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15 October 2021

Promoting the development of the business environment, on June 17th , 2021, Parliament of Latvia adopted amendments to the Personal Identification Law that were made in order to eliminate the difficulties repeatedly found in practice for foreigners to obtain a Latvian e-signature, thus allowing...

/en-gb/insights/2021/foreigner’s-eid-card-–-convenient-and-effective-tool-for-development-of-digital-environment
23 September 2021

The reasons why companies refinance their obligations are various – it can be the deterioration of the company’s financial situation or the desire to improve loan's conditions. However, for a refinancing transaction with a new creditor to be profitable, some aspects need to be considered.

/en-gb/insights/2021/why-companies-refinance-their-liabilities-and-ten-recommendations-on-doing-it-as-successfully-as-pos
09 September 2021

On 18 May 2021, the European Commission (EC) published the long-awaited Communication on Business Taxation for the 21st Century, which set out both the EC's short-term and long-term vision for the EU's tax policy agenda. The Communication proposed the introduction of a Debt Equity Bias Reduction...

/en-gb/insights/2021/new-winds-in-the-european-union-conditional-interest-deduction-on-retained-earnings
26 August 2021

Today, the implementation of corporate governance principles in the operation of companies is becoming a necessity, because it benefits not only the operational performance of the business but also its reputation and related technological progress and improvements.

/en-gb/insights/2021/86-of-surveyed-representatives-of-latvian-companies-admit-that-the-implementation-of-corporate-gove
17 August 2021

BDO Law managing partners Vita Liberte and Janis Zelmenis collaborate with Chambers and Partners in the development of Chambers Global Practice Guides: Doing Business In... 2021 for Latvian jurisdiction. The latest guide covers 45 jurisdictions, providing the latest legal information on...

/en-gb/insights/2021/global-practice-guides-doing-business-in-2021
02 August 2021

On 27 May this year, the Saeima accepted and on 23 June, the Covered Bonds Law came into force, which provides the introduction of a new type of securities - “covered bonds”. The law is based on and implements Directive (EU) No 1095/2010 of the European Parliament and of the Council of 27...

/en-gb/insights/2021/in-latvia,-a-new-type-of-securities-covered-bonds
20 July 2021

During the warmer months of the year, employees plan vacations to take a break from their daily work for a while. In practice, however, there are often complaints that leave plans have not been implemented or that the employer does not agree with the employee's planned paid absence. To prevent...

/en-gb/insights/featured-insights/employer-s-responsibilities-in-granting-vacation
16 July 2021

Space exploration started more than fifty years ago from small steps in satellites assembly. Fifty years ahead and the world observes a tremendous boost in space technologies and number of space missions. Future of space exploration has become closer to humanity like never before.

/en-gb/insights/featured-insights/the-billionaires-space-race
16 July 2021

Until now, if an entrepreneur committed a violation in the field of tax law, this was interpreted as an intentional act, namely, the presumption of guilt was applied. In April of this year, an important decision was made by the Constitutional Court, which will change this approach.

/en-gb/insights/featured-insights/making-mistakes-will-also-be-human-in-tax-law-violations
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