We successfully represented a Kazakh company in a case on recognition and enforcement of a Kazakh court judgment in Latvia. The Latvian court agreed to recognise and enforce the EUR 10 million judgment. We assisted in obtaining security to enforce the Latvian court decision as a vitally important tool to actually allow collection in cases like this.
Best possible solution
In our practice during recent years, we have observed an increase in the number of cases involving recognition and enforcement of foreign court judgments in the Latvian courts. We have also been active in formation and development of this practice. Although this legal framework is quite well regulated, the reality is that court practice is not yet uniform in such procedural issues as enforcement security plus selection and application of security measures. In this specific case, we were able to achieve company share seizure ‒ a rather rare security measure in court practice. As a result, the best possible solution was achieved for the situation and for the client. The defendant’s assets in Latvia will remain seized even if the defendant brings an appellate complaint against the court decision and tries to evade performance.