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The Order Of Entry Into Force Of The Commercial Law

Original Language Title: Komerclikuma spēkā stāšanās kārtības likums

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The Saeima has adopted and the President promulgated the following laws: the Law of procedure entry into force of the law chapter I General provisions article 1. Merchant commercial recording company recording the commercial register by the date of entry into force of the Commercial going according to the commercial law and the provisions of this law.
2. article. Commercial register authority (1) the enterprise register of the Republic of Latvia is an institution that leads the commercial register and, in the cases specified in this law shall make entries in the register of companies, pursuant to the law "on the enterprise register of the Republic of Latvia".
(2) the register of the company in the commercial register, the data and information contained in them is in the public domain.
(3) the registration procedure in matters not regulated by this law and the provisions of the commercial law on the commercial register, the law "on the enterprise register of the Republic of Latvia".
(4) Until 31 December 2004 of the commercial law article 10 the third paragraph will not apply and the decisions on entry in the commercial register, the refusal to make a record, or for entry of the suspension shall be taken within 30 days of the date of receipt of the application.
3. article. Company (company) registration in the business register (1) the law "on business" as provided for in chapter II or the newly-created by the reorganisation of the company (the company) registration with the register of enterprises with the entry into force of the Law is not permitted.
(2) until the adoption of the law on individual companies, farmers and fishermen, farm cooperatives and unions, non-profit organization by limited liability companies, nonprofit organizations, corporations as well as article 27 of this law the subject referred to in the third subparagraph should be listed in the register of companies.
(3) two months from the date of entry into force of the Law on the register of the company allowed to register new first paragraph of this article, if the subject of a decision on its establishment accepted up to the date of entry into force of the commercial law and the registration application is filed not later than one month after the date of entry into force of the Law.
(4) the register of authorised Firms register in existing company (companies) the reorganization provided for in chapter II of this law and article 27. This referred to in the second subparagraph of article subject to be registered in the business register redesign, except when the reorganization merged entity recordable commercial register.
(5) the company (the company) the amendment of the Basic Act and the registration of other changes to this law, the time limits referred to in chapter II, in accordance with their statutory provisions governing the registration of companies (company), subject to the relevant exceptions provided for in this Act.
4. article. The term understanding during the transitional period (1) the laws and other terms used in commercial sense to understand the following: 1) the term "partnership" shall mean the term "partnership";
2) the term "partnership with full liability" shall mean the term "general partnership";
3) with the term "limited partnership" shall mean the term "komanditsabiedrīb";
4) with the term "business" shall mean the term "commercial", if the contents of the law, it does not seem that the term "business" saying other economic activities;
5) the term "company" shall mean the term "company" within the meaning of the Law, "cooperative society" and "cooperative societies Union" cooperative society law, as well as the "joint stock companies", the law "on joint stock companies";
6) with the term "incorporated companies" shall mean the term "Corporation" within the meaning of the Law, "cooperative society" and "cooperative societies Union" cooperative society law, as well as the "joint stock companies", the law "on joint stock companies".
(2) If another regulatory act has used the term "undertaking", and from this Act or rules explanations of terms meaning that this legislative instrument (rules) apply to the company as the holder of the right, commercial law rules on the company.
Chapter II transitional companies registered in the companies registry (companies), branches, departments and agencies article 5. Company registered in the business register (companies), affiliate, Division, and the representation of the recording in the commercial register (1) the register of registered Establishments of this law, article 17 of the second subject and referred companies, their branches and representative offices, branches, except the cooperative society and the Union, in accordance with the procedure laid down in this chapter and the deadlines for application entry in the commercial register, without changing the enterprise register of the Republic of Latvia, the numbering or eliminated. This provision shall not apply to article 17 of this law in the third subparagraph of the abovementioned subjects.
(2) a decision on the modification of the Statute of the company or modifications that are required to log on to record companies in the commercial register, accept the members (shareholders) meeting (plenary) with a simple majority of those present. Meeting (General meeting) of the sasaucam business regulatory laws and form a company in accordance with the procedure laid down in the statutes. The meeting convened again (the general meeting) is valid, without applying the provisions of the Act and the terms of reference for the quorum and the required qualified majority. An amendment of the articles of Association, may not change the company's members (shareholders) rights.
