Dace Silava-Tomsone

Managing Partner / Latvia

Contacts

About

Dace Silava–Tomsone is the Managing Partner of COBALT Latvia and one of the best known and widely recognized Real Estate and Construction, M&A and Competition experts in the country. During more than 20 years of practice she has advised many governmental institutions, local and international companies on major real estate and investment projects, transactions, as well as in intricate cartel, dominance and merger control cases.

Dace is regularly involved in work of professional organizations and legislative development acting as a member of working groups of various NGOs.

Dace is appointed a Co-Chair of the Project Execution Subcommittee of the International Construction Projects Committee of the IBA for the period of 2024-2025.

Practice

Recognition

Real Estate – Band 1, Chambers Europe 2024
Real Estate and Construction – Leading individual, The Legal 500 2024
EU and competition – Leading individual, The Legal 500 2024
Corporate/Commercial – Band 1, Chambers Global and Europe 2024
Commercial, Corporate and M&A – The Legal 500 Hall of Fame 2024
Real estate and construction – Market leader, IFLR 1000 2023
Construction and materials – Market leader, IFLR 1000 2023
Included in the prestigious IFLR 1000 Women Leaders Guide 2023
Competition/Antitrust – Band 1, Chambers Europe 2022

Languages

Latvian, English, Russian

Membership & education

Co-Chair, Project Execution Subcommittee, International Construction Projects Committee, IBA (2024-25)
International Bar Association (since 2003)
Latvian Bar Association (since 1994)
Registered Industrial Design Agent with the Patent Office of the Republic of Latvia (since 1997)
Executive Education – Professional Board Member, Baltic Institute of Corporate Governance (2012)
LL.M., University of Latvia, Faculty of Law (1998)
LL.M., College of William and Mary Marshall-Wythe School of Law, Williamsburg, VA, USA (1996)
LL.B., University of Latvia, Faculty of Law (1994)

Experience

airBaltic launches the construction of the Baltic Cargo Hub

Capital Mill sells industrial property in Riga to Proks Capital

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

Linstow Baltic sells major land plot to Rimi Latvia

Italferr signs the contract for supervision of Rail Baltica mainline construction in Latvia

Representation of AS Latvenergo in upgrade of Plavinas and Kegums HPP

Representation of Bensons Auto SIA in construction of a showroom

COBALT advises AS Latvenergo in thermo-power plant reconstruction

Representation of AS Latvenergo in reconstruction of Riga TPP-1

Representation of R.B.Management SIA in sale of a hotel development

COBALT advises Direct Capital, Prashkovsky Group on Latvian law matters

COBALT advises Leader Real Estate International Limited in acquiring developers of a residential complex

COBALT advises AS DnB Nord Banka on construction of the headquarters in Riga

COBALT advises Norwegian construction company BAU HOW

Legal advice on reconstruction of Riga TTP-2 second unit

COBALT respresents Samsung Electronics Baltics in investigation by the competition authority

COBALT advises banks in a cartel investigation

Advising the management of SEB Enskilda in the buyout of SEB Enskilda business in Estonia and Latvia to operate under the new brand name Superia

COBALT advised BaltCap on the investment in the chain of branded coffee shops Coffee Inn

The Competition Council closes its two-year long investigation into the activities of fuel retailers

COBALT advises Linas Agro Group in acquisition of shares in AS Putnu fabrika Ķekava, SIA Lielzeltini, SIA Broileks and SIA Cerova

COBALT represents Neste Latvija in merger clearance

COBALT represents Latvenergo AS in pricing practices investigation

COBALT represents AB Linas Agro in merger clearance

COBALT represents Neste Latvija in obtaining individual exemption

COBALT advises TV NET in acquistion of the portal Apollo.lv

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

COBALT advises Gjensidige Forsikring ASA in acquisition of PZU Lietuva

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

COBALT Advises TV NET in Acquisition of Recipe Portal Receptes.lv

COBALT advises ELKO Group in acquisition of DL Distributors OÜ

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

COBALT advised AKROPOLIS GROUP in development of trade centre in Latvia

Legal advice to AS Latvenergo on hydro-power and thermo power plants projects

COBALT represents AB Linas Agro in acquisition of fertilizer trade business

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

Advice to AS Latvenergo on Riga Hydro-Power Station reconstruction project

COBALT advising Latvenergo on reconstruction of Pļaviņu and Ķeguma Hydro-Power Plants

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

COBALT advised on sale of MTG Baltic subsidiaries

COBALT represents Austrian investment fund in exit from the investment

COBALT advises AVS Verkehrssicherung GmbH on the Acquisition of KMK Projekts

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

COBALT represents Reitan Convenience AS in acquiring Caffeine

AKROPOLE multifunctional shopping and entertainment center commissioned

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

COBALT advised airBaltic Training on the construction project in Liepaja airport

COBALT advises Brivibas parks projekti in the acquisition of property for development

COBALT advised Workland on opening of Workland Telegraph center

COBALT represents I Asset Management on entering into Design & Build Agreement for hotel development

COBALT advises Decathlon on lease issues

COBALT advises airBaltic on EUR 250 million investment in the company’s share capital by the Latvian government

COBALT assists in sale of two real estates nearby Riga International Airport

COBALT advised EURION Fund managed by Corum Asset Management in the acquisition of a landmark property in Riga

COBALT advised Swietelsky AG in connection with the construction project of Rail Baltica station and related infrastructure at the Riga International Airport

