Knowledge

02
08 / 17

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.

24
07 / 17

Recent edition of the Business Manager’s Handbook

Law Office TGS Baltic, the author of the subscription edition, included the information on the start-up companies and the available state aid in the current supplements to the edition. The subscription edition contains comments on the requirements specified in the Law on Aid for the Activities of Start-up Companies, which should be observed by start-up companies and their investors to qualify for the state aid programmes.

10
07 / 17

EU GDPR: not so sweet concept of freely given consent

Consent is arguably among the most direct grounds to collect and process one’s personal data. EU General Data Protection Regulation (GDPR) defines consent as “freely given, specific, informed and unambiguous indication of the data subject's agreement to the processing of personal data relating to him or her, such as by a written statement, including by electronic means, or an oral statement”.

29
05 / 17

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.

24
05 / 17

Aid programmes and tax relief for start-ups in Latvia

On 24 May 2017, internet magazine ITiesības published an article by TGS Baltic lawyer Rūdolfs Vilsons and associate attorney at law Liene Šķiņķe on the aid programmes and tax relief for start-up companies. The article provides an insight into the Law on Aid for the Activities of Start-up Companies, which came into effect on 1 January 2017.

26
04 / 17

The European Central Bank (ECB) harmonises supervision rules for institutions supervised by national competent authorities

On 4 April 2017, Guideline (EU) 2017/697 of the European Central Bank and Recommendation ECB/2017/10 for national competent authorities (including the Bank of Lithuania) on exercising some options and discretions available in EU legislation in relation to less significant institutions directly supervised by national competent authorities have been adopted.

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