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COMMERCIAL AND CORPORATE LAW – New requirements for media service providers– Obligation to submit and register UBO nationality and level of control enters into force REAL ESTATE AND CONSTRUCTION – Amendments adopted to Cabinet Regulation No. 156 “Procedures for Market Surveillance of Construction Products”– Changes adopted regarding the procedure for renewing municipal rental agreements– Amendments […]

COMMERCIAL LAW AND CORPORATE LAW – The announced amendments to the Insolvency Law will abolish the Insolvency Control Service and transfer its functions to other entities– Joint-stock companies must update their articles of association by July 1, 2026 REAL ESTATE AND CONSTRUCTION – Amendments to Cabinet Regulations No. 693 “Construction Normative LBN 200-21, General Requirements

Establishing a company is one of the first steps towards successfully launching a business. However, this decision requires not only the development of ideas and strategic planning, but also a well-founded assessment of whether to establish the company alone or with a partner, and in what proportions to divide the capital shares among partners. The

COMMERCIAL AND CORPORATE LAW – Introduction of utility bill recalculation in cases of unjustified residence declaration– Amendments to the Law on Governance of Capital Shares of a Public Person and Capital Companies– Board member held liable for losses caused by VAT late payment interest, but not the principal VAT debt– Constitutional Court refers to the

This question is particularly relevant for entrepreneurs who conduct business activities not only in Latvia but also abroad. Recently, the Lithuanian tax administration denied a Lithuanian company within a corporate group the right to apply a withholding tax exemption on dividends paid to its parent company registered in Cyprus. Although the dividends were formally paid

COMMERCIAL AND CORPORATE LAW – Senate explains how to calculate the deadline for contesting a shareholder meeting decision REAL ESTATE AND CONSTRUCTION – “Amendments to the Construction Law” adopted in the 2nd reading– Seminar “The Future of Building Expertise: Artificial Intelligence, Challenges, and Development Directions” ENERGY – Amendments to the methodology for calculating electricity distribution

2023. In May 2023, European Parliament and Council Directive (EU) 2023/970 on pay transparency (the Directive) was adopted with the aim of ensuring that men and women receive equal pay for equal work or work of equal value. Although the requirements of the Directive have not yet been transposed into Latvian law – the public