Insolvency and Liquidation

We represent clients throughout the Baltics on insolvency and liquidation (both solvent and insolvent) with legal support to administrators (trustees in bankruptcy), creditors and debtors. We have served as advisors to chambers of commerce on insolvency law reform in Latvia. We have particular insolvency and liquidation experience in banking, retail, production and transport industries.

EXAMPLES

• Liquidation of AS VEF Bank
• Liquidation of a major hardware retailer SIA Profs.
• Liquidation of energy company.
• Serving as insolvency administrator of numerous company and personal insolvency matters involving complicated debtor and creditor arrangements.

SERVICES

• Drafting petitions for voluntary insolvency or compulsory insolvency.
• Representation of creditor’s interests, inter alia, in cases of liquidation or insolvency of Latvian commercial banks.
• Preparing individual proposals to creditors and creditor compromises.
• Providing advice on a range of insolvency and liquidation related matters.
• Advising debtors on responsibilities in insolvency process.
• Acting as liquidator and performing related services.
• Representation in court.