Private Wealth Law
High Net Worth Guide 2024 : Latvia
Band 1
About
Provided by Sorainen
Main Areas of Practice:
- Family and family offices: wealth structuring, family governance, family constitution, private equity and family investments, pre-nuptial and nuptial agreements, divorce, wills and succession planning
- Tax: domestic and international tax aspects and structuring
- Executive employment & immigration: agreements, residence and work permits, citizenship
- Real estate: commercial, residential and non-profit transactions in cross-border situations
- Art: copyright and ownership issues, buying and selling art, helping cultural institutions, charitable giving and insurance issues
- Inheritance issues: will and estate disputes
- Insurance: life and health insurance
- Philanthropy: creation of charities, grant agreements between charities and philanthropists
Chambers Review
Sorainen is a major force in private wealth law across the Baltic region, including in Latvia. The firm offers advice to wealthy individuals, including entrepreneurs and executives, and its work involves tax matters, family offices and investment activities, and philanthropic plans.
Strengths
Provided by Chambers
"Sorainen has strong and competent people working there, so you can be sure that they will find the best solution either as individuals or as a collective."
"The client service is excellent. They are friendly and always on time. It's quite good to do business with them."
"We worked with Sorainen because they are one of the most well-known law firms in Latvia, especially for tax services."
"Sorainen has strong and competent people working there, so you can be sure that they will find the best solution either as individuals or as a collective."
"The client service is excellent. They are friendly and always on time. It's quite good to do business with them."
"We worked with Sorainen because they are one of the most well-known law firms in Latvia, especially for tax services."
Notable Practitioners
Jānis Taukačs is well known in Latvia for his tax expertise. He handles private wealth matters as part of a broader tax practice that also includes advising corporate clients.
"Jānis is a well-known tax adviser."
"He is very knowledgeable and looks at problems from a different perspective to give a good overview of what may be considered risky and how to do things better."
"Jānis is involved in speaking publicly in Latvia on taxation issues. He has spoken on legislative initiatives to benefit the industry."