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Latvia: ready to conquer the fintech sector
Things have finally changed in the Latvian financial sector, and the country is ready to make use of its potential in fintech. That is the current message from the government and from the Latvian financial supervisory authority, the Financial and Capital Market Commission (FCMC). These are welcome words from the market, which has, along with […]
Fintech Latvia Association: The pulse of FinTech industry in Latvia
FinTech report – a look at the state of the country’s FinTech ecosystem, sharing key growth metrics and emerging trends. Our colleagues Agneta Rumpa and Edvīns Draba have shared some insights regarding the FinTech industry from the legal perspective. You can find full report HERE.
EBRD: Business Reorganisation Assessment
The European Bank for Reconstruction & Development (EBRD) has completed its Business Reorganisation Assessment, which was launched in 2020 in response to the economic crisis generated by the Covid-19 pandemic. As a result, the main EBRD Assessment Report was published in January 2022. The report provides a comprehensive cross-jurisdictional analysis of business reorganisation tools and stakeholders’ […]
Eurofenix: Amendments to insolvency law and new relief
Several amendments to the Latvian Insolvency Law have been adopted over the course of the Summer. In addition, a separate law providing for the discharge of obligations of natural persons has been passed and will come into force on 1 January 2022. Here is an outline of these changes. Our colleague Edvīns Draba sharing the […]
International Comparative Jurisprudence: Conditions for the bankruptcy of natural persons which Baltic state is the most attractive for bankruptcy?
There are many natural persons who can no longer meet their debt obligations in the Baltic states. For them, overindebtedness is not just a temporary problem – various factors have led to an increase in the number of insolvent natural persons. As shown by economic examples, the insolvency of natural persons is caused by excessive […]