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Latvia

Name of Regulator: STATE INSOLVENCY ADMINISTRATION AGENCY
Contact:

Mrs A Kveska
agnese.kveska@mna.gov.lv

Website link: http://www.mna.gov.lv

 

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News


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Key Legislation
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Insolvency Procedures
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Roles
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Role played by Government

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Role played by private sector practitioners

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Role played by the Court

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At a Glance
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Does the insolvency system in Latvia allow for:

1.
Different procedures for the insolvency of individuals and the insolvency of companies?    
2.
Creditors to accept an arrangement outside of formal bankruptcy/liquidation proceedings?    
3.
Priority payment for employee creditors?    
4.
Priority payment for taxation debts?    
5.
Automatic disqualification of directors of failed companies from managing other companies?     
6.
Recognition of insolvency proceedings being conducted in another jurisdiction?    
7.
A government agency to undertake insolvency administration work?     
8.
Some form of licensing of private sector practitioners?    
9.
A review of the remuneration claimed by an insolvency practitioner by either a court or other government regulator?    
10.
A mandatory scale of fees applicable to insolvency practitioner remuneration?    
11.
Surveillance of the work of private sector practitioners by a government regulator?    
12.
Collation of insolvency statistics by a government regulator?    
Updated 06/08/07

 Latvia
News
Key Legislation
Insolvency Procedures
Roles
At a Glance

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