Liquidation and Bankruptcy
Insolvency law practice at our firm covers matters of general corporate as well as specially regulated credit institution insolvency and bankruptcies. Our lawyers have acted as legal advisors to the administrator in the to date largest bank insolvency case in Latvia, involving Banka Baltija., (1995). This high profile insolvency process provided a substantial turning point in subsequent development of Latvian domestic insolvency legislation and public recognition of the necessity for due regulation in this field and protection of the interests of the creditors. We presently counsel and assist in such areas as insolvency administration, creditor protection, judicial proceedings in insolvency cases, defence against malicious insolvency fillings, insolvency restructuring, recuperation arrangements by the creditors and bankruptcy auctions.