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I took out a loan from a company for a term of 10 years. I received a letter of claim from the administrator requesting to return the loan in full. Is it lawful for administrator to request the pre-term loan repayment?
...it is subject to the Law on insolvency. According to Section 97, Paragraph 1, of the Law on insolvency, if the contract concluded by the debtor is not fulfilled on...
What a member of the board needs to know to reduce his/her responsibility
...official act was drawn up of the impossibility to recover the tax debt from the company; the company has not announced its insolvency in violation of the Law on Insolvency....
Company monitoring – new service for our clients
...on your clients: Changes within Enterprise Register (change of name, legal address, equity capital, shareholders, board members, etc.) Commencement of judicial/extrajudicial legal protection proceedings, insolvency proceedings Liquidation and reorganization of...
Expenses for the trial disputes in Latvia
...ten lats; for applications in matters regarding insolvency of undertakings and companies or insolvency or liquidation of credit institutions – 100 lats; regard to other claims which are not financial...
Legal assistance in recovery of assets from banks
...preparation and submission of an application for receiving state guaranteed funds through Citadele AS bank, representing clients in Citadele AS bank; preparation and submission of creditor claims in the insolvency...
Some Aspects Of Latvia’s Legal System
...arising from rights in regard to obligations, if the amount of the claim exceeds 30 000 lats; matters regarding patent rights and protection of trademarks; matters regarding insolvency of undertakings...
The account maintenance agreement stipulates the bank’s right to close the account if the internal control system of the client who is the subject of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing, does not comply with legal requirements. Is the company selling building supplies a subject of the Law?
...000 EUR;13) administrators of insolvency proceedings. Based on the described type of activity of the company – sale of building materials in retail stores in Latvia, this company certainly cannot...
How to organize travelling business
...protect tourists from cases where the tour operator is unable to meet its obligations to the client in the event of its insolvency, the guarantee is necessary to compensate the...
How to obtain an idle time benefit due to COVID-19 crisis
...insolvency process on the day the decision is made; if the employer affected by the crisis during the last six months prior to the declaration of an emergency accrued on...
On changes in the sphere of tourism and tour operators activity
...strict supervision over the activity of tour operators and travel agents, as well as to ensure maximum protection of travellers in the event of insolvency of the tour operator. Supervisory...