Suspension of creditors’ right to file for insolvency Under the Latvian Covid-19 Law, any creditor (including an employee or the tax administration) is precluded from filing an insolvency application against a debtor (legal person) until 1 September 2020. The moratorium applies to any creditor-debtor relationship and hence is not limited to any industry or to […]
On 22 March 2020, the Latvian Law on the threat to the state related to the spread of COVID-19 and measures for prevention and remedying its consequences (the “Latvian Covid-19 Law”), as later amended on 3 April and 23 April 2020, came into force. Suspension of creditors’ right to file for insolvency Under the Latvian […]
What entrepreneur should consider when cooperating with banks? Read more (in Latvian) here.
The new Ober-Haus Real Estate Market Report 2020 is now available online. Our Real Estate & Construction team contributed to preparation of the annual report covering the Baltic Capitals – Vilnius, Riga and Tallinn. The overview focuses on the office, commercial, storage and residential premises markets, as well as on land plots in each of these capital cities.
Generally speaking, wrongful trading is the special form of liability where a director of a company is liable for damages towards the creditors for the mismanagement of an insolvent company. A special feature of the wrongful trading concept is that it may give rise not only to the liability of the director of the company […]