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CBAM Regulation in Practice: Calculations, Costs, and Recommendations for Businesses

In the previous article, we reviewed the fundamental principles of the CBAM Regulation, its scope of application, and the main obligations for businesses importing certain goods into the European Union. However, to ensure practical compliance with CBAM requirements, theoretical understanding alone is insufficient—businesses must be able to assess how the regulation will affect specific import […]

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Carbon Border Adjustment Mechanism (CBAM): What Should Businesses Know Today?

Climate change and the necessity to reduce greenhouse gas emissions have become among the most significant economic and political issues for the European Union (EU) in recent years. At the same time, EU climate policy increasingly impacts the day-to-day operations of businesses—not only manufacturers but also importers and other companies involved in international supply chains.

Carbon Border Adjustment Mechanism (CBAM): What Should Businesses Know Today? Lasīt vairāk »

A Crucial Development in Cases Concerning the Personal Liability of Board Members

Recently, the Court of Justice of the European Union assessed a significant issue in connection with the application of the tax debt recovery procedure against board members for the unpaid tax debts of the commercial companies they managed. The Regulatory Framework in Force in Latvia In Latvia, a board member may be held personally liable

A Crucial Development in Cases Concerning the Personal Liability of Board Members Lasīt vairāk »

Legislative Review July 17–July 23, 2026

COMMERCIAL AND CORPORATE LAW – Competition authorities may seize electronic correspondence during corporate inspections REAL ESTATE AND CONSTRUCTION – Amendments to Cabinet Regulation No. 907 “Regulations on the Inspection, Technical Maintenance and Routine Repair of Residential Buildings” will simplify requirements for visual inspections of residential buildings– The process for registering buildings divided into apartment properties

Legislative Review July 17–July 23, 2026 Lasīt vairāk »

Legislative Review July 10–16, 2026

COMMERCIAL AND CORPORATE LAW – The Senate grants interim protection and suspends the legal obligation imposed by the Competition Council ENERGY – Amendments to the Energy Law foresee a more flexible regulation for the acquisition of state oil product security reserves into state ownership– Cabinet Regulations No. 163 will be supplemented for the implementation of

Legislative Review July 10–16, 2026 Lasīt vairāk »

How to determine the acquisition value of land for capital gains tax calculation?

Calculating capital gains tax in the event of real estate alienation still raises many practical questions. This is not surprising, as the possible situations vary greatly, and consequently, the results of the tax calculation also differ. Furthermore, the explanations provided by authorities and courts do not always coincide. In this article, we will look at

How to determine the acquisition value of land for capital gains tax calculation? Lasīt vairāk »

Legislative Review July 6–July 9, 2024

COMMERCIAL AND CORPORATE LAW – Non-compliance of meeting continuation with regulatory requirements and its impact on the validity of adopted decisions REAL ESTATE AND CONSTRUCTION – Amendments to Cabinet Regulation No. 294 “Regulations on Latvian Construction Standard LBN 261-15 ‘Internal Electrical Installation of Buildings’”– Amendments to Cabinet Regulation No. 500 “General Construction Regulations” submitted for

Legislative Review July 6–July 9, 2024 Lasīt vairāk »

Disputes involving board members and shareholders will be heard by the Economic Court

Amendments have been adopted to the Civil Procedure Law, expanding the jurisdiction of the Economic Court in civil cases. Henceforth, the court will also hear claims regarding damages caused by board members, council members, and founders of capital companies, the acquisition of shares or stocks in capital companies, termination of operations, claims for insurance payouts,

Disputes involving board members and shareholders will be heard by the Economic Court Lasīt vairāk »