(3) application for recording in the commercial register the signature natural person, applying himself to recording the commercial register as an individual merchant, but the company on behalf of people with representation rights (commercial law 91., 223, 303), and in those cases does not apply to commercial law article 10, second subparagraph.
(4) each Member of the company (shareholders), which is essential to maintaining the rights, and whose voice could make out the voting result may be challenged in court in the second part of the decision referred to breaches of the relevant type of company law provisions governing the members (shareholders) the convening of the meeting (the general meeting) or decision-making procedure.
(5) in the fourth paragraph of this article, that action may be brought within one month from the date of the decision or, if a violation of the procedure for convening the meeting, from the date when the participant (shareholder) or it became known he was supposed to know about it, but not later than six months from the date of the decision.
(6) If the merchant is captured in the commercial register, the register of enterprises with the recording time will be excluded from the merchant business register. On the question of the entry in the register of companies.
(7) the certificate of registration issued by the commercial register is the document in accordance with the procedure prescribed by law for the amendment of the relevant records and other documents.
6. article. The law applicable during the transitional period (1) the register of registered Establishments of the undertaking (company), affiliate, Division, and the operation and liquidation of missions until their recording in the commercial register, apply laws governing the form of business operation, if this law provides otherwise.
(2) the Register of business entities registered in the applicable provisions of the commercial law.
7. article. The State fee for registration (1) the State fee for the company registered in the register of company, branch, Department, or agency in recording in the commercial register shall be determined by the Cabinet of Ministers.
(2) the State fee for recording of amendments to other registers and new, with a company registered in the register of company, branch, Department, or agency in the commercial recording of related documents [including a special permit (license)] service is determined by the Cabinet of Ministers.
(3) in the first and second subparagraphs to specific government fees may not exceed the amount of the administrative expenses related to the entry and the issuance of the document, as well as the amount of State fee prescribed for the registration of the amendments to the commercial law's entry into force.
8. article. Branded (1) up to 2003 December 31 commercial register allowed record companies (commercial law article 26, paragraph 2), without applying the provisions of the commercial law article 28, if the name of the company (the company) (business) registered with the register of enterprises up to the date of entry into force of the Law. The commercial register is not writable under commercial law company established or the individual merchant in the firm, which coincides with the register of enterprises registered company (company) name (business name).
(2) the application of article 29 of the Law of the third and fourth parts of the limitations with regard to the word "Latvia" and another administrative area or settlement name and their translation into foreign languages is included in the company, must not interfere with the right to a company that has acquired prior to the entry into force of the commercial law.
(3) the enterprise register of the Republic of Latvia to the 2002 April 1 published in the newspaper "journal" of the company (the company) list, which is registered in the register of companies with the same name (business name).

(4) in the commercial record the same in the case of a prior right of the company to the company shall be determined depending on the moment when it is registered in the register of companies. Prior rights resulting from the right to the protection of the company (article 33 of the commercial law) occurs after the recording in the commercial register of economic operators, in so far as the earlier rights in relation to the company resulting from the law "On trademarks and geographical indications".
(5) Prior to the company may be transferred to another merchant [company (company)], by means of their agreement before a notary.
(6) an undertaking (company) is losing the company of a prior right, if it's a year and a half since the entry into force of the Law has not submitted an application for recording in the commercial register.
(7) where a person who has a prior right to a company registered address is not reachable, the prior right to the company can be deleted in court civil procedure prescribed by law, if the invitation after three months of no person not making law.
(8) If, on December 31, 2003, the commercial register is written to more economic operators with the same firm, commercial register authority legal proceedings against the Exchange Company operators who do not have prior rights to the firm (part four of this article).
9. article. Limited liability companies and joint stock companies (1) registered in the register of companies of limited liability companies and joint stock companies until 31 December 2004 to record in the commercial register or log on to the members (shareholders) meeting (plenary meeting) decision to launch such companies winding-up, log on to the registration in the register of companies.
(2) the application for recording in the commercial register of the commercial law article 8 point for news, as well as the registration number of the business register and the application shall be accompanied by the members (shareholders) meeting (plenary meeting) decision of the company's recording in the commercial register (article 5 of this law the second part) and the necessary documents (article 9 of the commercial law, the sixth paragraph of article 187), if they are not submitted to the enterprise register of the Republic of Latvia, or if the enterprise register of the Republic of Latvia for the documents submitted do not meet the provisions of the commercial law.
