FICIL Work groups proposed

Dear FICIL Members,

At the start of the new autumn season, we would like to update you on the status of our work groups. Below you will find a list of our recent work groups and a short description of issues the group has been lately focusing on.

We would like to encourage our members to sign up to the work groups of their interest – this is your possibility to follow and influence the work of the respective group. Those who are already members of a group, need not to re-apply. Also, depending on your interest and activity, we will be able to see which sectors and areas we need to address at the next year’s High Council meeting.

This year we are planning to start two new work groups covering Energy and Waste management. In case there are topics that are not covered in the list below, please do let us know and we will explore them.

In case you encounter any problem signing up, please do contact FICIL office ficil@ficil.lv

Public Procurement

Leader: Una Petrauska (KPMG)

Last meeting: July, 2016

  • Procurement below threshold
  • Procurement organized by the municipalities
  • Reasonable time period for public contracts
  • Cross boarder procurements 
  • In-house procurements
Please sign up

Insolvency law

Leader: Ilze Znotiņa (Amcham/ Deloitte Latvia)

Last meeting: June, 2016

Amendments to the Insolvency law.

Please sign up

Tax work group

Leader: vacant

Last meeting: June, 2016

  • World Bank’s evaluation of Latvia’s Tax system.
  • How to improve national legislation regarding transfer pricing; proper introduction of an advanced pricing agreement (APA) institute.
  • Plan on reducing and restricting shadow economy in Latvia.
  • Efficiency of the court system of Latvia in applying tax law.
  • Potential pilot project – mediation in tax disputes.
Please sign up

Education Work Group

Leader: Claudio Rivera (Amcham/ Riga Buisness School)

Last meeting: April, 2016

August 2016 Meeting with State Education Development Agency (topics discussed: vocational education, quality of higher education and involvement of industry).

September 2016 Meeting with the Minister for Education and Science (topics for discussion: Position Paper on Education 2016).

Next w/g meeting 4 October 2016 at 12:00 (venue and agenda TBC).

Please sign up

Construction Work group

Leader: Ilze Kramiņa (Eversheds Bitāns)

Last meeting: March, 2016

  • Real estate transaction process and amendments proposed by the Notary Council
  • Certification of the construction specialists – protection of the local market versus innovation, experience, development. (Initiative from Witteween Bos and the Embassy of the Netherlands)
  • Participation in the process of preparation of the standard construction agreements to be developed by the Ministry of Economy/Construction State Control Bureau
  • Liability of the involved parties
Please sign up

Health care system

Leader: Valts Ābols (GlaxoSmithKline)

Last meeting: March, 2016

Discussion about the possible mandatory health insurance models.

Upcoming in September 2016: introductory meeting with the Minister for Health.

More information regarding the w/g and possible topics end of September.

Please sign up

Investment protection

Leader: Māris Vainovskis (Eversheds Bitāns)

Last meeting: February, 2016

  • Commercial Law – further proposals for improvement
    • Share options
    • Partnerships regulation development
    • Transfer of undertaking regulation development and clarification
  • Law on Commecial Pledges – improvements related to clarity and creditor rights protection
  • Shareholders agreement status recognition (reiteration of the position, more detailed arguments)
  • Proposed real estate transactions reform (notarial form requirement).
Please sign up

Transport

Leaders: Arnis Kākulis (Amcham/AECOM); Jūlija Māsāne-Ose (KPMG)

Last meeting: February, 2016

  • Curbing the Shadow Economy
  • Rail Baltica and related issues

Work group meeting to be announced soon.

Please sign up

Human Resources: Labour Law

Leader: Kaspars Kauliņš (SCC/ Pedersen & Partners) 

Discussion of the amendments proposed by FICIL to the Labour Law (Position Paper 2015: Availability and Quality of the Labour force). 

Please sign up

Sustainable economic development

Leader: Guntars Krols (Ernst & Young)

FICIL Sentiment index 2016.

Please sign up

Intellectual Property protection

Leader: Ingrīda Kariņa - Bērziņa (Amcham/ COBALT)

August, 2016 Comments to the Patent office about the Intellectual Property Strategy development.

Please sign up

Energy work group

Please submit proposal for topics to be discussed.

Please sign up

Waste Management

Please submit proposal for topics to be discussed.

Please sign up

Foreign Investors' Council in Latvia

1-3 Strelnieku Street, Riga, LV-1010, Latvia

ficil@ficil.lv; +371 67 217 201; www.ficil.lv

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