Financials & Investments

Ellex Klavins advises leading financial institutions and investment companies on the most significant finance transactions. We enjoy a heavy volume of banking-related work, including commercial lending, syndicated loans, refinancing and portfolio restructuring. Our experts assist clients seeking to operate on a cross-border basis to comply with EU passporting and general good provisions, or alternatively we help clients to structure the nature of their investment services in order to comply with applicable restrictions or requirements.
Key projects in the field

Key contacts

Egons Piķelis


Co-head of Banking & Finance Practice Group
+371 6781 4848

Valters Diure

Associate Partner

Co-head of Banking & Finance Practice Group
+371 67350541
What's new in field
Ellex and Allen & Overy advise Blackstone on the acquisition of a majority stake in Luminor for EUR one billion
Read more

Key projects in the field

We advised Baltic Retail Properties Latvia on a significant merger and reorganisation of its subsidiaries
Ellex Klavins provided full legal service to Baltic Retail Properties Latvia in relation to merger with its three subsidiaries in Latvia, related reorganisation matters and registration of outcoming changes in public registers.
The engagement was successfully completed on August 2018.
Shareholder of Baltic Retail Properties Latvia is Lithuanian investment company Baltic Retail Properties which is licensed and has been partnered with the leading US REIT W. P. Carey, Rakauskas family and Kesko Corporation, and invests into retail real estate in Latvia, Estonia and Lithuania.
In Latvia the client was advised by Senior Associate Māris Brizgo and Senior Partner Raimonds Slaidiņš.
Ellex Klavins advises Danske Bank on the sale of its personal customer business in Latvia and Lithuania to Swedbank
Danske Bank has entered into an agreement to sell its personal customer business in Lithuania and Latvia to Swedbank Lithuania and Swedbank Latvia. Danske Bank’s private banking customer business in Lithuania is not part of the sale, however. Danske Bank will in future focus on strengthening its business banking operations in the Baltic region for local and Nordic business customers. Pending local competition authority approval, the sale is expected to be completed in the first quarter of 2016.
Click here to find out more
We advised the insurance company QBE Insurance on liability and insurance issues related to the crash of a training aircraft
The aircraft crash occurred during the examination flight in Latvia and resulted in the death of its Estonian pilot, who served as examiner and student, a citizen of the Russian Federation. The aircraft, pilot and civil liability of the owner of the aircraft (a company registered in Latvia) were insured by QBE Insurance. Our team advised the Danish branch of QBE Insurance in the process of settlement and insurance claim handling.