(3) in the case of shares allowed into a company with limited liability under the provisions of the commercial law and the lodge recording in the commercial register. Following the reorganisation of commercial law rules. Reorganization in the privatisation process in accordance with article 27 of this law.
(4) the recording in the commercial register of the Board To reserve the shares are convertible. The company repurchased from Board members, if they do not want to keep to yourself. These operations are carried out without releasing from liability the members of the Management Board and the approval of the annual report. State and local public company Board reserve shares repurchased by the company.
(5) the society with limited liability members meeting, which adopted the amendments to the Statute, shall take all necessary action to public statutes and authorities fully comply with the provisions of commercial law, and at the same time with the articles of Association shall submit an application for the public record in the commercial register. To a public limited liability company in the commercial register for the amendments to the Statute of the company are not registered in the registry. These provisions do not apply to cases where the members meeting is held up to July 1, 2003.
10. article. Partnerships (1) partnership through to 31 December 2004 log to record in the commercial register or with members of the public to open winding-up proceedings, applying for registration in the register of the company.
(2) the application for recording of the limited partnership in the commercial register of the commercial law article 8 point for news, as well as the registration number of the business register.
(3) a limited partnership in the commercial register, after recording shall also comply with the following provisions: 1) where the day on which the partnership is recorded in the commercial register, the law "on the partnerships ' provided for in article 13 of the Statute of limitations not expired, apply to civil law or provided for in other laws, including the limitation period elapsed time;
2) commercial time limit provided for in article 117 shall apply in cases where a member of a partnership (a partnership member) withdraws from partnerships (partnerships) after the recording of the public commercial register;
3) of the Act "on the partnerships ' of articles 15 and 16 shall apply to obligations incurred prior to the recording of the public commercial register.
11. article. Companies with additional liability (1) the public with additional liability up to 31 December 2004 is converted to a corporation with additional responsibilities and apply for commercial register or with members of the public to open winding-up proceedings, applying for registration in the register of the company.
(2) companies with additional responsibility for commercial register apply this law, article 9 of the second paragraph of the rules, but the transform applied to the applicable rules.
12. article. State and local government establishments (1) State or local companies with an order of the Cabinet or local Government Council (Council) decision until 2003 December 31, according to the law "on State and local government business transformation of incorporated companies" rules on and transforms the log to record in the commercial register or initiate liquidation of this company, applying it to the registration in the register of companies.
(2) the application shall be accompanied by the law "on State and local government business transformation of incorporated companies" in the second paragraph of article 9 of the documents referred to in article 149 of the commercial law as well as a third part 4. (if the company has a Council), 5, 6, and 7. documents listed, if they have not already been filed in the enterprise register of the Republic of Latvia.
(3) a public company until December 31, 2003 by order of the cabinet can be made into a national institution. In this case, all the property of the State-owned enterprises across the country. Create national authority is the State company successor rights and obligations.
(4) local business until 2003 December 31 with the local Government Council (Council) decision can be made into a municipal authority. In this case, all the municipal company property over the municipality. The local authority has created a municipal company successor rights and obligations.
13. article. Joint stock company joint stock corporations (1) until 31 December 2004 and the company converted to a log to record in the commercial register or meeting with members of the decision initiating the company's liquidation, apply to the registration in the register of companies.
(2) joint stock companies to be on the agenda of transformation, some established commercial 337, 339, 340.-343, 345, 346. Article 348 article third and fourth, the fourth part of article 349, 350, the first part of the article, the first sentence of the fourth subparagraph, the fifth and the seventh part, the first part of Article 351, 352, 357, 358 and article. 360, the first part of the article.
14. article. Public and religious organizations (1) the company public or religious organization of the company up to 31 December 2004 is converted to a corporation and log on to record in the commercial register or the Organization's decision to start the liquidation of this company, applying for registration in the register of the company.
(2) public and religious organizations into enterprises apply accordingly article 13 of this law the provisions of the second paragraph.
15. article. Companies companies companies companies (1) who does not have legal personality, shall be excluded from the register of companies.
(2) the company of the company, which has the status of a legal person, to be abolished and the authority of the commercial decision to be excluded from the register of companies (article 19).
(3) the register by turning off the business owner of the company, while the company shall also be excluded.
16. article. Branches and representative offices (1) the register of enterprises registered affiliate log in to record in the commercial register at the same time with the application for a merchant in the commercial register or record with its owner's decision to switch.
