Often foreign merchant acquire shares in an LLC in Latvia. In the process of acquiring shares, a foreign merchant is represented by a member of the board of directors or a director (for example, in the UK this is a director). When registering these changes in the Commercial Register of…

Latvian inheritance law provides three grounds for inheritance: statutory succession, wills, and inheritance contracts. According to statutory succession, inheritance is granted to the surviving spouse and relatives of the deceased. The relatives of the deceased inherit in a specific order, according to a defined sequence. There are four classes…