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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 […]
Senior associate Edvīns Draba contributed an article on Latvia to an overview of the regulation of restructuring and insolvency in Europe (Münchener Kommentar zur Insolvenzordnung). https://www.beck-shop.de/art-102_102a-eginso-euinsvo-laenderberichte/product/25386951
On 18 March 2021, the Latvian Parliament adopted amendments to the Latvian Law on the Suppression of Consequences of the Spread of COVID-19 Infection (“the Latvian Covid-19 Law”) that provide for a further extension of the insolvency moratorium. Suspension of creditors’ right to file for insolvency Pursuant to the amendments to Article 22, Paragraph 1 […]
INSOL Europe/LexisPSL: How EU Member States recognise insolvency/restructuring proceedings commenced in third country states
Senior associate Edvīns Draba has contributed to the joint project by INSOL Europe and LexisPSL on ‘How EU Member States recognise insolvency and restructuring proceedings of a third country’, providing an outline on the recognition of insolvency and restructuring proceedings commenced outside the European Union, and, in particular, English restructuring proceedings, in Latvia. Full report […]
INSOL Europe continues their Coffee Breaks: Connecting Minds series established in 2020. This year, the INSOL Europe Country Coordinators will share their experiences with representatives from their local associations, highlighting the reforms and challenges of the national insolvency framework to address the current crisis and other key issues in their jurisdiction. Watch our senior associate Edvīns Draba’s participation in a […]