In October this year, the guidelines of the Consumer Rights Protection Centre on the indication of prices for goods and services were adopted in a new wording, replacing “Guidelines on the Pricing of Goods and Services, Including Fair Commercial Practices” of 2015. The purpose of the new wording of the guidelines is to clarify the […]
We advised a Ukrainian company Nova Post on opening their Estonian branch and obtaining a postal license – a rare and special occasion as there is currently only one other valid postal license issued by the Estonian Competition Authority. TOP 20 largest taxpayers in Ukraine Nova Post is a group of companies that provides a full […]
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 […]
We advised VPH, one of the largest commercial real estate developers in Lithuania; and Riga Retail Park, owner of one of the largest lifestyle shopping centres in Latvia, on receiving a loan totalling EUR 48 million from Rietumu Banka for refinancing. This has been one of the largest loan financing transactions in Latvia in 2023. […]