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Sorainen ESG-focused newsletter, October
This month, we bring you an overview of significant updates, including adopting crucial EU regulations and new initiatives to enhance sustainability efforts. We are also pleased to highlight important news from Estonia, Latvia and Lithuania. Legislative news and ESG initiatives in Estonia, Latvia and Lithuania Status of the transposition of the Corporate Sustainability Reporting Directive […]
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Assessment of the Court of Justice of the European Union on the limitation period for criminal liability
The limitation period is among the institutions of criminal law for which correct understanding and application is crucial to the final outcome of a case. On the one hand, errors can lead to significant prejudice to the rights of persons entitled to a defence. On the other hand, errors may also create conditions enabling criminal […]
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Latvia Takes a Bold Leap: Embracing International Standards with the Arbitration Law Reform
Latvia’s status as the arbitration unicorn remains undisputed after nearly ten years since adopting the country’s first Arbitration Law (“Latvian Arbitration Law”). In February 2024, the overly liberal Latvian regime resulted in 57 arbitral institutions. This record-high number, however, is considerably less than the 214 arbitral institutions in Latvia in 2013. Although advertised by the Latvian government to follow the […]
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Consumer class actions in Latvia
On 14 September 2023, the Saeima approved amendments to the Consumer Rights Protection Law (CRPL) and related amendments to the Civil Procedure Law. These amendments will introduce a new procedural instrument to consumer class actions in Latvia, as provided for in the European Union (EU) Directive 2020/1828. The main objective of the law is to […]