(2) To record in the commercial register, branch register shall submit an application to the authority, giving Him 8 and 23 respectively or the information referred to in article 25, as well as the registration number of the business register.
(3) if the branch is the status of a legal person, in the first paragraph of this provision in the event of non-compliance to the exclusion from the register (article 19), but if there is no legal personality, by December 31, 2004, the Affiliate shall be deemed void and the to register an official decision to be excluded from the register of companies.
(4) the register of registered Establishments of the company (the company) offices until 31 December 2004 log to record the commercial register as an affiliate or with its owner's decision to switch. If these steps are not taken, the representative after the 1 January 2005 with the commercial register of the Authority's decision to exclude from the register of companies.
(5) to the register of enterprises registered to the company (the company) the representation of the log recording in the commercial register as an affiliate, an application submitted to the authority in accordance with article 23 of the Law, in addition to indicating the registration number of the establishment of representative offices.

(6) in the commercial is not allowed to be recorded in the register of registered establishments of the company (the company) in the owner, if the branch is not recorded in the commercial register.
(7) the register by turning off the owner of the branch or representative offices, while off the respective affiliate or subsidiary.
(8) the permanent representation of a foreign merchant who does business until 31 December 2004 log to record the commercial register as an affiliate or converted to a corporation and log on to record in the commercial register or with the owner's decision to start the liquidation of the mission, the registration of the company applying for the registry.
(9) To permanent representations to a foreign merchant in the commercial register for sign up as an affiliate, the authority shall submit an application to the commercial register according to the commercial law article 25, in addition to indicating the registration number of the business register and the application shall be accompanied by a commercial document referred to in article 25, if they are not submitted to the enterprise register of the Republic of Latvia.
(10) the foreign merchant conversion of permanent representation on the application of article 13 of this law the provisions of the second paragraph.
Article 17. Individual (family) enterprises, farmers and fishermen of the holding and the individual Installer (1) individual (family) enterprises, farmers and fishermen, as well as holding the individual Installer to engaging in the Act regulating the entry into force of the act according to the law, under which they are established, taking into account the exceptions laid down in this article.
(2) such an individual business owner, corresponding to article 75 of the Law in the first part of the criteria, applying himself to record the individual merchant in the commercial register until 31 December 2004 or modify individual business of a company, or its decision to start the liquidation of this company, applying for registration in the register of the company. This provision is not complied with in the case of individual companies with commercial register authority's decision to exclude from the business register (article 19).
(3) the second paragraph of this article shall not apply to farmers and fishermen, as well as holdings in individual companies whose main activity consists in the craft of law "for the craft" within the meaning of article 1.
(4) the family business until 31 December 2004 is converted to a company or to its owner the decision initiating liquidation of this company, applying for registration in the register of the company. This provision is not complied with in the case of a family business with the commercial register of the Authority's decision to exclude from the business register (article 19).
(5) an application for recording commercial register drawn up pursuant to article 75 of the Law of the provisions of part three, in addition to indicating the registration number of the register of enterprises.
(6) individual business, farmers and fishermen holding owners can transform your business for the company, or to sign up for myself on the individual merchant, even if the undertaking concerned does not comply with article 75 of the Law in the first part of the criteria.
(7) the procedures of this article, the status of the individual merchant in the winning individual or company has redesigned the entire company's successor rights and obligations. The status of authorized economic operator the individual winning a person or company stores all the modified by law or on the basis of incentives granted to this company and guarantees. This provision does not affect the law and other regulations.
(8) the transformation of the individual companies of the company apply accordingly article 13 of this law the provisions of the second paragraph.
(9) one individual can not simultaneously be both recorded in the commercial register sole proprietor and is registered in the business register of the individual company, farmer or fisherman's farm owner.
(10) the natural person or the individual business owner whose activities correspond to commercial or 64 45. the rules referred to in article, applies himself to record the individual merchant in the commercial register, not taking into account the commercial law article 75 of the first part of the criteria, or setting up a company in accordance with the provisions of the commercial law.
18. article. The processing of applications by the submission deadline (1) if the application for recording in the commercial register submitted to the authority within the time limit laid down in this chapter, but this time expires, the commercial register authority have not yet examined the provisions on termination and removal from the register of companies (article 19) shall apply from the day following the decision of refusal. If the decision is taken for entry of the suspension, the second paragraph of this article.
