Toms Šulmanis

Partner / Latvia

Contacts

About

Toms Šulmanis heads the Employment & Immigration practice group in COBALT Latvia. Toms has 20 years of experience in the fields of M&A, Corporate/Commercial, Real Estate and Employment, including representation of clients in acquisition and sale of trade centers, commercial and residential developments, advice on all aspects of construction process, drafting and negotiating of commercial leases. Toms has also represented clients in complex corporate and employment matters, like restructuring of operations, redundancies, dealing with trade unions.

Practice

Recognition

Employment – Band 1, Chambers Europe 2024
Employment – Next generation partner, The Legal 500 2024
Corporate/Commercial – Band 3, Chambers Global and Europe 2024
M&A – Highly regarded, IFLR1000 2024

Languages

Latvian, English, Russian

Membership & education

Latvian Bar Association (since 2007)
LL.M., University of Latvia, Faculty of Law (2005)
LL.B., University of Latvia, Faculty of Law (2003)

Experience

Decathlon to open a new store at Spice Home

E.R.B. Rail JV signs contract for the construction of Rail Baltica mainline in Latvia

Employer wins court proceedings in an alleged discrimination case

Astor Group receives EUR 25 million loan to develop its hotel property business in Riga

Advertising experience platform Monetizr raises EUR 3.6 million

COBALT is an exclusive Latvian partner of Fragomen LLP

VPH Latvia develops a new retail and service complex in Riga

COBALT assisted on USD 30 million investment in robotic services provider Aerones

COBALT secures positive decision for Food Union in unfair dismissal case

COBALT advised IBM on reorganization for separation of Kyndryl regarding Baltic jurisdictions

German retailer Lidl opens 15 stores in Latvia

COBALT advised Swedbank on evaluating structural changes at the Baltic level

COBALT advised Dithmarschen Baltic GmbH in acquisition of two agribusiness companies

Legal assistance to an owner of fuel retail network in Latvia regarding environmental liability issues

COBALT advised SEB life insurance undertakings on cross-border merger in the Baltics

COBALT advised Workday, Inc. on the acquisition of Scout RFP

COBALT advised Roche Latvia on reconstruction of Roche historic headquarters in Riga

AKROPOLE multifunctional shopping and entertainment center commissioned

COBALT advised Corum Origin in the acquisition of ELKO Group headquarters office

COBALT advised Astor Group in the acquisition of Radisson Blu Daugava hotel

COBALT advises BaltCap Infrastructure Fund in acquisition of biomass CHP in the Riga region

COBALT advised the sale of A-Katsastus Group’s business operations

COBALT advises AVS Verkehrssicherung GmbH on the Acquisition of KMK Projekts

COBALT advised HUGO BOSS on expanding its business operations in Latvia and Estonia

COBALT advised DNB on the creation of Luminor – largest ever transaction in the Baltic banking market

COBALT secures annulment of prohibition to dismiss a trade union member

COBALT advises AS Storent Investments on the acquisition of Cramo operations in Latvia and Kaliningrad

COBALT advises AFI Europe Latvia on large-scale residential development project in Riga

COBALT provides general legal assistance to Snap Inc.

COBALT advised Gjensidige on the completion of the merger of Baltic companies

COBALT advises DNB upon combining its operations with Nordea in the Baltics

COBALT advises AMIC Energy Management GmbH in the acquisition in the Latvian entity of SIA LUKoil Baltija R

COBALT secures positive decision in unfair dismissal case

COBALT advised AKROPOLIS GROUP in development of trade centre in Latvia

COBALT advises Mid Europa Partners on its sale of Bite

COBALT advised Talfin Amsterdam Holding B.V. in the sale of office building

COBALT advises BaltCap in acquiring Baltic operations of financial automation company OpusCapita

COBALT advises ELKO Group in acquisition of DL Distributors OÜ

COBALT achieves positive decision in unfair dismissal case

COBALT advises SIA Acme Corporation in sale of its subsidiaries to Hili Properties B.V.

COBALT advises Solvina in SIA Storent Holding share sale transaction

COBALT in cooperation with Linklaters advises Latvian Privatization Agency in the sale of Citadele Bank to international investors

COBALT advises Polyplastic Group in acquisition of a polymer pipe production company SIA Evopipes

BaltCap invests in the largest privately-owned postal operator in Latvia – Post Service Group

Bite group companies refinance

Advising Amserv Group in the acquisition of Adam Auto SIA

Publications

Latvian electronic identification cards now available for foreigners

COVID-19 in Latvia: How and where to work – Ius Laboris Guide for International Employers

COVID-19 in Latvia: Mandatory electronic registration for all persons entering Latvia

COVID-19 in Latvia: Ius Laboris Back to Work Guide for International Employers

Crisis solutions for HR management

COVID-19 in Latvia: Law on measures for the management of national emergency and its consequences, state financial aid

COVID-19 in the Baltics and Belarus: FAQs by employers

COVID-19 in Latvia: Procedure for payment of idle time compensations

CEELM COVID-19 Comparative Legal Guide: Contracts in Latvia

Baltic Employment Law News – May 2019

What preparations are being made for Brexit in terms of immigration rules in Latvia

Baltic Employment Law News – November 2018

Guide to employee share options in the Baltic states – August 2018

The Littler Mendelson Guide to International Employment and Labor Law, Fifth Edition

Baltic Employment Law News – November 2017

Baltic Employment Law News – March 2017

Comparative Investment Guide to the Baltics – July 2016

Amendments to the Labour Law – June 2016

Ius Laboris. Introduction to economic and organisational dismissals. Latvia Chapter.

Boardroom in today’s dynamic business environment

New legal framework in relation to construction rights and divided property – April 2015

Invalidation of employee’s termination notice

Amendments to the Labour Law – December 2014

New regulatory framework for construction – December 2014

Corporate Law News – July 2014

To purchase business or company…What’s better?

Corporate Law News – December 2013

IBA Corporate and M&A Law Committee: Treasury Shares Guide 2012. Latvia chapter

We are driven by your recognition

“He has experience in complex deals and solutions in various litigations and negotiations concerning employment. He is always fast to respond and provides excellent management skills for the resolution of the problems.”

Legal 500 2024, Employment

“Toms Šulmanis provides super effective support, and is always down to earth and realistic.”

Chambers Europe 2024, Employment

"Toms Šulmanis is a well-recognized name, assisting with a variety of employment matters. He advises on transfers in company reorganizations as well as representing clients in disputes. He also advises on compliance involving immigration and handles employment contracts."

Chambers Europe 2022, Employment

"Toms Šulmanis is praised by clients for his ‘communication skills and speed.’ He is highly experienced in handling employment terminations, immigration and transfer of undertakings."

Chambers Europe 2019, Employment

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