Wed, 12 Dec 2012: Household savings in Estonia fall…

However, households with loans have not lost any of their belief in their ability to save, and 75 percent of them are able to save money. In September, close to 239,000 families, or 41 percent o...

Wed, 30 Mar 2011: Shady deals tempt farmers…

It is based on just one letter from Agro Food Holding Lily and a few laconic presentations on the Internet. Therefore, the Agriculture Ministry treats such plans with great caution, and also urges...

Wed, 11 Nov 2009: Struggle to attract cargo traffic continues among Baltic ports…

While Finnish box freight terminals are suffering from Russia's drop in demand, Baltic ports have been generally less affected because container volumes have been relatively low for years already...

Wed, 21 Jan 2009: Taking Counsel: Terminations: Proceed with Caution…

Unilateral termination of the employment relationship by the employer is allowed only in the following cases: 1) Where the employee has committed a serious breach of the employment agreement or...

Wed, 10 Dec 2008: Tez Tour seeks to buy airline …

Some years ago we were in a tandem participating in a competition on privatization of Lithuanian airline FlyLAL. We know how to do it. Now FlyLAL is developing successfully without our participati...

Wed, 3 Dec 2008: Taking Counsel: Guilty! (until proven innocent…) …

We do not even bother ourselves thinking about it, not to mention discussing it. Why? Well, first of all 's we all are guilty! People happen to like everything that is fast, efficient and stinks....

Wed, 29 Oct 2008: Taking counsel: Employee Suspension: Proceed with Caution…

Fewer employers seem aware of the rights they have to suspend employees under certain circumstances. Section 58 of the law defines suspension as a written order by the employer temporarily barri...

Wed, 26 Sep 2007: TAKING COUNSEL: On the nuances of dispute resolution in commercial contr…

There are many arbitration service providers from which to choose, and particular arbitration selection should be approached with care and caution. If you are engaged in entrepreneurial activity ...

Wed, 22 Aug 2007: TAKING COUNSEL: Creditors of former owner can become a buyer’s headache…

Lithuania's Civil Code provides for two exceptions to this rule: if the owner lost the property due to a crime committed by other persons or if the property was acquired gratuitously. However, rea...

Wed, 10 May 2006: Taking counsel: Proceed with caution on non-competition clause…

What is reasonable in one jurisdiction may not cut it in another as an enforceable contract.How do non-competition employment clauses stack up in Latvia? There is some jurisprudence on the issue, ...

Thu, 21 Oct 1999: Latvia’s interbank rates rise…

13 and 8.57 percent on Oct. 13. It could be the demand for capital, said Andris Berzins, president of Unibanka."When we need more money to reactivate our economy, it is normal," he said. "The poli...
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