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Legal Regulation of Franchising Agreement II

  • Latvia


    Author: Viktorija Jarkina, 03.08.2009.

    From 2000 to 2009 there were no provisions in the Commercial Law on commercial transactions (with the exception of the provisions on procuration and ordinary commercial powers of attorney, as well as provisions on commercial agency and broker agreements, which traditionally are not viewed as rules regulating commercial transactions). The first regulations on franchise agreement in the Commercial Law were adopted by Saeima on 18 December 2008 by “Amendments to the Commercial Law” adding Part D “Commercial Transactions”.

    Every detail counts in insurance

    Authors: Agris Bitans and Elina Umbraško

    Dienas Bizness (Juridiskais pielikums), 25.05.2009., Nr.97 (3605)

    Economic decrease has also impact on the behavior of insurers and that of the insured. Lawyers point out that decline of financial resources forces to appraise actions of the other party more carefully which frequently causes disagreements regarding to whether and in what amount the insurance indemnity should be payable by the insurer.

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