Results for Latvia
- Insolvency Abuse Has Cost Latvia €665 Million, Say Foreign Investors
Even though new insolvency administration legislature has been introduced, there's "a lot to be done" in order to avert its shortcomings, Zlata Elksniņa-Zaščirinska, head of the Foreign Investors Council in Latvia (FICIL), told Latvian Tel ...
Daily Headline - global.abi.org - 04/06/2016 - 20:11 - 0 comments
- Isn’t €1 Billion A Year Too High A Cost For Malfunctioning Insolvency Process In Latvia?
On October 15, 2015, at the Outlook seminar experts, decision makers and business representatives in Riga met to discuss the insolvency process and its impact on Latvia’s business and investment climate, The Baltic Course reported. A broad coalition ...
Daily Headline - global.abi.org - 10/19/2015 - 22:21 - 0 comments
- Country Reports Winter 2014/15. Updates from Latvia, Spain, France and Romania
After two years of fierce debate a major package of amendments is going to enter into force on 1 March 2015 in Latvia. The most controversial are those relating to personal bankruptcy. Firstly, after the sale of the debtor’s dwelling that served as c ...
Resource Article - abi_admin - 06/02/2015 - 12:22 - 0 comments - 1 attachment
- Another Insolvency Claim Filed Against Riga Shipyard
Another insolvency claim has been filed against Rigas kugu buvetava (Riga Shipyard), according to information provided by Firmas.lv. The insolvency case was initiated by the Riga Northern District Court on February 20, according to information published ...
Daily Headline - global.abi.org - 02/24/2015 - 20:52 - 0 comments
- New Latvia Law Takes on Legacy of Bad Mortgages
Six years after suffering Europe’s biggest recession, Latvia is trying a controversial recipe used in some U.S. states to free people of household debt, The Wall Street Journal reported. Parliament on Thursday passed a set of laws allowing people to ...
Daily Headline - global.abi.org - 02/19/2015 - 21:38 - 0 comments
- Amendments To Insolvency Law In Latvia Postponed Until March 1
Latvian Saeima passed amendments to the Insolvency Law in the final reading today, stipulating that the amendments will come into force on March 1, 2015, reports LETA. The government originally approved amendments to the Insolvency Law on September 25, a ...
Daily Headline - global.abi.org - 12/18/2014 - 22:20 - 0 comments
- Banks Upset About "Jingle Mail" Option In Latvia's New Insolvency Legislation
New amendments to the Latvian insolvency legislation allowing struggling mortgage holders to mail their home keys to their lenders to get rid of their loan obligations have seriously upset banks, Latvia's Dienas Bizness daily reported on Thursday. T ...
Daily Headline - global.abi.org - 09/25/2014 - 21:22 - 0 comments
- Ukraine's KVV Group To Buy Latvia's Insolvent Steelmaker
Ukraine's KVV Group has offered to buy Latvia's insolvent steelmaker Liepajas Metalurgs for 107 million euros ($138 million), the insolvency administrator said on Tuesday, Reuters reported. Liepajas Metalurgs, the only producer of rolled steel ...
Daily Headline - global.abi.org - 09/09/2014 - 21:19 - 0 comments
- Justice Ministry Scraps Bordans' Reforms To Straighten Out Insolvency Administrator System
In a highly controversial move, the Justice Ministry of Latvia has scrapped former Justice Minister Janis Bordans' submitted reforms to straighten out the insolvency administrator system in Latvia, LETA was informed by Justice Ministry Parliamentary ...
Daily Headline - global.abi.org - 06/11/2014 - 19:45 - 0 comments
- EUR 1.3 Million Already Spent On Maintaining Liepajas Metalurgs Since Insolvency Declared
Since the insolvency of metallurgical company Liepajas metalurgs was declared this past November, EUR 1.3 million has already been spent in maintaining the company and its equipment, the company's insolvency administrator Haralds Velmers said, The ...
Daily Headline - global.abi.org - 01/27/2014 - 18:38 - 0 comments