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14

03
2022

Sanctions – what to do?

On 14, 03 2022 | No Comments | In Uncategorized | By Sandis Bertaitis

As we have already previously emphasized, sanctions must be complied with not only by those who have a direct obligation established in the Law on International Sanctions and National Sanctions of the Republic of Latvia to perform sanction risk assessment and develop an internal compliance system. Everyone must comply with the sanctions! Including individuals, business entities, associations, foundations, self-employed, and farmsteads either, etc.

A failure to comply with the sanctions may cause crucial adverse consequences. Furthermore, any collaboration with sanctioned persons or persons affiliated to sanctioned persons in certain cases may result in adverse consequences. Therefore, take your time and resources now already in order to avoid scooping up spilled water at a later time.

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01

03
2022

FORT stands hand in hand with Ukraine and supports this brave fight for democracy. We live and breathe our brothers’ combat for freedom and dignity.

On 01, 03 2022 | No Comments | In Uncategorized | By Law Office FORT

To support the Ukrainian nation, we are making a financial contribution to Red Cross. A number of our team members have also offered individual financial and other support. It is our honour and pride to contribute to this worthy cause.

Our hearts beat for you, Ukraine! Слава Україні! Героям слава!

21

02
2022

Law firm FORT strengthens its pan-Baltic activity and appoints CEO in the Baltic States

On 21, 02 2022 | No Comments | In Uncategorized | By Law Office FORT

With the aim to strengthen its pan-Baltic activity the law firm FORT appoints Ausra Jefremoviene as Chief Executive Officer (CEO) in the Baltic States. New CEO will be entrusted to boost the development of the law firm towards more integrated and client-oriented services.

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19

01
2022

FORT advised investors on acquisition of Georg Ots Spa hotel in Kuressaare

On 19, 01 2022 | No Comments | In Uncategorized | By Kadri Lensment

FORT represented Cornada OÜ in transaction concerning the purchase of the building of well-known and popular Georg Ots Spa hotel in Kuressaare, Saaremaa. According to the buyers, Kuressaare still has a lot of potential as a tourist destination. The total area of the building is over 6600 square meters, the hotel has 92 rooms.

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19

11
2021

FORT has represented the real estate investment company EfTEN Capital AS in investment in its new product – housing rental in Kaunas

On 19, 11 2021 | No Comments | In Uncategorized | By Law Office FORT

EfTEN is taking the first step into the Lithuanian housing rental market by investing 10 mio euros to construction of 2 nine-storey multi-apartment buildings in Kaunas. The project will produce 96 completely installed and furnished apartments to be rented on a long-term basis. EfTEN will work side by side with the real estate developer UAB Etapas Group. This is the first investment by EfTEN Residential Fund in Lithuania.

Attorney-at-law Rūta Radzevičiūtė – Meizeraitė has advised EfTEN on all transaction documents.

More information can be found here [https://bit.ly/3qWzvzs]

21

10
2021

Our partner Andreas Veeret successfully represented a client in a court dispute against a competitor

On 21, 10 2021 | No Comments | In Uncategorized | By Kadri Lensment

Our partner Andreas Veeret successfully represented a client in a court dispute against a competitor. The competitor filed an action claiming that our client had breached EU competition rules and was thus obligated to compensate the competitor for damage caused thereof. One of the main disputed issues was the question of whether guarantee terms effected by the producer of a vehicle were too cumbersome towards the owner/possessor of the vehicle and as such, in contradiction to EU competition rules. The court agreed with our arguments, found that our client had not breached any competition rules and decided not to satisfy the action.

15

10
2021

Margus Kõiva gave a presentation on public procurement promoting innovation

On 15, 10 2021 | No Comments | In Uncategorized | By Kadri Lensment

FORT Law Office had the privilege of contributing to DeltaE Engineering Office’s conference on energy saving and industrial solutions for industry and business real estate (13-14 October 2021).

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07

10
2021

FORT advised cross-border transaction valued over 15 million USD

On 07, 10 2021 | No Comments | In Uncategorized | By Kadri Lensment

Control was acquired over an international company that employs proprietary machine learning techniques for providing liquidity to the cryptocurrency platforms. The business model of this unique quantitative trading company relies on a strictly data-driven approach, artificial intelligence, and time series analysis.

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29

09
2021

Associate Tõnis Loorits criticised Estonian FIU in press

On 29, 09 2021 | No Comments | In Uncategorized | By Kadri Lensment

Associate Tõnis Loorits represents 8 companies who filed a lawsuit against the procrastination tactics of the Estonian Financial Intelligence Unit (FIU). FIU is an independent institution in the area of government of the Ministry of Finance.

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28

09
2021

FORT tax counsel Ivo Vanasaun gave a presentation in the International Fiscal Association webinar

On 28, 09 2021 | No Comments | In Uncategorized | By Kadri Lensment

International Fiscal Association  (IFA) Poland and the Young IFA Network organises international 2 days webinar entitled  ” Source taxation/withholding tax (WHT) in different countries”. In webinar discusses experts from 12 countries, including representatives from UK, Germany, Spain, Italy and also Baltic countries.

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