Wed, 18 Aug 2010: Recovering Parex investments a ‘long shot’…

This can only be done through maximizing the value of the bank’s assets. Selling the bank is not realistic at the moment, said Gwilliam. He also said that the restructured Parex bank had b...

Wed, 14 Apr 2010: Public debate lacking on debtor protection bill…

The organization found that a proposal that will have an important economic impact needs to be introduced before taking it to the Parliament and requires additional analysis and public debate, whe...

Wed, 29 Oct 2008: Latvians leaving creditors holding the bag…

Firmanis said that they mostly ran up debts in the U.K. by using checking accounts and credit cards. They are in debt to companies such as HSBC Bank, the Marks & Spencer supermarket store chain, ...

Wed, 15 Oct 2008: Taking counsel: Efficient debt recovery through procedure of notice …

As a result, companies have a large number of debtors to recover debts from. Such debts are usually not secured by pledge, or purchase or crediting agreements do not contain a clause from the co...

Wed, 30 Jul 2008: Taking Counsel: Troubled economy complicates collecting on bad debts …

While in the recent booming days creditors and their lawyers were mainly challenged with disputes that were legally difficult, the main challenge today is to find adequate security for the actua...

Wed, 28 May 2008: Latvia’s new booming business ’s debt collection…

Many are hiding in the vain hope that the debts will vanish. But a few firms specializing in collecting debt, who for years seemed to occupy the loneliest market niche, are working overtime to en...

Thu, 25 Feb 1999: Lithuania wants energy debts settled…

By meeting's end, however, Belarus debtors were given another two weeks to prove they are serious about paying.The problem of Belarus' debt has been a thorn in Lithuania's side for months. A numbe...

Thu, 28 Jan 1999: Energy company gets tough: Debtors warned, strategic investor sought…

Lietuvos Energija hinted that if its demands are not met, it could mean lights out for the former and deal's off for the latter. The issue of Belarus' financial debt to Lietuvos Energija for its e...
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