At the end of 2025, amendments to the Law “On Taxes and Fees” (section 15.2) significantly changed the transfer pricing landscape in Latvia. The objective of these amendments is, as of 1 January 2026, to modernize the transfer pricing compliance and audit process by reducing the administrative burden on taxpayers and increasing the efficiency of the State Revenue Service (SRS) (increasing taxpayer risks).

The merger and acquisition (M&A) landscape across Europe has continued to transform, shaped by changing macroeconomic conditions, the rise of technology, and the ongoing impact of Private Equity (PE) capital deployment. Whilst larger deals remain more sensitive to global uncertainty and interest rates, the small and mid-cap market continues to show resilience and robust activity. Read our colleagues' latest insights article on the real sentiment of M&A across Europe.

Early warning signs can save a business from dealing with partners on the brink of insolvency. As a financial advisor, I often see signs that are ignored or not easily noticeable. The goal of this article is to summarize the main financial, behavioral, and industry signals and action options.