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COVID-19 in Latvia: Changes in Regulation on Lease Payments for the Property of Public Persons and Capital Companies Controlled by Public Persons

2020-07-23

On 18 July 2020 the Cabinet Regulations No.453 “Regulations on Application of Exemption from or Reduction of the Lease Payments for the Use of the Property of a Public Person and a Capital Company Controlled by a Public Person in relation to the spread of Covid-19” (Regulations) have entered into force, replacing the Cabinet Regulations No.180 “Regulations on Application of Exemption from or Reduction of the Lease Payments for the Use of the Property of a Public Person and a Capital Company Controlled by a Public Person in relation to the spread of Covid-19” as of 2 April 2020 (Regulations No.180). Alike Regulations No.180 however, with some differences, the Regulations provide for support measures related to lease of publicly owned assets (hereinafter - Support Measures).