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    News for participants at real estate auctions
    2015-07-08

    On 1 July this year, amendments to the Civil Procedure Law came into force affecting the procedure for enforcing judgments by changing the procedure for real estate auctions from auctions with physical participation to auctions in an e-environment. In insolvency proceedings, sale of real estate by e-auction will be introduced on 1 January 2016.

    Filed under:
    Latvia, Insolvency & Restructuring, Real Estate, SORAINEN
    Authors:
    Agris Repšs , Raivo Raudzeps
    Location:
    Latvia
    Firm:
    SORAINEN
    Court practice in Latvia in board liability cases - developing, but still unstable
    2015-11-26

    We have recently prepared a study on court practice in Latvia in board liability cases. A short summary of our main findings appears below.

    Filed under:
    Latvia, Company & Commercial, Insolvency & Restructuring, Litigation, SORAINEN, Shareholder, Board of directors
    Location:
    Latvia
    Firm:
    SORAINEN
    Wrongful trading - Lithuania
    2020-04-15

    Generally speaking, wrongful trading is the special form of liability where a director of a company is liable for damages towards the creditors for the mismanagement of an insolvent company.

    A special feature of the institution of wrongful trading is, that it may give rise not only to the liability of the director of the company but also to the liability of the director, management, employee of the parent company or even of the grandparent company (so called shadow director).

    Filed under:
    Lithuania, Insolvency & Restructuring, Litigation, SORAINEN, Board of directors
    Authors:
    Kazimieras Karpickis , Greta Kubiliūnaitė
    Location:
    Lithuania
    Firm:
    SORAINEN

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