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Latvia Takes a Bold Leap: Embracing International Standards with the Arbitration Law Reform
Latvia’s status as the arbitration unicorn remains undisputed after nearly ten years since adopting the country’s first Arbitration Law (“Latvian Arbitration Law”). In February 2024, the overly liberal Latvian regime resulted in 57 arbitral institutions. This record-high number, however, is considerably less than the 214 arbitral institutions in Latvia in 2013. Although advertised by the Latvian government to follow the […]
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New EU tax initiatives: January–April 2024
Our Tax expert team has prepared an overview of the most relevant aspects of the latest European Union tax initiatives. Read more on the following topics to discover how these initiatives are relevant to your company. HOT Directive: SMEs gain the opportunity to use head office taxation rules for calculating taxes At the beginning of autumn 2023, the European […]
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Belarusian government introduces restrictions on payment of dividends to foreign shareholders
Starting from 24 April 2024 investors from certain countries* (Affected Shareholders) will face restrictions when trying to receive dividends from their Belarusian subsidiaries. The details of the new restrictions are set out in Resolution of the Council of Ministers No. 299 (available in Russian) dated 19 April 2024 “On Application of a Special Restrictive Measure” (Resolution). According to the Resolution, […]
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News on filing annual reports and other issues
Deadline for filing annual reports with the State Revenue Service (SRS) approaching The Law on Annual Financial Statements and Consolidated Financial Statements requires all companies to file an annual report approved by the shareholders’ meeting with the SRS, no later than one month after approval by observing the deadline that is set based on the […]
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Life Sciences & Healthcare newsletter, April 2024
This month’s Life Sciences & Healthcare newsletter focuses on the distance selling of medicinal products. In February, the Court of Justice of the European Union made a fundamental decision concerning the legality of distance selling of over-the-counter (OTC) medicinal products. At the same time, in all of the Baltic States the possibilities under the brand […]