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The more time passes, the more the issue of debt collection becomes relevant. In general, even force majeure does not release the debtor from his financial obligation. What to do in case the debtor fails to pay explain our senior associate Mari Karja and legal assistant Polina Tšernjak. Read more in Estonian.
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The outbreak of COVID-19 not only requires a public health response, but also has ramifications in the public procurement sphere. Although the crisis creates a multitude of risks and hurdles to procurement as we have been used to, public procurement legislation also offers several remedies which allow public purchases to be tailored for more turbulent […]
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On 20 March 2020 the Latvian parliament passed a special law on support measures related to the COVID-19 pandemic. 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 support to companies registered in Latvia: State-funded salaries to […]
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Deals & Cases / Tomas Kontautas, Monika Tukačiauskaitė, Liutauras Vasiliauskas
We advised E4F Money on obtaining an electronic money institution licence in Lithuania. The sole shareholder of the company is Exchange4free, a UK-based company with more than 30,000 private and corporate customers worldwide. Expansion in Europe and Africa The company will offer currency exchange and payment service solutions in Lithuania and other European countries to […]
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Unexpectedly, the dusty and boring force majeure clause, which even lawyers usually read with a badly hidden yawn, has become a popular figure in the global coronavirus production. The case law on force majeure is rather scarce and there will certainly be a lot of exciting confusion in the fringes and details. But by its […]
