"Modernising Insolvency Law in Latvia: Successes and Failures" by Edvins DRABA

As a transition economy, Latvia has experience in applying four different insolvency laws since the restoration of its independence in 1991. The most rapid modernization of the Latvian insolvency legal framework took place during the last five years, promulgating one completely new Insolvency Law just to abandon it after less than three years and adopt an even more modern law instead.
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