BDO Law represented ALTUM

10 April 2015

ALTUM (JSC “Development Finance Institution Altum”) was represented in three complex civil litigation cases regarding disputes between the client and the previous shareholders of Parex banka (Currently- bank Citadele).

Parex banka was one of the largest credit institutions in Latvia that suffered serious losses due to the economic crisis in 2008, which almost lead the bank to bankruptcy. The client made investments in the restructuring process of the bank, therefore keeping an interest in recovering damages from previous owners.

BDO Law drafted legal documentation and represented the client in courts and state institutions regarding recovery proceedings.