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By 14 January 2019 the Member States of the European Union (EU) had to implement the New European Union Trade Mark Directive 2015/2436 of 16 December 2015 (the Trade Mark Directive). So, by now the Member States had to bring into force the laws, regulations and administrative provisions necessary to comply with most of the […]
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Very soon, the first year will have passed since the General Data Protection Regulation (GDPR) came into force. Last year, many companies were busy arranging documentation and data processing procedures in line with GDPR requirements. Preparing for the GDPR was partly driven by the heavy fines, which have been a hot topic of discussion, not […]
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When public entities get involved in business, private companies may face an unequal contest. The rules of combat are affected by advantages enjoyed by public entities or companies that they establish ‒ advantages that private companies do not enjoy. Some indicators of how to recognise a public entity that distorts competition and the unfair behaviour […]
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Deadline approaching for filing annual reports with the State Revenue Service (SRS). The Law on Annual Financial Statements and Consolidated Financial Statements requires all companies to file with the SRS an annual report ‒ approved by the shareholders’ meeting ‒ no later than one month after approval and no later than four months after the […]
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Publication / Raivo Raudzeps
Amendments to the Public Procurement Law came into force on 13 March. The main changes to be noted: Exceptions to application of the procurement procedure In Section 5, the amendments provide an exemption from the statutory procurement procedure for the following services, if the contract price under the procurement contract is less than 144,000 EUR: expert […]