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GC Diversity & Inclusion Report 2016
- Shaping the future of the Bar Roundtable
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- GC Diversity and Inclusion Report
- Investing in Indonesia: the role of the in-house lawyer in growing markets
- The Legal Business 100 Debate
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- Alternative disputes: the role of arbitration in Turkey
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Legal market overview
EU membership and connection to CIS countries continue to impact Latvia’s economy, particularly in the real estate sector. Domestic investors, as well as those from Nordic and CIS countries, especially Russia, bolstered Latvia’s property market in 2014. Since then, there have been fears Russia’s appetite for Latvian high-end properties will falter, in light of Russia’s shrinking economy, political tensions over Ukraine and Latvia’s decision to increase the cost of residency rights from €150,000 to €250,000. The consumer goods and important food production markets also suffered from Russian sanctions, with milk prices falling sharply.
In January 2015, arbitration amendments were enforced following 2014’s introduction of a three-tier court structure. The Register of Enterprises will now handle court registration to reduce Latvia’s high number of arbitration courts. Abolishing the Supreme Court’s Criminal Case Chamber also helped move towards a more trusted system.
Personal income tax was reduced to 23% in 2015, and in January 2016 further tax amendments were introduced with the enforcement of the Micro-enterprise Tax Law, which will affect social contributions made by employers and employees. Other significant changes included the adoption of a new industrial property law.
Borenius’ merger with Cobalt became official in January 2016, seeing Indrikis Liepa, Gatis Flinters and new managing partner Lauris Liepa join the latter firm. This came not long after the separation of Lawin and Raidla Lejins & Norcous, in which Raidla’s Latvian and Lithuanian teams joined Lawin’s Estonian office to form Cobalt.
New firms include Skopina & Azanda, Law Office Spridzans and KPMG Law Firm. Redot, Attorneys at Law now operates under its new name Primus, Attorneys at Law.
Legal Business: country analysis
Breaking new ground – advisers hope shale revolution can restart CEE market
Weighed down by political unrest and slowing economies, energy and infra projects look like one area to be driving
the CEE economy. Can the shale revolution power up
Click here to read the feature.
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Inside this issue: Latest case law in labour matters Protection of proprietary in-terests of a company at the European Court of human rights — why not? Assessing the transfer of an undertaking NEWS – ANNOUNCEMENTS – EVENTS
The amendments made - Significant amendments to the Commercial Law regarding reorganization of companies, convening of shareholders’ meetings, as well as declaring the beneficial owners came into effect on 1 and 13 July 2011.
Legal News at Your Glance - European Union: Treaty of Lisbon signed -- Estonia: Changes in Income Tax Act -- Latvia: Latvian Supreme Court upholds restrictive doctrine of foreign state immunity -- Lithuania: Amendments in the business accounting standards
A practical insight to cross-border Corporate Tax work
This article covers two topics (1) Estonian employment contracts and their termination (2) Amendments in Law “On State Social Insurance”
Latvia: 2007 year in review.
The new Insolvency Law has come in to force as of 1st January 2008
Read entire article by clicking here...
AF Group ASA, listed at the Oslo Stock Exchange (OSE-AFG), a leading international civil engineering and construction group headquartered in Oslo, has acquired the renowned Swiss engineering and construction planning company Edy Toscano AG with 370 employees. Together with AF Consult Switzerland AG, AF Group will be among the three largest Swiss engineering and construction planning companies with a combined turnover in Switzerland exceeding CHF 100 million.
VEGAS LEX has organized a roundtable on the main trends of taxation in Russia in 2016-2017*.
It is no longer a rarity for companies to want to hold their boards of directors and supervisory boards liable. It is often the case that claims are asserted arising from D&O insurance.
Organised by Intellectual Property Office of the United Kingdom and Anand and Anand, the conference on “Brand Management: Valuation and Protection” builds on joint UK-India efforts to facilitate ease of business and protect intellectual property.
In its ruling of September 21, 2016, the Court of Justice of the European Union confirmed that cosmetics which were produced with the help of animal testing are subject to a widespread sales ban within the EU (Az.: C-592/14).
Choosing the right corporate form can contribute significantly to the success of a business. GRP Rainer Rechtsanwälte has the requisite experience in setting up companies.
We are pleased to announce that our employees Ayesha Curmally, Michael Isler, Robert von Rosen and Stefan Knobloch, who have been with us for many years, have now been appointed as partners in our chancellery, effective from 1st January 2017.
We are pleased to announce that a new partner, Roger Staub, as well as new consultants, Thiemo Sturny and David Vasella, will be joining our chancellery as of 1st January 2017.
Fairfax Financial Holdings Limited (Fairfax) (TSX:FFH) (TSX:FFH.U) and Allied World Assurance Company Holdings, AG (Allied World) (NYSE:AWH) have entered into a merger agreement (the Agreement), pursuant to which Fairfax will acquire all of the outstanding registered ordinary shares of Allied World. Under the terms of the Agreement, Allied World shareholders would receive a combination of Fairfax subordinate voting shares and cash equal to USD 54.00 per Allied World Share, for a total equity value of approximately USD 4.9bn.
Interest rates for building loans were considerably higher between 2010 and 2013 than they are today. Consequently, it may well be worthwhile withdrawing from real estate loans that were taken out after June 10, 2010.