Many companies will likely be forced to deal with debts and liquidity issues – one must act smart and early to keep the problems from snowballing. Advice to creditors: stop the snowballing effect Set a credit limit and ask for advance payments. First, take a good look at the credit limits you have set for […]
Organising shareholder meetings remotely Under the Law on Companies, a limited liability company may allow shareholders to attend the general meeting of shareholders and to vote by means of electronic communications. Although no official changes in legislation have yet been implemented in this field, on 7 April 2020 the Ministry of Economy and Innovation published […]
A proposal that transactions in notarial form can be concluded remotely and signed by electronic signature has been submitted to the Parliament. In addition, on 22 April 2020 the Government approved a project on changing the Law on Notaries, with the aim of legalising notarial acts using modern information technologies. It is envisaged that notaries […]
While Latvia already introduced video-conferencing mode for notary services back in 2018, it is now during times of pandemic and social distancing that remote access to notary services is very useful. Remote access to notary services is available at DigiNotārs (www.latvijasnotars.lv) through the “Latvija.lv” portal, with all the tools available there. However, certifying a document […]
In Lithuania, state funds are being channelled to support businesses through the Lithuanian state company INVEGA, which has announced a list of measures in three main areas. Guarantees Portfolio guarantees for loans 2 (PGP2) and leasing 2, and export credit Available to small, medium-sized and large enterprises, if one of the following conditions is met: […]
