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Commercial Contracts, Latvia

Introduction

At Eversheds Bitāns we routinely face transactions requiring commercial advice, preparation, negotiation and execution of pre-contractual and contractual documentation.  We provide overall commercial, drafting and negotiation support to our clients as they carry out their daily commercial operations, form strategic alliances with business partners to expanding into new markets.  Contractual documentation is at the core of these processes and is critical to business success.  

Our team of dedicated lawyers are able to quickly grasp commercial issues and risks as you pursue business transactions and relationships both within Latvia and internationally.  In advising our clients, we strive to combine the high quality of expertise of our lawyers with a commercially pragmatic approach to problem solving.   

We have accumulated substantial experience in advising parties to a varied spectrum of commercial transactions on commercial and contractual issues relevant to many different industry sectors.  We have advised on legal aspects of commercial strategies for some of the most complex domestic and cross-border projects.  

Whenever clients turn to us for support in order to overcome problems, we usually analyse their contractual position with a view to identifying strength and weakness areas.  

We also draft contracts and other commercial legal documentation for our clients and assist with negotiating and closing transactions.  Our vast drafting expertise comprises contracts for supply of goods and services, manufacturing, marketing, distribution, construction and development, engineering, agency, outsourcing, licensing and transfer of intellectual property rights, franchising, partnering arrangements and many others. 

We count among our principal clients one of the largest global high-tech equipment and electronics manufacturers, a leading Scandinavian road vehicle manufacturer and a leading German electrical engineering company.

Services

Our principal practice areas within commercial and contract law comprise:

  • Supply and distribution
  • Manufacture and sales of consumer goods
  • Construction and engineering
  • Principal and agent relationships
  • Carriage of goods by land and sea
  • Commercial guarantees
  • Trade and export transactions
  • Project finance
  • Product liability
  • Non-disclosure agreements
  • Commercial litigation

Our Experience

We pride ourselves in having represented our clients or having advised clients on a number of matters involving corporate and commercial law issues.  The track record of our corporate and commercial practice includes, among others, the following landmark events and transactions:

Our law firm routinely acts as legal counsel to a leading global electronics equipment manufacturer in drafting and negotiating warehousing and logistics agreements, marketing, promotion and advertising related agreements, sponsorship agreements, technical support agreements, barter agreements, service centre agreements, commercial powers of attorney, non-disclosure agreements and provides transactional support.

We provided instrumental advice to the national Latvian air carrier in arranging financing for acquisition of next generation aircraft fleet.  Moreover, we supported the air carrier in negotiations concerning restructuring of their financial commitments.

Our law firm assisted one of the leading Russian full-service logistic companies in drafting, negotiation and closing of a range of investment and trade agreements and other relevant documentation supporting its business operations throughout Latvian ports.  We regularly provide drafting and negotiation support with respect to a wide array of commercial contracts.  

Our recent experience includes legal assistance in drafting of a distribution agreement for the local affiliate of a leading European dairy products supplier and drafting of an agreement covering provision of logistics services between the local affiliate of a leading European nutrition products supplier and a global logistics service company.

We provided legal advice to an international transport association in reviewing a model bank guarantee undertaking which accompanied its transactions with Latvian banks.

We assisted a major domestic shipping company in drafting and negotiating a set of chartering agreements.

We provided legal counselling to a domestic association of road transporters on a range of issues related to TIR, CMR and general transportation by road matters.

 

Elīna  Muciņa