Ellex joins a trusted legal force in the Three Seas region
A group of top-ranked law firms with over 750 experienced lawyers have decided to offer legal services in every business sector, from the Baltics to the Adriatic and Black Sea shores.
Mainly due to historical events, the 12 European Union countries located on or between the Adriatic, Baltic, and Black seas (also known as the Three Seas countries) remain surrounded by the emerging countries on the east and developed countries on the west, thereby becoming an attractive region for investments. Thus, established in 2015, the Three Seas Initiative (3SI) has emerged as an international economic and political initiative with the primary objective of compensating for infrastructural and economic imbalances in the common European market and strengthening links in Central and Eastern Europe along its north-south axis.
The ambitious projects developed under the auspices of the 3SI will demand coordinated, high-quality legal assistance throughout the region. This is one of the primary reasons law firms have recently created Three Seas Legal Alliance, a group of ten leading independent law firms from the Three Seas countries.
The law firms that have formed the Three Seas Legal Alliance (TSLA) are DORDA (Austria), BOYANOV & Co. (Bulgaria), Divjak Topić Bahtijarevic & Krka (Croatia), Kocián Šolc Balaštík (Czech Republic), Ellex Raidla (Estonia), Lakatos, Köves and Partners (Hungary), Ellex Klavins (Latvia), Ellex Valiunas (Lithuania), Wardyński and Partners (Poland), Nestor Nestor Diculescu Kingston Petersen (Romania), Barger Prekop (Slovakia) and Šelih & Partnerji (Slovenia).
The TSLA member firms are all recognized internationally and experienced in cross-border cooperation and have participated together in many projects, including in essential areas of transport, energy, and digitalization. The firms will work together with three principal objectives:
- Supporting the development of the Three Seas Initiative in each member country. There will be a focus on ensuring that both the Initiative and the member governments, institutions, and investors fully appreciate the need for top-quality legal advice when considering investments pursuant to the Initiative.
- Raising awareness amongst the client community of the Three Seas Initiative and, as projects emerge, the legal environment surrounding and legal support available for investments pursuant to the Three Seas Initiative.
- Ensuring clients have access to the best legal advice if they consider investments in any member country that may form part of the Three Seas Initiative.
The Three Seas Legal Alliance member firms look forward to working with investors, governments, and institutions involved in the Three Seas Initiative.
Find out more at https://threeseaslegal.com/.