"This report reviews the commercial, legal and regulatory framework in Latvia, highlighting its impact on businesses and its suitability for different forms of commercial activity. It analyses business’ legal and justice needs, and evaluates the accessibility and responsiveness of public services for business, including dispute resolution mechanisms. Finally, the report provides recommendations to help Latvia better tailor justice services to the needs of business and thus support more inclusive growth," the OECD said in releasing the report.
The substantial 158-page report is available to read online and was launched in Rīga by OECD Secretary General Angel Gurria as part of a two-day conference.
The recommendations for action are numerous, running to twenty different things in need to attention, but can be summed up as government coming up with a coherent long-term plan for commercial law rather than relying upon piecemeal adjustments that are difficult for businesses to keep up with. In addition, greater specialization in the roles of court could help speed up the often painfully slow pace of the legal process and greater use could be made of electronic services to reduce paperwork and improve access to justice for businesses.
A roundtable discussion on the subject, including a contribution from Gurria can be watched in the video below.