COBALT advises Treeland OÜ in the acquisition of a majority stake in Lido AS

COBALT advised VPH Latvia on development of a new shopping centre in Riga

COBALT advised SEB on lease of new office premises for the Group’s business services centre in Riga

COBALT advised Linstow Baltic on lease of Origo One business centre office spaces

Hepsor sells multifunctional business complex StokOfiss U30

COBALT and Linklaters advised EIB and NIB on financing of the Kekava Bypass road project

COBALT advised ABB on sale of its office and warehouse buildings in Riga

I Asset Management to develop a private student housing in Riga

Kapitel to proceed with construction of Elemental Skanste office complex in Riga

German retailer Lidl opens 15 stores in Latvia

SEB banka in Latvia signs an agreement for new headquarters in downtown Riga

COBALT advised Viru Keemia Grupp on buying Stockmann department stores

COBALT advises Baltic Green Fund in the expansion of its sustainable forest portfolio

COBALT advised Hili Properties on the EUR 20 million acquisition of Riga shopping centre

COBALT advised Workland on lease of new green coworking centre space in Riga

COBALT advises VPH on development of a new shopping complex in the centre of Riga

COBALT advised Hepsor on acquisition of a commercial property in Riga

VPH Latvia develops a new retail and service complex in Riga

Publications

CEE Legal Matters: Know Your Lawyer

Transferring project design risk

COVID-19 in Latvia: Lease payments for the property of public persons and capital companies controlled by public persons

Colliers Annual Real Estate Market Overview 2020

CEE Legal Matters: Supreme Court of Latvia Sheds Light on Liability of Building Owners for Accidents on Premises

Global Counsel Handbooks. Competition Law 2004. Latvia Chapter.

Getting the Deal Through. Dominance 2005. Latvia Chapter.

International Execution Against Judgement Debtors 2005. Latvia Chapter.

Global Legal Group. The International Comparative Legal Guide to: Real Estate 2006. Latvia Chapter.

Global Legal Group. The International Comparative Legal Guide to: Securitisation 2006. Latvia chapter.

Cartels: what the market participants know and what they should know about it?

Getting the Deal Through. Dominance 2006. Latvia Chapter.

Getting the Deal Through. Cartel Regulation 2007. Latvia Chapter.

Getting the Deal Through. Dominance 2007. Latvia Chapter.

Global Legal Group. The International Comparative Legal Guide to: Real Estate 2007. Latvia Chapter.

Latvian Competition Council’s decision in the Projecta case increases uncertainty in the application of the Latvian merger control rules in cases involving foreign entities

Getting the Deal Through. Cartel Regulation 2008. Latvia Chapter.

Getting the Deal Through. Dominance 2008. Latvia Chapter.

Dominant position in retail – what to be expected from the new regulations?

We are not selling our business!

Getting the Deal Through. Cartel Regulation 2009. Latvia Chapter.

Mergers: When the Notification to Competition Council is Required?

Getting the Deal Through. Dominance 2009. Latvia Chapter.

Why there is no development of production in Latvia?

Amendments to Competition Law: Do Ends Justify Means?

Procurement and “Shadow Directors” in the State Companies

Getting the Deal Through. Cartel Regulation 2010. Latvia Chapter

Mergers and Acquisitions: Gun-Jumping Risks

TV3 & LNT: How to Clear Clearly

Competition Law News – April 2012

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

FICIL: Boards Play a Fundamental Role in Efficient Corporate Governance

The Littler Mendelson Guide to International Employment and Labor Law, 3rd edition, Volume III. Latvia chapter

Suppliers vs.Retailers: Fight Goes On

Know-how in the Court of Arbitration

Getting the Deal Through. Dominance 2013. Latvia Chapter

The European Lawyer Reference Series. Merger Control: Jurisdictional comparisons 2014. Latvia chapter

Competition Law in Central and Eastern Europe. Latvia chapter.

Competition in Latvia: Latvian Courts Rediscover the “Object and Effect” Distinction

Competition Law News – November 2014

Competition Council Penalizes Company Over Access to Workers’ E-mail in Inquiry

Competition Law News – April 2015

Baltic Competition Law News – July 2015

Legislation: Two Steps Forward – One Step Back

Baltic Competition Law News – May 2016

Baltic Competition Law News – November 2016

The Buzz in Latvia: Interview with Dace Silava-Tomsone

Baltic Competition Law News – December 2017

International Comparative Legal Guide. Merger Control 2019. Latvia Chapter

New Chapter in Latvian Construction Law?

COBALT Baltic Competition Law News – December 2019

FIDIC COVID-19 Guidelines

COVID-19 in Latvia: Changes in Regulation on Lease Payments for the Property of Public Persons and Capital Companies Controlled by Public Persons

Real Estate and Project Development News | May 2021, Latvia

The Bounce in Latvia’s Step: A Buzz Interview with Dace Silava-Tomsone of COBALT

Latvian Real Estate and Project Development News 2022

CEE Legal Matters: Commercial Real Estate in Latvia

We are driven by your recognition

“Dace Silava-Tomsone is very client and solution-oriented.”

Chambers Europe 2024, Real Estate

"Dace has a high reputation in the market for her real estate expertise. She advises on a wide variety of complex matters including property acquisitions, construction agreements, leases, and development projects. Dace works hard, and she is very detailed in her drafts."

Chambers Europe 2022, Real Estate

"Dace Silava–Tomsone is held in high regard by market commentators for her expertise in complex competition mandates and M&A transactions, including in relation to real estate assets. Sources note her significant experience and high visibility."

Chambers Global 2020, Corporate / Commercial

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