rights.
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We are pleased to congratulate our client SIA “Dārta” on the acquisition of the Real Estate located at Smilšu 5, Riga Old Town

Skrastiņš & Dzenis team has successfully advised SIA “DĀRTA” on the recent acquisition of the Real Estate located at Smilšu 5, Riga Old Town.
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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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Advised a client on the sale of a shopping centre located in a refurbished former radio equipment factory

Our client has sold the main building and development project of a new modern multifunctional shopping and recreational centre in Riga’s third-largest residential area Imanta.
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OPTIBET acquires a gambling operator known by trade mark “Klondaika”

Skrastiņš & Dzenis team advised OPTIBET on the recent acquisition of FURORS, a company operating in the gambling business under the brand name “Klondaika”.
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Successfully advised OPTIBET in obtaining competition clearance from the Latvian Competition Council

We congratulate our client OPTIBET on its success.
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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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We successfully represented a client in civil case regarding exercise of rights of first refusal and pre-emption

The case in question opens a new turning point in case law when the integrity and genuine will of a person entitled to rights of first refusal is being assessed.
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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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Represented a client and reached a settlement in a corporate dispute

Skrastiņš & Dzenis dispute resolution team successfully represented the client in a corporate dispute started in 2004.
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Advised a client on acquisition of aggregation of property

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.
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We advised client on acquiring sole ownership of a Latvian retail company

We are pleased to announce that Skrastiņš & Dzenis acted as a legal adviser to a retail company in a capital share acquisition project.
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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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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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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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The DLV dispute has come to an end

We are proud to say that after rather protracted court trials, the long-standing dispute between the shareholders of DLV has finally been solved by reaching a settlement.
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Representing a client in the LCIA

Skrastiņš & Dzenis partner Verners Skrastiņš together with our Lithuanian colleagues from Motieka & Audzevicius and Stephenson Harwood partner, Queen’s Counsel Louis Flannery has represented a client, as a claimant, in a 5-day long arbitration hearing in the London Court of International Arbitration (LCIA).
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Representing a client in a case over reimbursment of real estate investments

Skrastiņš & Dzenis team has successfully represented client’s interests in a litigation process.
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