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Can a shareholder sell his shares in the LLC below the value specified in the message to the board so that other participants can use their preemptive rights?
Questions and answers
The main principles of property relations of spouses under the law
Traps that an investor wishing to buy a business may fall into
If a physical person has a debt for goods or services 1000 lats, then, to what maximum amount can a debt turn into, taking into account all fines, penalties, interest? Is there any limit to this amount? What law regulates this issue?
I am the owner of a garage in a garage cooperative in Vecmilgravis. The garage itself is located in the so-called “second row” of the cooperative, which, unlike the first row, is not a closed territory, and the garages simply stand in a row along Vecaku Avenue. After acquiring the garage three years ago, I received an oral invitation from the chairman of the cooperative to join the cooperative, which was supported by the message that if I did not join it, I would pay all the same membership fees as a member of the cooperative, but still plus VAT. At that time I did not understand these subtleties and signed the proposed appli8cation. However, over the years, membership fees of about 130 lats per year have become an exorbitant amount for my personal budget. I would like to leave the cooperative, but I’m concerned about the statement by the chairman of the cooperative that if I were not a member of the cooperative, I would have to pay all the same membership fees, but also plus VAT. Could you explain to me how justified this statement is? I want to emphasize that membership fees consist mainly of the salary of this very chairman, payment for the services of a guard and a dog (which I personally have never seen there before) and fees for “housekeeping”, i.e. of all the things that I can do without perfectly well. In addition, I already paid the land tax for the garage separately on a separate account from the Riga City Council.
I would like to buy a company in Latvia. The seller, who owns 100% of the equity capital shares, wants to receive the purchase price at the time of signing purchase contract and other documents. But I’m worried about the transfer of ownership rights after the purchase price is paid. What if for some reason I won’t be registered in the Register of Enterprises as the new owner or the previous member of the board won’t be recalled? Is there a way to avoid such risks when buying a company?
In order to reduce risks the parties may open an escrow account in a bank – a service, which is widely used for immovable property transactions. In this case...
Real estate in Europe acquired! What’s next?
Law office INLAT PLUS has been for many years providing assistance in obtaining residence permits on different grounds. During last years the most popular type of investment for purposes...
The truth about legal aid provided by the state
On protection for the victims of divorces