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Suspension of the management board’s obligation to file a bankruptcy application Under the Estonian COVID law the obligation of the management board to file a bankruptcy application is halted. This amendment applies to all legal and natural persons. However, an undertaking that lacks prospects of restoring and continuing its economic activities after the current emergency […]
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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 […]
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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 […]
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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 […]
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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 […]
