On 10 June 2025 Latvia completed the transposition of Directive (EU) 2024/1226 by amending three key statutes: the Criminal Law, the Law “On the Procedures for the Coming into Force and Application of the Criminal Law,” and the Law on International and National Sanctions of the Republic of Latvia.

Sorainen has advised Danish Sun Energy on the sale of a large-scale co-located solar and battery energy storage project in Latvia to Sunotec.

Cobalt, working alongside Holland & Knight, has advised Redwire Corporation on its USD 925 million acquisition of Edge Autonomy Intermediate Holdings LLC and its subsidiaries. Richards, Layton & Finger reportedly advised the special committee of the Board of Directors of Redwire. Kirkland & Ellis reportedly advised Edge Autonomy.

Sorainen has advised PurpleGreen Capital on the launch of a new alternative investment fund manager and the establishment of an alternative investment fund headquartered in Latvia, within the EU regulatory framework.

In Latvia, the termination of employment relationships for labor union members is specifically regulated to protect their rights. However, in practice, this regulation creates significant challenges for employers, as labor unions almost always refuse to grant consent for dismissal.

In April 2007, Estonia made global headlines — not for a military conflict or natural disaster, but for one of the first coordinated large-scale cyberattacks against a nation-state. Sparked by the relocation of a Soviet-era war memorial in Tallinn (known as the Bronze Night), the country’s digital infrastructure was flooded with denial-of-service attacks. Government websites, banks, media outlets, and essential services were knocked offline. It was a wake-up call: digital threats could now paralyze a country just as effectively as tanks and missiles. 

Cobalt has advised Eolus on the sale of its greenfield Pienava wind power project to Latvenergo.

Sorainen has advised Activate Capital on its investment in Aerones as part of a USD 62 million round. Mintz, Levin, Cohn, Ferris, Glovsky and Popeo reportedly advised Activate Capital as well.

TGS Baltic has successfully represented LDZ Cargo and its parent company in overturning a EUR 5.7 million fine imposed by the Latvian Competition Council for alleged abuse of dominant position in the rail freight sector.

Cobalt has advised Rigas Udens on its EUR 20 million European Green Bond issuance and admission to trading on the Nasdaq Baltic Bond List with Signet Bank as the bond program arranger and dealer.

A privatization certificate is a dematerialized security issued by the state, which can be used only once as a means of payment for state or municipal property subject to privatization.

Ellex has advised Trodo on a senior debt facility from SEB Latvia to finance a shareholder buyout.

Walless has advised Iron Wolf Capital on the launch of its EUR 100 million early-stage fund.

Cobalt has advised Luminor Bank as the sole lead manager on Altum's issuance of five-year bonds in the amount of EUR 70 million. 

On June 3, 2025, Sorainen announced that ICA Gruppen's sale of Rimi Baltic Group to Salling Group (as reported by CEE Legal Matters on March 12, 2025) has now closed.

Sorainen has successfully defended Nasdaq CSD SE in a dispute brought by AS Grindeks concerning the recovery of shareholder dividends. 

Latvia is seeing a rise in disputes and public infrastructure work, according to Klauberg Baltics Managing Partner Theis Klauberg. At the same time, corporate activity is slowing, as regional and global uncertainties reshape priorities for both firms and clients.

Big law firms can coast on boring slogans. They’ve got the clout, the infrastructure, and the impressive list of past clients to do the talking. But if you’re a smaller firm and your website sounds like everyone else’s, you are disappearing into the beige background of legal marketing noise.