News

FORT advises East Capital Real Estate on the acquisition of the SEB Bank head office in Tornimäe, Tallinn

FORT advises East Capital Real Estate IV fund in acquiring the head office of SEB Bank in Tornimäe, Tallinn.

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FORT advises LHV in acquisition of Danske Bank’s ca 300 mEUR unit involved with Estonian corporate and public sector credits

FORT Advises AS LHV Pank, a subsidiary of AS LHV Group, in acquisition of Danske Bank’s business unit operating the Estonian corporate and public sector credits, that as at the end of April amounted to approximately 312 million euros. Read more…

Until June the 19th, tenants of Estonian shopping centres can apply for support for the rent of June from the Enterprise Estonia

These lessees of shopping centres, who were during the emergency situation obliged to temporarily close their doors as a result of the order of the government, can apply for financial support for the rent of June via the Enterprise Estonia’s e-environment until the 19^th of June (4:00 PM). The lessee may request support once for each of its establishments (place of business in any shopping centre, e.g shop or restaurant) by submitting one application for all of them. Those trading or service companies that manage children’s playrooms located outside shopping centres, can apply as well.

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FORT advised AS Selver on acquiring 100% shareholding in retailer ABC Supermarkets AS

FORT advised AS Selver (a subsidiary of Tallinna Kaubamaja Grupp AS, a company listed in the main list of the Tallinn Stock Exchange) on acquiring 100% shareholding in retailer ABC Supermarkets AS.

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Rating Agency Legal 500 Highly Ranks Performance of FORT

International legal rating agency Legal 500 has published the latest edition of The Legal 500 Europe, Middle East and Africa (EMEA) 2020 summarizing data and providing a guide of law firms in Europe, Middle East and Africa. For several consecutive years FORT has been recognized as one of the leading law firms in Latvia, Estonia and Lithuania. Read more…

DEFAULT INTEREST LIMITATIONS DURING COVID-19

Ramona Miglane

On 5 April 2020 a new legal provision has entered into force providing that during the period from 1 April 2020 till 1 September 2020, the default interest for the delay in the performance of civil legal obligations shall not exceed the statutory interest. As is apparent from the annotation of said legal provision, its purpose is to reduce the workload of the courts with those litigation matters that are related to the application of force majeure circumstances caused by Covid-19 when the claimant is requesting to release it from negative consequences (such as default interest or contractual penalty).

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FORT receives excellent ratings of Chambers 2020

The Chambers Global Guide is a prestigious guide into the vast world of law firms where the law firms and legal counsels from all over the world are evaluated and compared. The evaluation is also provided on the regional level.

This year FORT has repeatedly gained international recognition in both global ratings of Chambers Global and European ratings of Chambers Europe. Read more…

FORT Vilnius successfully represented Gateway Airport Services in the acquisition of 100% shares of Litcargus

They are Litcargus. For the last 25 years, they have been leaders of aircraft ground handling in Lithuania. However, first of all, they are a team that ensures success of our flights. Progress is their oxygen. Success starts with the team, which is tuned like a Swiss watch. The flight is merely the tip of the iceberg; the main part of the process takes place on the ground. Read more…

FORT represented „Eika Real Estate Fund“ with regard to acquisition of the business centre „Highway“

FORT team has represented the fund „Eika Real Estate Fund“ managed by the investment management company UAB „Eika Asset Management“ with regard to acquisition of the business centre „Highway“. The fund invests in commercial real estate (developed or under development) and is intended for informed investors. Read more…

Takeaway from the IAPP Europe Data Protection Congress 2019

Last week FORT Riga lawyer, data protection officer Nikola Katrīna Megne attended one of the largest events for GDPR practitioners – IAPP Europe Data Protection Congress 2019 held in Brussels. Here are seven things to keep in mind after the congress that Nikola would like to share.

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