Insolvency and Restructuring
The Grunte & Cers team specialising in restructuring and insolvency, provides assistance to distressed companies and to creditors of such companies, to protect their rights and interests. This includes assistance in recovering assets for creditors, and assistance in retaining control over assets for debtors.
We provide legal assistance also with respect to possible claims for liability against company management.
Our firm represented the insolvency administrator, The Privatisation Agency in several noticeable state enterprise insolvency proceedings.
Our insolvency law experts work with banking and financial law experts to protect the interests of creditors and develop practical solutions for debtors.
Grunte & Cers successfully handled out the insolvency of the joint stock company Rīgas Komercabnka leading to a rehabilitation, which was a unique event in Eastern Europe.
Practical Law Company:
- Grunte & Cers, Latvia: Recommended in Insolvency and Restructuring
For more information, please contact:
Publications in this area:
- Nauris Grigals on the purposes of the Out-of-court debt recovery draft law, Dienas bizness - April 2010
- Andis Paunins on the essential provisions of debt restructuring, Dienas bizness - April 2010
- Linda Strause on the insolvency process of individuals, Dienas bizness - February 2010
- Linda Strause on the Provisions of draft Insolvency Law, Dienas bizness - February 2010
- Linda Strause on Compulsory Enforcement of Obligations, Dienas bizness - February 2010
- Agnese Hartpenga on International Association of Young Lawyers (AIJA) and its organized seminar in Riga, Jurista Vārds - February 2010
- Inese Hazenfusa on mediation as a possibility to continue commercial activities of the debtor, Dienas bizness - February 2010
- Legal protection from creditors, "Neatkariga" - August 2009
- How to save business in an unfavourable market situation?, "Kapitals" - August 2009
- The protection of business is in the hands of the business itself, "Час" - May 2009
