Wed, 18 May 2011: Plaude-Relingere ruling overturned…
May 18, 2011 Baltics
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...Tags: Businesswoman, Creditors, Dodge, Financial Situation, Insolvency Procedures, Legal Provisions, Liabilities, Parex, Petition, Riga, Rsquo, Vidzeme District
Wed, 28 Jul 2010: VEF Bank loses license…
Jul 28, 2010 Baltics
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...Tags: Bank Operations, Bankruptcy Administrator, Fcmc, Insolvency Process, Lats, Liquidation, Losses, Money Payments, Petition, Prudent Bank, Regional Court, Rsquo, Seizure, Shareholders
Thu, 22 Oct 2009: Taxi wars head to court…
Oct 22, 2009 Baltics
"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...Tags: Baltic, Competitor, Creative Director, Erts, Flick, Honest Company, Insolvency, Mud, Petition, Spate, Surprise, Taxi Cab, Turnover
Wed, 5 Jul 2006: Police open case against Werol…
Jul 5, 2006 Baltics
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...Tags: Ahas, Allegations, Bankruptcy Proceedings, Bankruptcy Trustee, Concrete Person, Criminal Proceeding, Economic Activity, Economic Situation, Elements Of Crime, Inkasso, Oil Producer, Open Case, Petition, Prosecutors, Rapeseed Oil, Regard, Tartu County, Wed 5
Wed, 1 Feb 2006: Taking counsel…
Feb 1, 2006 Baltics
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...Tags: Bankruptcy Law, Bankruptcy Procedure, Bankruptcy Procedures, Bankruptcy Proceedings, Cooperation, Creditors, Financial Liabilities, Implementation, Interested Parties, Petition, Precondition
Wed, 23 Nov 2005: Taking counsel…
Nov 23, 2005 Baltics
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...Tags: Commercial Banks, Compliance, Contractual Obligations, Insolvency Act, Loan Agreement, Loan Policy, Petition, Pledge
Thu, 9 Dec 1999: Seeing forests for the trees…
Dec 9, 1999 Baltics
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 ...Tags: Current, Forest Development, Forest Legislation, Forest Management, Forests, Joint Stock Company, Latvia, Mezi, Mps, Opposition, Parliament, Petition, State Forest Service, Trees