CREDITREFORM LATVIJA completes its reorganisation

CREDITREFORM LATVIJA SIA has completed its multi-stage reorganisation by transferring its credit information operations to Crefo Rating SIA (now CREDITREFORM Rating SIA). Additionally, its sister company B2Kapital SIA has been merged into CREDITREFORM LATVIJA SIA.

Therefore, the debt recovery and loan portfolio acquisition business were fully transferred to B2 Impact ASA group, allowing CREDITREFORM Rating to prioritize the development of its credit information services for retail and corporate markets.

COBALT has provided CREDITREFORM LATVIJA with full legal support during the reorganisation process, covering corporate governance, employment, tax and other legal aspects.

COBALT team was led by Senior Associate Marija Berdova, and included Partners Toms Šulmanis and Sandija Novicka, and Senior Associate Ivo Maskalāns.