A large proportion of European Union (EU) countries apply a low rate of value-added tax (VAT) to food, Latvian Television reported its study results November 30. It turns out Latvia has among the highest VAT rates on food in the EU. Value-added tax in Latvia brings about 30% of the budget revenue, so it is […]
The Carbon Border Adjustment Mechanism (CBAM) is a new EU instrument aimed at reducing carbon leakage and leveling the playing field related to carbon emissions in the production of relevant goods in the EU and third countries. To whom do these requirements apply? Individuals or legal entities that import the goods listed in the annex […]
Deals & Cases
As part of the Shared Mission programme, Sorainen provided pro bono legal assistance to SIA Tvigy, the developer of the mobile app Tvigy. Tvigy plans to offer a platform with the goal of connecting users with aesthetic medicine service providers, optimising the services provided by these institutions, and enabling users to select the most suitable […]
In October this year, the guidelines of the Consumer Rights Protection Centre on the indication of prices for goods and services were adopted in a new wording, replacing “Guidelines on the Pricing of Goods and Services, Including Fair Commercial Practices” of 2015. The purpose of the new wording of the guidelines is to clarify the […]
We advised Technopolis in selling the Technopolis Ozas business campus in Vilnius, Lithuania, to the real estate fund Baltic Opportunity, managed by Lords LB Asset Management. This is the largest office real estate deal in the Baltics ever and one of the largest commercial real estate transactions in the Baltics of the last several decades. […]