International Internet Magazine. Baltic States news & analytics
Monday, 22.09.2014, 11:10
On July 14, 2014, after the meeting with the senior officials of Latvia Mr. Masayuki Oku, vice president of Keidanren (Japan Business Federation) and Head of the Sumitomo Mitsui Financial Group and his accompanying delegation of eight members paid visit to the Freeport of Riga Authority, informs BC Press and Information Division jf port. The delegation was also accompanied by the Japanese Ambassador to Latvia Mr.Toshiyuki Taga.
Keyword tags: EU – Baltic States, Good for Business, Latvia, Legal Counsel, Port, Transport
Every day our law firm receives enquiries from clients, both local and foreign, willing to organize their business in Latvia. We are capable of providing all kinds of necessary legal support for setting up a commercial or non-commercial structure on the territory of Latvia, and namely: limited liability company, joint stock company, branches and representative offices of foreign companies, partnerships etc.
Owing to the amendments to the Citizenship Law dual citizenship has been allowed in Latvia starting from October 1, 2013. The term “dual citizenship” means a person's citizenship status in which a person is concurrently regarded as a citizen of more than one state under the laws of those states.
Russia announced this afternoon that a ban is on for pork and pork products crossing the border from European Union countries in wake of the swine fever outbreak in Lithuania, informs PRIME/LETA.
Law firm INLAT PLUS draws your attention to the fact that due to the changeover to the euro in Latvia from January 1, 2014 it is necessary to make changes in the articles of association of existing companies and show equity capital in euro. It’s a mandatory procedure for all companies. Limited liability companies and joint stock companies must submit amendments to the Register of Enterprises till June 30, 2016.
In what could be described as extreme caution since the November 21 supermarket tragedy [under investigation] in Riga, many entities are checking, double checking, and in many cases, questioning the quality of building construction, and all required paperwork thereof. A case in point surfaced today as the Plavniekkalna Primary School was ordered closed by the Keklava Region Council after it found out that the building had not been through final inspection following renovation, informs LETA.
The amendments to the Citizenship Law of the Republic of Latvia came into force as of 1 October 2013, which supplements the law with the provisions on dual citizenship. Now, upon occurrence of certain circumstances, the law permits dual-citizenship when applying for a Latvian passport through naturalization or on the other grounds.
Question: Is it possible to hold a person liable in Latvia for offensive behavior, spamming and triggering hatred on the world wide web?
Lithuanian Prime Minister Algirdas Butkevicius delegates Minister of Finance Rimantas Sadzius to resolve issues of bank Ukio Bankas, informs LETA/ELTA.
Question: The director has offered me to resign voluntarily due to crisis in Latvia and company’s impossibility to maintain previous number of employees. In this regard he offered to sign the agreement for termination of employment relation as of tomorrow. Are such activities legal on the part of the employer? What shall I do?
Question: I was refused guarantee service in a company which sold me a TV-set one and a half year ago in Latvia. The motive was that the guarantee period for that TV model is only 1 year. However I’ve heard that the guarantee period in Latvia may not be less than 2 years. Is it so?
Question: I’m facing a situation which is quite common nowadays in Latvia. I own a company, which is unable to settle its debts: my clients have failed to pay and the company has no means to settle accounts with suppliers. I’ve heard that upon certain circumstances a company has an obligation to submit insolvency application. What could be those circumstances?
Question: I would like to establish a new limited company (SIA) where share capital will be divided 50/50 between my business partner and me in Latvia. I’ve heard that such participation in a company may cause problems. Why?
Question: I’ve received a letter of claim by Motor Insurer’s Bureau for compensation of losses. The letter indicates that I own the car which caused road accident thus inflicting losses to third persons. However I have sold the car a year ago and didn’t commit this road accident. Is it lawful for Insurers’ Bureau to claim these losses?
Question: Upon termination of lease relations the lessee has left his property in the premises. After some time it appeared that air-conditioner installed in the ceiling belongs to the bank. The bank demanded the return of it. However, it is impossible to remove the air-conditioner without damaging the ceiling. The bank refused to compensate the damage and demands air-conditioner. What shall I do in this case?