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The issues on the promotion of whistleblowing and protection of whistle-blowers are becoming increasingly important. On 1 May 2019, the Whistleblowing Law will come into force, which according to the annotation will show the position of the state that the whistleblowing is an action of a democratically responsible citizen and the public supports it.
The Law On International Sanctions and National Sanctions of the Republic of Latvia (the Sanctions Act) has been in effect since 1 March 2016, while substantial amendments to the law are expected to come into effect on 1 May 2019.
On 29 March 2019, the Department of Civil Cases of the Supreme Court of the Republic of Latvia reviewed Case No. SKC-62/2019, in which the Court made significant findings regarding the compensation of unused annual paid leave to an employee upon termination of an employment relationship.
On March 28, the Latvian Parliament adopted amendments to the Latvian Competition Law, which will come into force on 1 January 2020. The amendments cover two key issues: (1) competition regulation applicable to public authorities and (2) data protection rules in competition cases.
The ever-growing ecosystem of Lithuanian startups is ready to meet its unicorn – a business with a value of EUR 1 billion, says Roberta Rodokienė, the Head of Startup Lithuania.
As you may know, though free movement of capital is one of the fundamental EU functioning principles, it is actually not fully implemented in the capital markets for many reasons (different regulatory requirements, taxation aspects in the Member States, etc.).
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