While conducting a larger transaction there are several aspects to which attention should be paid. The most important of these aspects from which all others stem is the object of the sale. And in the case of the object of the sale it is important that both the buyer and the seller understand in the Read more
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The export goods and services of the Lithuanian companies is growing with each passing year, as well as the need to protect their trademarks in other markets. However, many entrepreneurs are now wondering whether a registration of one’s trademark transcribed only in Latin characters in another country would be able to protect it. Read more
National supervisory authorities may increase a mandatory takeover bid on suspicion that the pricing was based not on the situation in the company or the market, but rather on collusive agreements. Read more
As of May 25, 2018, General Data Protection Regulation (GDPR, Regulation (EU) 2016/679), a revolutionary, single EU-wide set of data protection rules, becomes enforceable. It applies if data controller (data collector) or processor, or the data subject (physical person) is EU-based. Personal data means any information relating to an identifiable natural person. Why do you Read more
Experts from Triniti Latvia Anri Leimanis and Arina Stivrina are taking active part in the governmental task force for development of initiative for autonomous driving in Latvia under the leadership of the Ministry of Transport of the Republic of Latvia. Currently the legislation of the Republic of Latvia does not contain regulations in respect of Read more
If your company employs less than 20 individuals Modifications of the employment contract Upon adoption of a new Labour Code, the modification of the employment contract shall be: mandatory, if it is deemed to be in prejudice to the imperative requirements (e.g., place of employment inaccurately specified, wages for the qualified work are too low, Read more
According to the current law, it is not allowed to manage Estonian companies from abroad. However, such a possibility is provided for starting next year, but in that case a contact person located in Estonia has to be appointed to receive documents. Read more
When lodging an application to the European Court of Human Rights (ECHR) it is important to keep in mind that it is a formal and quite complex procedure where even one small mistake can cost you your right to even recourse to the Court. In addition, ECHR is not a court of fourth instance and Read more
Already back in 2015 it was defined that starting from 2017 the companies that are micro-enterprise tax payers would have to pay the minimal mandatory social insurance contribution (hereinafter – minimal contribution) for each of their employees. At the same time it was planned to decrease the current micro-enterprise tax rate from 9% down to Read more
Estonia, Latvia and Lithuania have been full members of the European Union for over ten years now and our companies are becoming rather well acquainted with the majority of EU institutions but only a few know about the existence, tasks and competence of the European Ombudsman. Read more