On the 4 September 2017 the daily newspaper Diena published an article by Pavels Tjusevs – an associate in TGS Baltic. The article concerned the current state of arbitration within the legal system of Latvia, as well as the influence and effectiveness of the arbitration reform initiated and completed by Ministry of Justice. The article evaluates both the public opinion in Latvia towards the use of arbitration as an alternative dispute resolution method, as well as the recent amendments to the ICC Rules of Arbitration.
Blog Archives
ILN Today Post
September 12, 2017
Inese Rendeniece on amendments to Labour Law
On the 4th of September, 2017, an article was published on the internet journal iTiesibas by Inese Rendeniece – a senior associate in TGS Baltic. The article consisted of an evaluation of the most important changes to the Labour law of Latvia that came into effect on the 16th of August, 2017. The author examines the changes made to areas such as the calculation of hourly wages, compensation for overtime work, changes in prohibition of competition for current and past employees, as well as other significant amendments.
ILN Today Post
August 31, 2017
N. Numavičius will work with TGS Baltic
Nerijus Numavičius has signed a long-term strategic partnership agreement with law firm TGS Baltic. The entrepreneur has chosen TGS Baltic as his strategic adviser for legal and business management issues.
“I am delighted that family office Talka LT headed by Ms. Jolanta Bivainytė and law firm TGS Baltic represented by Ms. Eugenija Sutkienė will work together forming a strong team of legal advisers”, Mr. Numavičius says in the notification.
ILN Today Post
August 31, 2017
Latvia: New restrictions in the Commercial Law with respect to the transactions with related parties
Internet magazine ITiesības in its 22 August 2017 issue published an article by TGS Baltic lawyer Reinis Grunte on the new restrictions to the Commercial Law with respect to the transactions with related parties.
Amendments to the Commercial Law, which came into force on 13 July 2017, prescribe for essential changes to the transactions with related parties. The new amendments are meant for strengthening the protection of minority shareholders, as well as ensuring transparency in the conclusion of transactions by companies.
ILN Today Post
August 31, 2017
Latvia: New exceptions to the procedure for registration of the acquirer of shares in a limited liability company
Internet magazine ITiesības, in its 8 August 2017 issue, published an article by Kalvis Krūmiņš, Associate Attorney at Law of TGS Baltic, on new exceptions to the procedure for registration of the acquirer of shares in a limited liability company, which came into effect on 13 July 2017. Those amendments to the Commercial Law are essential, since there have been dispute in practice in cases, when the shares were purchased by using a commercial pledge, while the management board refused making an entry in the shareholder register.
ILN Today Post
August 3, 2017
Inese Rendeniece on the most recent insurance case law
Magazine ITiesibas in its 22 June 2017 issue published an article by Inese Rendeniece, Senior Associate at TGS Baltic, on the most recent insurance case law. Inese reviewed the conclusions of the Civil Case Department of the Supreme Court of the Republic of Latvia with respect to the burden of proof in case of refusal of payment of insurance indemnity, as well as the conclusions of the Civil Case Department regarding payment of the insurance indemnity in case of breach of insurance agreement on the part of the insured.
ILN Today Post
July 27, 2017
TGS Baltic lawyers were chosen as leading experts by Who’s Who Legal
Four TGS Baltic lawyers were recognized among the top three leading experts in their practice field by international publication Who’s Who Legal.
Partner Vilius Bernatonis (energy), Partner Lina Darulienė (competition) and Partner Marius Matonis (corporate) were listed among the top three experts in their respective fields in Lithuania and Senior Associate Kristina Laarmaawas chosen as one of the three leading public procurement experts in Estonia.
ILN Today Post
June 22, 2017
TGS Baltic advised UPP & CO KAUNO 53 on entering the Nasdaq Baltic First North bond market
The firm’s banking and finance team advised UPP & CO KAUNO 53 OÜ, a company owned by Estonian asset management company United Partners Property, during the process of admittance to trading on Nasdaq Baltic First North market.
The size of the subordinated, commercial property backed bond issue is EUR 4.7 million. The nominal value of one bond is EUR 1,000. The annual coupon rate is 8% which is paid out quarterly. The maturity date of the bond issue is April 17, 2022.
ILN Today Post
June 2, 2017
The impact of a mistake in shareholder’s meeting minutes to the legality of dividend payment
On May 29, 2017, internet magazine iFinanses published an article by Jekaterina Anohina, lawyer of TGS Baltic, on the impact of a mistake in shareholder’s meeting minutes to the legality of dividend payment. In the article Jekaterina analyses the findings of the Supreme Court of the Republic of Latvia on this subject.
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