TGS Baltic advised Coöperatieve Rabobank U.A. in relation to a financing transaction and creation of appropriate security in Latvia. The financing was provided to a Latvian company engaged in fishing - SIA Batterfiša with Dutch origin, for the purposes of refinancing existing liabilities and working capital needs.
TGS Baltic advised on all Latvian law matters, including the facility agreement and security documents. The security was to be established in Latvia over the vessel and other assets owned by the borrower as well as the shares in the borrower. Advice was also given on maritime law aspects in relation to ship mortgage, maritime liens and the legal nature of fishing quota.
The team of TGS Baltic Latvia was made of partner Inese Hazenfusa, associate Raivis Znotiņš and legal assistant Mārtiņš Galzons.
TGS Baltic is a top – tier full-service business law firm in Latvia, Estonia, and Lithuania employing 150+ lawyers across the Baltics.