Re-declaration of state emergency in Latvia

Startup Billo attracts EUR 2 million investment

We advised Lithuanian venture capital fund Open Circle Capital on investing in community marketing platform Billo. In the seed funding round, the company raised EUR 2 million. Among other investors in the company in this round was venture capital fund Practica Capital, as well as angel investors who have themselves developed successful startups – Mantas […]

Tax Stories Podcast – Episode 18 – Jānis Zelmenis (BDO)

Tax Stories Podcast – Episode 18 – Jānis Zelmenis (BDO). Janis Zelmenis is a Chairman of Management Board & Equity Partner at BDO Latvia, and one of the most prominent tax experts in Latvia. Having the conversation exactly on his 50th birthday we look back at his achievements and aims, leadership style, his book about […]

Dutch companies win case on recognition of arbitral award in Lithuania

We successfully represented Dutch companies in a dispute over a compensation claim. The Lithuanian Court of Appeal fully upheld the claim and recognised a foreign arbitral award (GAFTA) in Lithuania in favour of the client. The court ordered to compensate over EUR 500,000 for the company’s losses. Debtor claimed they could not fulfil contracts due […]

Guide on how to officially classify information as a trade secret

When classifying information as a trade secret, even seemingly insignificant errors may cause the information to become unprotected. If a foreign company’s local office fails to ensure commercially valuable information is classified as a trade secret, this can cause damage to the foreign company itself (as the local office’s employees and contractors might be able […]