BDO Law provides support to Grand Hotel Kempinski Riga in connection with concluding a lease agreement

07 June 2021

In April and May of this year, the law firm BDO Law provided legal support to its client, the owner of the five-star Grand Hotel Kempinski Riga, to the Limited Liability Company Mira-G in connection with the conclusion of a lease agreement with SIA Olympic Casino Latvia, an Estonian concern. Olympic Entertainment Group subsidiary and currently the largest gambling service provider in Latvia.

The legal services provided by BDO Law included work on the preparation of the lease agreement and related documents (acceptance deed of acceptance, etc.), participation in negotiations with the lessee's representatives and practical developments related to the takeover of the premises. The concluded lease agreement contains the current topicality - special provisions related to the epidemiological safety measures established by the state to limit the spread of Covid-19 infection.

“BDO Law is proud of our client’s resilience - a vital business trait for enduring the exhausting Covid-19 pandemic period in the hospitality industry. We assisted our client, the owner of GRAND HOTEL KEMPINSKI RIGA with securing a new lease with a casino, historically an integral accessory of every 5-star hotel. This new cooperation with Olympic Casino will benefit the business recovery coming out of the pandemic and provide new quality entertainment facilities for the hotel visitors,” says Inese Rendeniece, BDO Law, Senior Associate.

In the transaction the client was represented by BDO Law managing partner Vita Liberte and senior lawyer Inese Rendeniece.