-
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 […]
-
Checklist: Criteria to evaluate when deciding on a dispute resolution venue (Latvia)
We offer this practical checklist as a quick guide to showcase the strengths and weaknesses of the most popular dispute-resolution venues selected by our clients in Latvia. The material is available here.
-
Concerns about investment protection in Russia during its invasion of Ukraine
In light of the Russian invasion of neighbouring country Ukraine, Russia has encountered sweeping condemnation and severe, previously unseen sanctions from the member states of the European Union, the USA, Canada, and other European countries. These sanctions have delivered a blow to the Russian economy. The rouble’s value has nose-dived, and multiple foreign companies have […]
-
The Arbitration Powerlist 2021: CEE
For 33 years, The Legal 500 has been analysing the capabilities of law firms and sets across the world. In the research team, we constantly track which sections are used most by clients, and this often matches up with an increase in that section from submissions, client referees, requests for interviews and feedback – all […]
-
Wolters Kluwer Arbitration Blog: What Has Changed in Six Years Since the Latvian Arbitration Law “Reform” and What Needs to Be Changed?
Latvia is an infamous unicorn in the field of arbitration because of its record-number of institutional arbitration courts. In November 2013, there were 214 arbitration courts in Latvia. Regretfully, this is not because we as a nation love arbitration that much. Liberal regulations have allowed any legal entity to establish an arbitration court which to […]