Generally speaking, wrongful trading is the special form of liability where a director of a company is liable for damages towards the creditors for the mismanagement of an insolvent company. A special feature of the wrongful trading concept is that it may give rise not only to the liability of the director of the company […]
Publication / Ieva Andersone, Private: Gunvaldis Leitens
Our Life Sciences & Healthcare team has prepared a summary of measures adopted up to April 14 2020 in Latvia specifically targeted at Life Sciences companies. The government has issued an order limiting export of pharmaceuticals necessary for treatment of Covid-19. The State Medicines Agency will publish a list of pharmaceuticals on its website based […]
After protracted efforts, Lithuanian investor E energija will finally receive compensation of EUR 3.1 million for being forced out of the heat supply market in Latvia. By a decision of 8 April 2020, a special committee of the International Centre for Settlement of Investment Disputes (ICSID) rejected an application by Latvia to annul the award of 2018 by […]
We advised Tenova India Private, an international innovative solutions provider for metals and mining, in asset recovery. Client officially recognised as victim The case involved a cross-border criminal investigation for fraudulently transferred funds in large amounts and money laundering. Due to effective cooperation with the investigative authorities and prosecutors, we obtained official recognition of the […]
Publication / Alexey Anischenko, Maria Rodich
The Belarusian government is not rushing with adopting measures to combat the Coronavirus: as of today, the borders are open, Belarus is not on lockdown, and not even an individual quarantine policy for educational establishments has been introduced. Recognition of the impact of the Coronavirus on Belarusians began with the Ministry of Healthcare adding COVID-19 […]