Law firm LUMOS is a modern legal company in Latvia. The main specialization of law firm is the provision of a variety of legal services to legal entities and individuals.

Most of us have experienced periods in our life when unexpected circumstances lead to a fall in income or unexpected expenses. Typically, such situations are temporary and can be resolved by borrowing additional funds, distributing payments due or outlasting financially precarious times in other ways.

On 3rd December 2019 leading Latvian legal journal Jurista Vards has published an article “Determination of the centre of main interests (COMI) in cross-border insolvency proceedings”, authored by Aleksandrs Locans, an attorney-at-law and insolvency practitioner. The article addresses issues of application of the law in situations where a citizen of another European Union country permanently resides or has established business in Latvia and applies for insolvency proceedings in Latvia when all or most of the creditors of the person are in another EU Member State.