- Latin America
- United Kingdom - Solicitors
- United Kingdom - The Bar
- United States
- What is the GC Powerlist?
- How to nominate in-house counsel
- Australia/New Zealand
- Asia Pacific
- Latin America
- Middle East
- United Kingdom
- United Kingdom Teams
- United Kingdom - Rising Stars
- United States
- United States - Rising Stars
- United States Teams
- Client Intelligence Report
- Response to Brexit
- Bridging the Gulf
- Litigation and regulatory challenges in financial services
- AI and the law tools of tomorrow
- Scottish GCs
- North West clients
- Pan-Europe bribery crackdown
- Arbitration backing Africa's investment boom
- Gaining access to North Africa
- Anti-corruption in Asia
- Business thinking
- In-house management
- Career path
- Legal perspective
- Big picture
- In discussion
- Interrogating value
- GC interviews
- Our great leader: unravelling the process of choosing the right candidate for the top job
- The promised land? Big data and
the in-house lawyer
- Law: a risky business?
- Playing to your strengths: building diversity of thought into business
US Special Edition Downloadable PDF
- Dissenting perspectives
- Developments in Panama
- The international arbitration summit
- The Global 100 debate - Chasing Alpha
- Cyber security
- North Africa - through the gate
- North West Clients
- Scottish GCs
- The Global London debate
- Law firm leaders
- Cyber in-security
- Legal Business commercial litigation summit
- Funding disputes
- GC Powerlist roundtable - Germany
- GC roundtable - talent management
- GC Powerlist roundtable - Brazil
Share this page
- Legal market overview
- Banking, finance and capital markets
- Commercial, corporate and M&A
- Dispute resolution
- EU and competition
- IP, IT and telecoms
- Real estate and construction
- Shipping and transport
- Bosnia and Herzegovina
- British Virgin Islands
- Burkina Faso
- Cayman Islands
- Costa Rica
- Czech Republic
- Dominican Republic
- El Salvador
- Equatorial Guinea
- Hong Kong
- Isle of Man
- Ivory Coast
- Latin America: International firms
- Netherlands Antilles
- New Zealand
- Saudi Arabia
- South Africa
- South Korea
- Sri Lanka
- St Barts
- St Vincent
- United Kingdom
- United Arab Emirates
- United States
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.
CLIENT INTELLIGENCE SURVEY 2016
GC Powerlist -
INSIGHT: Hard graft
the pan-Europe bribery crackdown
As European agencies turn up the heat on bribery and corruption, we team up with Simmons & Simmons to assess how clients are responding.
Search News and Articles
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...
Health claims pertaining to foods have to satisfy strict requirements if they are to avoid infringing competition law. That was the verdict of the Landgericht Rostock (Regional Court of Rostock) in a recent ruling.
Companies promoting their products need to ensure that consumers have a realistic opportunity to purchase them. That was the verdict of the OLG Koblenz (Higher Regional Court of Koblenz) in a recent ruling.
INKEF Capital, an Amsterdam-based venture capital firm that focuses on long-term collaboration and active support of innovative technology companies, and KPN Ventures, the venturing arm of KPN, have jointly done an investment in EclecticIQ.- AKD
INKEF Capital, a venture capital fund that focuses on innovative technological enterprises, has invested in G-Therapeutics.- AKD
On May 20, 2016, the Head of Special Projects at VEGAS LEX, Maxim Grigoryev spoke about a new instrument of state support for investors, as well as the special investment contract during the first Legal Forum Live event in Krasnodar, which was organized as part of the St. Petersburg International Legal Forum.
The use of a third-party trademark in comparative advertising does not automatically constitute an infringement of trademark law. That was the decision of the Bundesgerichtshof (BGH), Germany’s Federal Court of Justice (Az.: I ZR 167/13).
Zhong Lun Law Firm, one of the top law firms based in China, has completed in May 2016 a major U.S. expansion, by expanding its New York Office, and opening new offices in Los Angeles and in San Francisco. These three offices spanning the U.S. represent another important step in Zhong Lun’s “Going Global” strategy, and will make Zhong Lun the Chinese law firm with the most extensive presence in the U.S.
Chambers announced its 2016 PRC law firm and lawyer rankings on February 5, 2016. 27 practice areas and 48 practitioners of Zhong Lun Law Firm were awarded with recommendation.
On 21 March 2016, Thomson Reuters Asian Legal Business (ALB) published the “China Power List 2016”, which includes 10 most powerful law firms and 10 most powerful lawyers. Zhong Lun Law Firm and its partner Anthony Zhao were recognized as one of them separately.
If over the course of its history a company was split up, advertising featuring the company’s history may be misleading. That was the verdict of the OLG Frankfurt (Higher Regional Court of Frankfurt) in a recent ruling (6 U 167/14).