Amendments To The Insolvency Law

Original Language Title: Grozījumi Maksātnespējas likumā

Subscribe to a Global-Regulation Premium Membership Today!

Key Benefits:

Subscribe Now

Read the untranslated law here:

The Saeima has adopted and the President promulgated the following laws: the law of insolvency to make insolvency law (Latvian journal, 2010, 124 no) the following amendments: 1. Supplement article 38 eighth after the word "creditors" with the words "or the employee".
2. Turn off the article 137, paragraph 10, the words "other than tendering".
142. Article 3 first paragraph: replace "" with the number "153 154";
exclude the words "natural persons the application of insolvency proceedings".
4. Article 149: replace the third paragraph, the word "communication" with the words "by sending a notice to the creditors";
turn off the sixth paragraph, the words "and individuals undertaking the clear plan".
5. To turn off the title of the article 156 of the words "and the debtor".
6. Replace article 168, second paragraph, the words "and article 112 of the fifth" with a number and the words "of article 119, the fourth".
7. Replace article 169 in the fifth paragraph, the word "cancellation" with the word "appointment".
The law shall enter into force on 1 November 2010.
The Parliament adopted the law on 14 October 2010.
President Valdis Zatlers in Riga V 2010 on October 27.