Investor-State Arbitration 2025

LATVIA Law and Practice Contributed by: Agita Sprūde, Artūrs Kazāks and Valts Nerets, Sorainen

Sorainen has a dedicated team of over 20 arbitration specialists – including five partners and 15 qualified lawyers – who advise global clients. The team com- prises lawyers from Tallinn, Riga and Vilnius, working seamlessly with leading international law firms. So- rainen handles high-stakes commercial and inves- tor–state disputes, including landmark and sports arbitration cases. Notable representations in ISDS include representing Windoor AS against the Repub- lic of Kazakhstan, representing AS Tallinna Vesi and

United Utilities (Tallinn) B.V. against the Republic of Estonia, and representing UAB E energija against the Republic of Latvia, among others. Sorainen’s special- ists frequently sit as arbitrators for local, regional and international arbitration institutions (ICSID, ICC, SCC, DIAC and more), appear as experts (legal, tax, etc) in multi-jurisdictional arbitration proceedings and are represented in the EU Trade Agreements Arbitrator Pool. Sorainen is recognised for its depth, versatility and consistent excellence.

Authors

Agita Sprūde is an attorney and counsel at Sorainen specialising in dispute resolution, specifically international arbitration and white- collar crime investigations. She has represented one of the largest

Valts Nerets is a co-head of Sorainen’s Latvian Dispute Resolution and Risk Management practice. He specialises in cross-border and investment-related issues and disputes, such as structuring

European insurance groups in achieving a successful international commercial arbitration (SCC) result. She has acted as counsel in other local and international commercial arbitrations. She was also part of the legal team representing Lithuanian investor E-Energija against Latvia before ICSID.

investments, negotiating with governments, and representing clients in courts and arbitration courts. As counsel for E Energija, Mr Nerets helped the client investor win a favourable award against the Republic of Latvia in its first investment arbitration case at ICSID. Mr Nerets is an arbitrator at the Latvian Chamber of Commerce and Industry Court of Arbitration.

Artūrs Kazāks is an associate in Sorainen’s Dispute Resolution and Risk Management practice group, specialising in cross-border disputes, international and domestic arbitration and litigation, international investment

disputes, recognition and enforcement of foreign court judgments and arbitral awards, and trade law matters. Over the years, Mr Kazāks has advised and represented clients in arbitration disputes often involving high-value claims and complex legal issues across various fields.

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