Related persons and related parties – what’s the difference?

In Latvian legislation, various terms are used – “related person”, “related party”, and “interested person” – which cover different groups of persons and are applied in different contexts. 

Understanding and using these terms correctly is essential to ensure compliance with legal requirements and to avoid legal or financial risks. 

WALLESS Senior Associate Tatjana Sinkeviča and Junior Associate Rēzija Gaujere explain the differences between these terms in their publication iTiesības. 

Read more here: https://bit.ly/3Iju7RU