Along with the amendments to the Commercial Law, which came into effect starting from 2021, the rights of the Latvian liability companies (SIA) regarding capital shares were significantly supplemented, that is, SIA was granted rights to issue multiple capital share categories. From the annotation of the draft law, it follows that the purpose of the [...]

The story of a Latvian cosmetic manufacturing company For some time now, the news appears in the publicly available news about the now-bankrupt former flagship of the cosmetics industry. I don't want to call anyone names in this article, so let's call the company by a relative name - "Jūras Dimants" AS. What is the [...]

Why is this question? In order to fully implement a competitive framework for share purchase rights, on 12 January 2021 amendments to the Commercial Law (CL) entered into force, which provide for the possibility for limited liability companies (LLCs) to introduce the following long-term incentives for personnel: Firstly, to grant share purchase rights or options [...]

You don't have to spend a lot of money on expensive tools and programmes to encourage your team to perform more efficiently and better. Forget about emptying your company's wallet by granting bonuses or raising pay. Nowadays, there are other options available that are more beneficial for the employer as well as the employee. One [...]

Introduction Has your company carried out the business with related companies in 2020/2021 and has its profit performance declined as a result of the economic crisis? Transfer pricing may not be the cause, but a deterioration in performance may cause a "red alert" to go on next to your company name with the State Revenue [...]

It's time for change! The reasons for change are many and varied.  In the not so distant past, the need for change in many companies was driven by the epidemiological situation caused by the COVID-19 pandemic, which undoubtedly had a direct impact on the business environment. Experience has shown that many companies in Latvia restructured [...]