Wed, 18 May 2011: Plaude-Relingere ruling overturned…

The bank said in its petition that Riga Vidzeme District Court’s decision to declare Plaude-Relingere insolvent was unfounded, and claimed that several procedural and legal provisions were v...

Wed, 28 Jul 2010: VEF Bank loses license…

This decision was made based on the fact that the bank has not received authorization from the FCMC for its new shareholders; therefore the shareholders have no decision-making rights and are unab...

Thu, 22 Oct 2009: Taxi wars head to court…

"Baltic Taxi is and will be a solvent company that is in business to stay," said Flick. He pointed out that this year its monthly turnover indicates that the company has cornered up to 50 percent...

Wed, 5 Jul 2006: Police open case against Werol…

Thus far the criminal proceeding was launched not against a concrete person but with regard to the facts, prosecutors said. As the Tartu County Court has started bankruptcy proceedings against th...

Wed, 1 Feb 2006: Taking counsel…

According to the Enterprise Bankruptcy Law, the inability of an enterprise to meet its financial liabilities confers to creditors, owners or the general manager of an enterprise the right to comme...

Wed, 23 Nov 2005: Taking counsel…

In the given case, a company breached its contractual obligations, as a result of which the bank, in compliance with its rights as agreed on in the loan agreement, terminated the agreement and leg...

Thu, 9 Dec 1999: Seeing forests for the trees…

According to the current forest legislation, the concept of forest development in Latvia must be confirmed in the Saeima [Latvia's parliament] first."Bojars said there is a correct order in which ...
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