In the coming months, many companies will face indebtedness and liquidity problems that can be alleviated by acting prudently. It is important to address indebtedness and the resulting liquidity problems at the earliest possible stage. Otherwise, they may deepen and become insurmountable, when it may no longer be possible to return from bankruptcy, writes our […]
On March 22, the law “On Measures to Prevent and Manage National Threats and Consequences of COVID-19” (Law) was passed. 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 tax items. 1. Extension of payment of taxes […]
Starting from 01.07.2020 all branches and representative offices of foreign companies must file information on their beneficial owner with the Latvian Commercial Register. If a foreign company has not registered a branch or a representative office at the Latvian Commercial Register but has registered as a taxpayer with the State Revenue Service (SRS) for carrying […]
Although the coronavirus has effected the Baltics like everyone else, Sorainen Country Managing Partner for Lithuania Tomas Kontautas says, it hasn’t, at least in the short term, resulted in any slow down in work, and he reports that commercial lawyers in Lithuania are “not only busy – but much busier than normal” in the week […]
Wage cuts or redundancies are already a tough reality, what will happen next is unknown. Our partner Karin Madisson, talked about how to cope with the current situation in the labor market on Duubel. Watch the interview in Estonian here.