BDO Law assisted R.S.E. Holdings AG in arbirtrage proceedings

01 March 2014

Janis Zelmenis , Partner, Attorney at Law |
Rolands Zigurs , Associate |

The Law firm represented R.S.E. Holdings AG in the matter of an ad hoc arbitration under UNCITRAL rules of international arbitration and the agreement between the Swiss Federal Council and the Government of the Republic of Latvia on the Promotion and Reciprocal Protection of Investments.

At the background of this case is Latvia’s bailout, nationalization, restructuring and sale of one of the country’s biggest banks in the aftermath of the 2008 financial crisis. The Law firm represented R.S.E. Holdings AG in a claims arising out of mistreatment of the Client relating to the takeover of Parex Bank, and its subsequent division into two successor institutions.