PURCHASE OF COMMERCIAL LAND IN LATVIA
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.
CARTEL DAMAGES CLAIMS: JURISDICTION AND FORUM SHOPPING CLARITY
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.
THE RISK OF AN UNDEFINED SALARY FOR A BOARD MEMBER IN LATVIA
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.
WHAT ARE “OPTIONS” AND THE POSSIBLE TYPES OF OPTION CONTRACTS?
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.
PRIVATE DAMAGES CLAIMS AS A RESULT OF CARTELIZED PROCUREMENT IN LATVIA
Is it simply enough for the claimant to rely on the decision of the Competition Council? The construction cartel saga has thoroughly disturbed the calm waters of private damages claims in Latvia, in which the EU Damages Directive has so far been relatively unused in practice. However, since public purchasers have been receiving letters from …
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AMENDMENTS CONCERNING THE REGULATION OF A COLLATERAL AGENT UNDER LATVIAN LAW
Those arranging bond issuances in Latvia often have practical questions about the regulation of a collateral agent’s functions. Until 12 July 2024, this was a very complex question with several possible answers.
THE RISK OF AN UNDEFINED SALARY FOR A BOARD MEMBER IN LATVIA
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.
FAMILY OF TRADEMARKS
In March this year, the final ruling in the almost eight-year long trademark dispute between Air Baltic Corporation AS and SIA Baltic Taxi, over the trademarks Baltic Taxi[1], entered into force. The Latvian Supreme Court’s judgement in this case expressed several important conclusions which are likely to be cited in future trademark disputes.[2] Among others, …
EMOJIS: CAN THEY CREATE BINDING LEGAL CONTRACTS IN LATVIA
On 8 June 2023, the Supreme Court of Canada ruled that a supplier’s claim for debt collection from the buyer for the supply of linseed was justified due to the fact that the buyer had agreed to the terms of the contract by sending the supplier a “👍” or raised thumb emoji (see KING’S BENCH …
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SHOULD A TRADEMARK OWNER FORMALLY REACT TO A SIMILAR BRAND CIRCULATING IN LATVIA?
Traditionally, companies, for one reason or another, seek to avoid litigation as much as possible. This is totally understandable, litigation is time and resource consuming and for the most part, unpredictable. In this regard, to date, there has been no very active litigation practice before the Latvian courts concerning conflicting trademarks.