Press Releases and Law Firm Thought Leadership

Introduction Today, the world has become a global village, at least in the economic sense.  In this increasingly interconnected global economy, corporate distress rarely respects national borders. It is not unknown that every country has multinational enterprises that are operating across various jurisdictions, which inevitably requires that there should be an insolvency regime that cooperates …

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Can you imagine the situation where a carefully selected and purchased plot of land ends up causing more losses than expected gains? This article provides a practical overview of what to look out for so as to avoid ending up in such unfortunate situations.

Introduction Companies are occasionally left scratching their heads as to the far-reaching possibilities associated with a claimant’s ability to forum shop for damages claims in certain jurisdictions, as a result of an infringement carried out by a group company in which they had no knowledge or did not participate in.

Under the respective provision of the Commercial Law (Article 221) in Latvia, it is stated and confirmed by the Senate (see case No. C33594518, SKC-71/2022) that a board member has the right to remuneration corresponding to their duties and the financial condition of the company.

In the business world, as well as in everyday life, there are options and opportunities. If in life options and choices are dependent on various coincidences and they coincide with human actions, then in the business world options to choose can also be strengthened contractually by closing options contracts.