OREANDA-NEWS. May 20, 2009. Riga office recently advised Deutsche Bank London Branch on Latvian restructuring and insolvency law issues in relation to facilities granted earlier to the Nexis Fibers group, which has a subsidiary in Latvia, reported the press-centre of Sorainen.

Nexis Fibers is a producer of industrial fibers, which also has operations in Switzerland, Germany, Poland, and Slovakia. In 2007 and 2008 Sorainen already advised Deutsche Bank London Branch in providing a loan facility to Nexis Fibers and establishing a security package in Latvia.

The transaction was led by partner Girts Ruda and senior associate Rudolfs Engelis.