Valters Diure

Associate Partner

Co-Head of Finance & tax practice

Latvia

+371 673 50541

Valters Diure is an associate partner and Co-Head of Finance & tax practice who specialises in banking and finance, insolvency, and financial services regulatory issues. He has assisted in the introduction of various banking products into the Latvian market, consulted credit institutions on regulatory requirements, and drafted research papers on financial instruments market issues. Amongst other recent works, Valters handled the sales of Danske Bank’s customer portfolios, advising Blackstone on the acquisition of the billion-euro stake in Luminor and was the liquidator of former GE Money Bank from 2014 until liquidation in December 2016. Valters regularly advises international financial institutions about cross border structured finance transactions and assists many owners and investors in the acquisition, financing and lease transactions of aircraft for the national carrier.

Before joining Ellex in Latvia, he had experience within the finance and banking sector in Latvia, which has contributed to his legal expertise via a practical understanding of industry specifics.

Very responsive and proactive team. They also know the market very well, which helps a lot during transactions.

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2008

Turība University

Master of Laws (LL.M.)

2005

Turība University

Professional law degree (dipl.iur.)

2000

University of Latvia

Master's degree in Economic Sciences (M.Sc)

1996

University of Latvia

Bachelor's degree in Economic Sciences (B.Sc.)

Latvian Bar Association

Member

International Bar Association (IBA)

Member

2020

COVID-19 – Opportunities. CEE finance and capital markets 2020–2021
Freshfields Bruckhaus Deringer, November 2020

The CEE banking and finance practice at Freshfields Bruckhaus Deringer – jointly with leading firms in the Central and Eastern Europe (CEE) region as part of their StrongerTogether network – presents an annual update highlighting market trends and legal developments in the banking, finance and capital markets sectors in CEE. This year’s publication focuses on opportunities in the CEE region as a result and in the aftermath of COVID-19.

Ellex is the author of the Latvia and Lithuania chapter of the guide. The co-authors of the Latvia chapter are Associate Partner Valters Diure and Senior Associate Marta Cera. The Lithuania chapter has been prepared by Senior Associate Neringa Mickevičiūtė.

2020

AML country guide for Latvia
Thomson Reuters, April 2020

This article provides an overview regarding Anti-money laundering (AML) legal framework in Latvia prepared by associate partners Valters Diure and Andris Lazdiņš.

2019

CMS Guide to Passporting - Rules on Marketing Undertakings for Collective Investment in Transferable Securities in Europe
CMS, November 2019

The purpose of this guide is to provide a broad overview of the key elements of passporting regulations applicable to EEA UCITS Schemes in the countries covered in this guide.
Ellex experts in Latvia Valters Diure and Anna Mišņeva contributed to the updates of the Latvia chapter of the CMS guide.

2019

CMS Guide to Passporting - Rules on Marketing Alternative Investment Funds in Europe
CMS, November 2019

The purpose of this guide is to provide a broad overview of the key elements of passporting regulations applicable to EEA AIFs in the countries covered in this guide.
Ellex experts in Latvia Valters Diure and Anna Mišņeva contributed to the updates of the Latvia chapter of the CMS guide.

2019

CMS Brief Guide to Private Placement of Funds
CMS, November 2019

The Guide briefly summarises the latest developments in relation to the private placement regimes of EU States, as well as covering certain non-EU States.
Ellex experts in Latvia Valters Diure and Anna Mišņeva contributed to the updates of the Latvia chapter of the CMS guide.

2019

Latvian Officials Freeze More Than €30 Million from Clients of US-Targeted Bank
ACAMS MoneyLaundering.com, May 2019

Associate partner Valters Diure provides commentary about the situation in Latvia.

2019

Doing Business 2019: Training for Reform
World Bank Group, January 2019

Ellex team in Latvia has had a long-lasting cooperation with The World Bank contributing to the report “Doing Business” annually.

Doing Business 2019 is the 16th in a series of annual reports investigating the regulations that enhance business activity and those that constrain it. The report provides quantitative indicators covering 11 areas of the business environment in 190 economies. Ellex experts in Latvia Daiga Zivtiņa, Irina Kostina, Anete Dimitrovska, Andris Lazdiņš and Valters Diure are contributors of the Latvia chapter of the report.

The goal of the Doing Business series is to provide objective data for use by governments in designing sound business regulatory policies and to encourage research on the important dimensions of the regulatory environment for firms.

2018

World Aircraft Repossession Index
World Aircraft Repossession Index, third edition

The third edition prepared by Pillsbury Winthrop Shaw Pittman LLP has been expanded to include 102 jurisdictions and several thought-provoking articles written by members of its team.

Valters Diure is the co-author of the Latvia chapter of the publication.

2018

CMS Guide to Passporting - Rules on Marketing Alternative Investment Funds in Europe
CMS, May 2018

The aim of the guide is to provide a broad overview of the key elements of passporting regulations applicable to EEA AIFs in the countries covered in it.

Valters Diure is the co-author of the Latvia chapter of the publication.

2018

CMS Brief Guide to Private Placement of Funds
CMS, May 2018

The Guide briefly summarises the latest developments in relation to the private placement regimes of EU States, as well as covering certain non-EU States.

Valters Diure is the co-author of the Latvia chapter of the publication.

2018

CMS Guide to Passporting - Rules on Marketing Alternative Investment Funds in Europe
CMS, January 2018

This guide provides a road map, which will hopefully assist managers in understanding the costs and other requirements under AIFMD, other EU directives and domestic regulations.

Valters Diure is the co-author of the Latvia chapter of the publication.

2018

CMS Brief Guide to Private Placement of Funds
CMS, January 2018

The Guide briefly summarises the latest developments in relation to the private placement regimes of EU States, as well as covering certain non-EU States.

Valters Diure is the co-author of the Latvia chapter of the publication.

2017

The “Latvia – Money Laundering Guide”
Thomson Reuters, January 2018

The Anti Money Laundering Guide provides the latest available information and guidance on how money laundering is handled and penalised in key financial jurisdictions around the world.

Ellex expert in Latvia Valters Diure is the author of the Latvia chapter of the guide.

2015

World Bank Group project “Doing Business” - Insolvency

Participating in World Bank Group project “Doing Business” with expertise in the fields of Insolvency.

Doing Business report, one of the most cited publications of the World Bank Group, is an annual report which measures business regulation in 189 economies. It has received positive feedback from investors and governments around the world who are using the Doing Business reports as an input for business and policy debate about regulatory reform.