On 20 March 2020 the Latvian parliament passed a special law on support measures related to the COVID-19 pandemic. The law enters into force retroactively, as of 12 March 2020, when a state of emergency was declared in Latvia. The law contains provisions on the following support to companies registered in Latvia: State-funded salaries to […]
Publication / Eva Berlaus, Private: Gunvaldis Leitens
COVID-19 as force maejure aspect in contractual relations. Read more (in Latvian) here.
Since announcing a state of emergency on 12 March 2020 due to COVID-19, the Latvian Government is working on measures to support affected companies. As to the latest information available, the following is under discussion: –payment of salaries to employees from the state budget: where employees cannot work (due to idle time or otherwise) as […]
On 1 July 2019, significant amendments to the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing (AML Law) came into force. The amendments supplement the AML Law with new subjects of beneficial owners’ (BO) disclosure obligation and new rights of the Company Register: to request supporting documentation on the BO of […]
