-
Starting 30 December 2024, the Regulation EU 2023/1114 of the European Parliament and of the Council on markets in crypto-assets (MiCAR) will take full effect. It will open a new chapter regulating virtual currencies, also known as tokens, and related services and is expected to bring more clarity to the field. This step is crucial […]
-
Amendments to the Insolvency Law, Civil Procedure Law and the Law On Protection of employees in case of Insolvency of Employer aimed at transposing the Directive on Restructuring and Insolvency were adopted in March this year and are applicable to proceedings initiated starting from 15 September. Read more about types of proceedings, statutory moratorium, classes of creditors […]
-
Assistant lawyer Nikola Cīparsone compiled the material. EU Law Commission welcomes G7 leaders’ agreement on Guiding Principles and a Code of Conduct on Artificial Intelligence Published: 30 October 2023 The Commission welcomes the agreement by G7 leaders on International Guiding Principles on Artificial Intelligence (AI) and a voluntary Code of Conduct for AI developers under the Hiroshima […]
-
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 […]
-
Publication / Edvīns Draba, Kristers Pētersons
Asking for a loan will be safer in the EU after the Council’s final approval of the Consumer Credit Directive Adopted – 9 October 2023 The Council of the European Union has voted to adopt the proposed directive (CCD II) which will revise and replace the Consumer Credit Directive (2008/48/EC) (CCD). In short, CCD II […]
