Dispute Resolution practice group News 2024 | Q1

^{The Dispute Resolution Practice Group of Ellex Klavins Law Office has prepared an overview of the latest developments in the first quarter of this year which encompasses not only the latest case law, but also a number of crucial amendments to the laws and regulations which will have an influence on the business environment on a larger scale.}

^{The year 2024 has begun with much anticipated developments in the dispute resolution area which are primarily related to pending amendments to the Arbitration Act, implementing international standards and set aside procedure. Furthermore, a new legal framework has been introduced with regard to class actions of consumers where a solution has been established in situations when there is a wide range of injured parties with a comparatively small individual claim, often too insignificant to initiate individual judicial proceedings.}

^{Currently when the first signs of recovery in the economic sector are on the horizon, existing challenges in the business environment are still present, therefore, we kindly invite to get acquainted with the latest trends in liability of directors, available in a video format, as well as changes in the legal framework governing legal protection proceedings which are more favourable for debtors specifically. With the evolving legal framework and sanction packages being constantly updated, the case law concerning sanctions is on a continued development trajectory, as well as notable changes in the regime of legal cooperation between Latvia and Russia have come into effect.}

^{We sincerely hope that this information will be useful for your business, and we are always open for communication if any additional queries arise.}

^{Dispute Resolution Practice Group of Law firm Ellex in Latvia}