News & publications

Insolvency proceedings of a German citizen declared in Latvia

By a judgment of the Riga District Court on July 21, 2020, the insolvency proceedings of a German citizen in Latvia were declared. The Court, evaluating the provisions of Regulation No. 2015/848 of the European Parliament and of the Council (Insolvency Regulation), concluded that the center of the debtor’s main interests is located in the Republic of Latvia.

Continue reading

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.

Continue reading

Contractual fraud against client successfully prevented

Atguti-naudas-lidzekli
As a result of the work of attorneys and lawyers of the LUMOS office, the client has managed to receive the payment due from the customer within the framework of the construction contract. Turning to the law firm LUMOS, the client had found himself in an unenviable situation ­– on the basis of a construction contract, construction works had been performed on the real estate owned by the customer, but no payment had been rec...

Continue reading

Successfully concluded factory purchase deal

RVR nekustamā īpašūma iegāde
A client of LUMOS office has successfully concluded a contract of purchase of real estate for the needs of the plant in the territory of the former Riga Train Wagon Building Plant in the amount of more than 500 thousand euros. Preparation and verification of transaction documentation, as well as identification of risks associated with the transaction, in the interests of the client were performed by the experts of LUMOS off...

Continue reading

Covid-19: changes in creditor rights

Lumos Covid 19 Kreditoru Paradnieku
The state of emergency due to the spread of the Covid-19 epidemic also affects the relationship between creditors and debtors and the regulation of insolvency proceedings. The Saeima of the Republic of Latvia has adopted the Law “On Measures for Prevention and Management of the Threat to the State and Its Consequences Due to the Proliferation of Covid-19”, which significantly restricts the rights of creditors.

Continue reading

Right to be forgotten

Lumos-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.

Continue reading

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...

Continue reading

Insolvency proceedings of individuals in Latvia

maksatnespeja
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.

Continue reading

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...

Continue reading

LUMOS ZAB

Contact us

Address and business hours:
Follow us:
Address on map
 

Apply for a consultation

Fill out the application form and we will get back to you within 24 hours (business days).

    Zvērināta advokāta birojs LUMOS logo
    © Zvērināta advokāta birojs – LUMOS