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Insolvency proceedings of a legal person

Unlike the commencement of insolvency proceedings of natural persons, an application for insolvency proceedings of a legal person may be submitted to the court not only by the company itself, which is unable to settle its debts, but also by the company’s creditor and employee in cases specified by law.

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Right to be forgotten

Modern human life is inconceivable without modern technology. Modern technology enables us not only to get information in a fast and easy way, but also to share it. However, such an advantage comes with a major challenge, especially with regard to the protection of personal data.

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Liability for Animal Damage – Regulation in Latvia

Atbildība par dzīvnieku nodarītiem kaitējumiem
Liability for Animal Damage – Regulation in Latvia, Draft Common Frame of Reference, Lithuania, Estonia and Germany Pet keeping has been widespread for a very long time, and as it can be seen every day, the tendency to keep pets has certainly not diminished nowadays. However, once a person chooses to keep a pet, the person also takes responsibility for the behavior of the pet and the harm it can do to others. The scope...

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Insolvency proceedings of individuals in Latvia

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.

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Establishment of COMI and insolvency in Latvia

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...

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Company registration in Latvia

Latvia has consistently ranked among the top 20 of the 190 ranked world economies in the Doing Business Ranking maintained by the World Bank since 2015, reaching a high of 14 in 2016. LUMOS provides everyone considering starting a business in Latvia a brief overview of the Latvian regulations regarding the types of companies, the procedure of their formation and the applicable tax regime.

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