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Elias Neocleous & Co LLC | Cyprus, Latvia | 12 Aug 2016

Cyprus and Latvia sign double tax agreement

Cyprus and Latvia recently signed a double tax agreement which includes provisions regarding permanent establishment, dividends, interest and royalties, capital gains, offshore activities, the elimination of double taxation and the exchange of information. The agreement will enter into force once each country has notified the other through diplomatic channels that the relevant constitutional......
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SORAINEN | Latvia | 22 May 2014

Multilateral agreements on interchange fees – restriction of competition or objective necessity

The Supreme Court has suspended the proceedings in a case involving 22 Latvian banks which were found to have violated the Competition Law by concluding multilateral agreements on interchange fees charged for transactions at point-of-sale terminals and through online banking, while it awaits a European Court of Justice decision on the same issue.
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Westerberg & Partners Advokatbyrå Ab | Estonia, Latvia, Lithuania, etc. | 7 Apr 2014

Sweden and Baltic states form Unified Patent Court regional division

Sweden has recently signed an agreement on the establishment of a Nordic-Baltic regional division of the Unified Patent Court. According to the agreement, English will be the only language of proceedings and the seat of the regional divisional will be in Stockholm. The Swedish national court structure for IP disputes is under revision.
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SORAINEN | Latvia | 13 Mar 2014

Restrictive provisions in land lease agreements

The Supreme Court recently indicated that a violation of law could be established in cases where restrictions by their nature (per se) could negatively affect competition. The violation could be established without the need for an extended investigation or to prove the factual effects of the agreement. However, the court held that not all restrictive provisions in agreements are per se......
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Spigulis, Kukainis & Azanda Attorneys at Law | Latvia | 16 Jan 2014

Abuse of dominant position – unfair prices and discriminatory conditions

A recent Supreme Court judgment establishes several precedents on the application of Articles 13(1)(4) and (5) of the Competition Law in cases of abuse of dominant position. Among other things, it confirms that to establish a violation of Articles 13(1)(4), the price policy of the dominant undertaking should be examined, to determine whether prices are cost based. The undertaking's strategy......
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Spigulis, Kukainis & Azanda Attorneys at Law | Latvia | 7 Nov 2013

Competition Council fines monopolist in natural gas distribution market

The Competition Council recently fined Latvijas Gaze (LG) for abuse of its dominant position in the natural gas distribution market. LG had stipulated that new users had to pay the debts of previous users for natural gas consumed before the conclusion of agreements with them. The council found that this practice constituted a breach of competition law in several circumstances.
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Spigulis, Kukainis & Azanda Attorneys at Law | Latvia | 3 Oct 2013

Competition Council hits energy building cartel with heavy fine

The Competition Council has fined 26 energy builders over Lats2 million for participation in a cartel. During the investigation the council discovered that the cartel set artificial market prices and harmonised offers to distort competition. The council found sufficient evidence and fined the companies according to their participation in the cartel. Almost all of the companies have appealed......
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