A new Personal Income Tax incentive in Lithuania comes into force in February 2020 to make employee stock options more attractive to use. Under the new rules, fringe benefits from share options are exempt from personal income tax if a share option is held by an employee (but not exercised) for at least 3 years […]
Following introduction of the 4th EU Anti-Money Laundering Directive in 2015, the corresponding laws in Estonia, Latvia and Lithuania have been amended, implementing a requirement for companies having their registered address in any of the Baltic countries to disclose and register their ultimate beneficial owners (UBOs) in commercial registers. However, the status of the 4th […]
Litigation We successfully represented a Kazakh company in a case on recognition and enforcement of a Kazakh court judgment in Latvia. The Latvian court agreed to recognise and enforce the EUR 10 million judgment. We assisted in obtaining security to enforce the Latvian court decision as a vitally important tool to actually allow collection in […]
We are pleased to announce having advised Xllnc Nordic on the acquisition of Replace, acting as local advisors through Hansen Law, a world-class Swedish boutique law firm. Replace delivers mobile and IT equipment recycling services to large Nordic and European enterprises, while Xllnc delivers IT lifecycle management solutions to large corporations, the public sector and […]
Publication / Kirill Laptev
1. The Law 1.1. Key Acts, Regulations, Directives, Bills (only if highly likely to become law) The Constitution of the Republic of Belarus of 1994 (available in English (non-official translation) here); Law of 10 November 2008 No. 455-Z on Information, Informatization and Data Protection (available in Russian here) (‘the Law on Information’). Belarusian laws provide for […]
