Notification regarding the registration of “Zvērinātu advokātu birojs BDO Law” SIA

15 October 2021

We would like to inform that due to the amendments of February 18, 2021 to the Advocacy Law of the Republic of Latvia, which enter into force on March 16, 2021, the sworn advocate's office Zvērinātu advokātu birojs “BDO Law”, registration No. 90002395493, (hereinafter - “ZAB”) has changed its form of activity and its rights and obligations have been taken over by “Zvērinātu advokātu birojs BDO Law” SIA, registration no. 40203347278 (hereinafter - “BDO Law”). More specifically, inter alia, Article 116 of the Advocacy Law of the Republic of Latvia has been reworded, where the third paragraph of the Article provides that the sworn advocate's office shall be formed as a partnership or limited liability company and registered in the Commercial Register.

Pursuant to Point 13 of the Transitional Provisions of Advocacy Law of the Republic of Latvia, a sworn advocate's office registered in the Commercial Register is the successor of the rights and obligations of the sworn advocate's office established before the date of entry into force of amendments to Article116 of this Law. The transfer of assets and liabilities to a sworn advocate's office registered in the Commercial Register shall not be considered as alienation of assets and liabilities. In view of the above, BDO Law is the successor to ZAB. Thus, according to the registration documents of the sworn advocate's office, BDO Law is the successor of the rights and obligations of the ZAB previously registered in the register of sworn advocate's offices maintained by the Latvian Council of Sworn Advocates, which is also confirmed by a statement signed by a previous member of the sworn advocate's office regarding the transfer of rights and obligations to a sworn advocate's office newly registered, which is in the records of the Latvian Council of Sworn Advocates.

Given that there is a legal relationship between ZAB and the client company, the fulfillment of further obligations on the client's part is in favor of BDO Law, as well as BDO Law continues to fulfill its obligations to the client.

Taking into account that with the entry of BDO Law in the Commercial Register it was assigned a new value-added taxpayer registration number, therefore please take that into account and use the following BDO Law details in the framework of mutual settlements and fulfillment of obligations:

“Zvērinātu advokātu birojs BDO Law” SIA
Registration No. 40203347278
Legal address: Kalku street 15 - 3B, Riga, LV-1050
Value added Taxpayer registration No. LV40203347278
AS “Citadele banka”, SWIFT code: PARXLV22
Current account No. LV89PARX0027172330001