Our senior associate Edvīns Draba has contributed to INSOL Europe Newsletter Spring 2023, telling more about insolvency and restructuring statistics in Latvia. Read the full newsletter HERE.
We successfully represented the bankruptcy trustee of a bankrupt company in a claim for compensation against a member of the company’s management board. As a result, the bankruptcy estate increased by nearly EUR 125 000. An important opportunity to increase the bankruptcy estate and prosecute a member of the management board We filed an action […]
We successfully represented bankruptcy trustees in a dispute over substitution of wills, which increased bankruptcy assets by approximately EUR 150 000. A pioneering solution Traditionally, the consent of the other party is required in order to receive money from a notarial deposit. Thus, the main issue in the dispute was whether the court could replace the […]
We successfully represented Saaremaa Laevakompanii (an Estonia-based shipping company) in a dispute over the recovery of a compromise agreement of EUR 60 million. Significant economic impact The dispute started in 2018, when the plaintiffs filed claims against Saaremaa Laevakompanii (SLK) to revoke specific clauses of the compromise agreement in recovery, claiming that they were damaging […]
