Inese Hazenfusa

Inese Hazenfusa

Partner, Head of Banking & Finance
Riga, Latvia

Sources recommend Inese Hazenfusa as "a genuine business lawyer" who "helps with the most complicated problems with amazing ease". She is recognized as "utterly competent" and "absolutely at ease with the securing and licensing of IP rights". Inese is a certified global sanctions specialist.

  • About

    The main areas of practice for Inese are Mergers & Acquisitions, Banking & Finance, Intellectual Property, Project Finance, Corporate Law. Inese Hazenfusa has over 18 years of experience in provision of legal services and she has been the team leader for most of the firm’s banking and finance transactions and is listed as a leading banking and finance expert by all best known international legal directories, like IFLR and Chambers Europe.  

  • Major Projects
    • 14.02.2023

      The largest environmental and waste management group in the Baltics, Eco Baltia, is entering the bond market: TGS Baltic advised the client on its inaugural 3-year bond issue

      Baltic team of Vidmantas Drizga, Dalia Augaitė, Inese Hazenfusa, and Mārtiņš Galzons advised Eco Baltia (managed by private capital fund INVL Baltic Sea Growth Fund) on entering the bond market. The client issued 8 million EUR of its inaugural 3-year bonds.

    • 26.10.2021

      TGS Baltic advised ALTUM Capital Fund on a EUR 10 million loan to hygiene product manufacturer iCotton.

      TGS Baltic advised ALTUM Capital Fund on a loan of EUR 10 million to the eco-friendly hygiene product company iCotton, which employs 800 people at the group's plants in Latvia and Poland and had a turnover of EUR 80 million last year.

    • 28.07.2021

      TGS Baltic advised Evernord on EUR 3,5 million private placement of bonds issued by a subsidiary of Novira Capital Group

      TGS Baltic advised Evernord in executing a private placement of EUR 3.5 million bonds of NC K2C SIA, a subsidiary of the Estonian real estate developer Novira Capital.

    • 17.02.2021

      TGS Baltic assisted Overkill Ventures with its investments into and exit from US company AXDRAFT

      TGS Baltic assisted limited partnership Overkill Ventures Fund I AIF managed by SIA Overkill Ventures AIFP with its investments into and exit from US company AXDRAFT Inc. / Latvian company AXDRAFT SIA.

    • 10.03.2020

      TGS Baltic assisted Rabobank in relation to a financing transaction in Latvia

      TGS Baltic advised Coöperatieve Rabobank U.A. in relation to a financing transaction and creation of appropriate security in Latvia.  The financing was provided to a Latvian company engaged in fishing -  SIA Batterfiša with Dutch origin, for the purposes of refinancing existing liabilities and working capital needs.

    • 02.03.2020

      TGS Baltic assisted CVI on preparation and negotiation of a secured mezzanine bonds transaction

      TGS Baltic assisted CVI Dom Maklerski sp. z o.o. (CVI ) in arranging financing to SIA Riga Retail Park for the purposes of co-financing acquisition of real property as well as construction and development of the Saga Lifestyle and Shopping Centre in Stopini, a suburb of Riga, Latvia, by the Baltic real estate developer, VPH UAB.

    • 21.01.2020

      TGS Baltic continues providing a full scope of legal assistance to Overkill Ventures startup portfolio

      TGS Baltic continues providing a full scope of assistance to startup founders. At the beginning of a new batch, workshops on Latvian legislation are held, providing the teams with guidelines on starting up their business.

    • 29.08.2019

      TGS Baltic assisted Bergs Timber AB on a refinancing transaction

      TGS Baltic advised Bergs Timber AB group companies in Latvia – Vika Wood and Byko-Lat on Latvian law matters in relation to the group refinancing transaction with Danske Bank and Svensk Exportkredit of the senior term and revolving facilities with the total value of SEK 622,000,000 and EUR 12,000,000, where the Latvian companies acted as guarantors.

    • 17.04.2019

      TGS Baltic assisted with commencement of opening of the first Zara Home shop in Latvia

      TGS Baltic assisted Apranga APB with establishing of its subsidiary Apranga HLV SIA, which will operate Zara Home stores in Latvia. The first Zara Home store opening in Latvia is expected in the second half of 2019 in the shopping park Alfa in Riga.

    • 08.01.2019

      TGS Baltic assisted Expobank CZ a.s. with financing the acquisition of the Radisson Blu Daugava Hotel by Astor Group (Latvia) from PBR Hotel (USA)

      TGS Baltic assisted Expobank CZ a.s. with financing the acquisition of the shares of SIA POLAR BEK DAUGAVA (now merged into SIA LAMPL which is owned by two private individuals through SIA RHG RIGA), the owner of the Radisson Blu Daugava Hotel.

  • CV

    Professional career

    Since 2012
    Partner, law firm TGS Baltic
    Since 2009
    Senior Associate, law firm TGS Baltic
    2005 – 2009
    Senior Associate, law firm Loze, Grunte & Cers
    2003 – 2005
    Associate, law firm Grunte & Cers
    1999 – 2003
    Legal Assistant, law firm Grunte & Cers


    Central European University, Department of Law, Master of Law (in Comparative Constitutional Law)
    University of Latvia, Department of Law, Bachelor of Law


    Council of Bars and Law Societies of Europe (Information officer)
    Latvian Bar Association
  • Publications
    • Baltic Topics on Financial Services
    • The Problem with the Current Application of Sanctions
    • Inese Hazenfusa comments on the Regulatory Sandbox for Fintech Companies - Dienas Bizness, 2017
    • Banking and Finance Law Newsletter - June-October 2015, Legislative Updates-Latvia
    • Newsletter on Liability of management board for delayed tax payments - December 2014
    • Baltic B&F Newsletter: Euro in Latvia, responsible lending, credit unions and more - June 2013
    • Forest Industry Manual - Dienas Bizness, 2009-2014
    • B&F newsletter - November 2012
    • B&F newsletter - June 2012
    • B&F newsletter - June 2011
    • Manual of Contracts - Dienas Bizness, 2008-2009
    • Basic questions in relation to UN Convention on International Sales of Goods - Latvijas Vestnesis, 2004