(2) if the time limit specified in this section for making the application for recording in the commercial register ends before the term specified in the commercial register of the official decision on the suspension of entry to prevent the lack of provisions on termination and removal from the register of companies (article 19) apply the day after: 1) ceased as a time limit set in the decision, if not submitted within that time limit specified documents;
2) decision on refusal, if the documents submitted do not meet the provisions of the Act.
(3) of this article, in the cases referred to in the second subparagraph repeated decision on deferment of entry not allowed.
19. article. Of company, branch, Division and termination of the mission and their removal from the register of companies (1) where an undertaking (company), a branch of the Department or agency, in accordance with the provisions of this chapter do not apply to the relevant time limits for entry in the commercial register and not the decision of company, branch, Division or liquidation of representative offices, eliminate it in accordance with the procedure laid down in this article.
(2) the day referred to in this chapter by the expiry of the undertaking (company), a subsidiary, Division, or representations shall be considered out of the action. This list of commercial entities, the authority shall publish in a newspaper "journal", indicating: 1) registration number and the name (business name);
2) that, within three months from the date of publication must be notified of claims (the third part of this article).
(3) within three months from the date of publication, all the company's (the company), branch, Department, or agency of the creditors and the tax administration may notify the authority of its commercial property claims against the company (company), a subsidiary, Division or subsidiary.
(4) If the third subparagraph within the time limit referred to in the commercial register authority any notices for claims not received and the pledge the pledge in the register is not registered company (company), a subsidiary, Division or subsidiary with the commercial register of the Authority's decision to exclude from the register of companies.
(5) the assets remaining after the company (the company), branch, Department, or agency off the register, like the bezmantiniek of the civil code, in accordance with the provisions of article 417.
(6) in the case referred to in the third subparagraph within the commercial register authority has received a notice of claim with the next day after the expiry of the company (the company), branch, Department or agency is not entitled to carry on business. In this case, the continuation of the activities considered to be commercial activities without registration and for this offence the perpetrators called to statutory liability.
Chapter III special provisions article 20. The Corporation of the liability issue (1) if the company is registered in the register of companies (company), a branch of the Department or agency that is recorded in the commercial register as a corporation, the day when it is in the commercial application of the commercial law section 11 of Chapter 4 of the rules shall also comply with the provisions of this article.
(2) article 164 of the commercial law provisions shall apply to the acquisition of property transactions, where they concluded after the recording of the public commercial register and from the date on which the company is registered in the register of companies, not the last two years.
(3) If on the day when the company recorded in the commercial register, Section or other statutory limitation period has not expired, but commercial law stipulates: 1) a longer period, apply the limitation period laid down in the Law, including the elapsed time;
shorter period-2) apply to the limitation period for the Claim, in which the number of the day, when the company recorded in the commercial register. If according to the following calculation limitation period is longer than the previous limitation period, it drains the day it would be pissing in accordance with civil law, or other laws or regulations.
21. article. The minimum size of the fixed capital of the individual corporations (1) to pay for the establishment of the minimum size of the issued share capital is as follows: 1) life insurance stock companies – LVL 1 000 000, other insurance stock companies – LVL 500 000;
2) stock shares of the company — 100 000 lats;
3) lombard public company — 25 000 LVL.
(2) five years after the company's founding days pay the minimum size of the issued share capital is as follows:

1) life insurance stock companies – LVL 2 000 000, other insurance stock companies – LVL 1 000 000;
2) stock limited companies: 250 000 lats;
3) lombard public company — 50 000 lats.
22. article. Cooperatives and their Union (1) cooperative societies can be made into a corporation. In this case apply to this law, in article 13, the provisions of part two.
(2) the general meeting of the members of the cooperative society (meeting authorized) when deciding on the reorganization, also confirmed the corporation concerned (the acquiring company) Statute. Signed by the Management Board of the acquiring company.
(3) If a cooperative society statute provides that a decision on the reorganization of the authorized meeting adopted, this decision shall replace the decision of the general meeting of members. In this case, the month after the 345. Commercial law provided for in the second subparagraph of article publications cooperative society member is entitled shall be notified in writing to the cooperative society that disagrees with the reorganization. In this case, the cooperative society member is obtained commercial 353 of the right provided for in article.
23. article. Uncompleted process of liquidation (1) until the date of entry into force of the Law to initiate and sign companies in the business register (companies), affiliate, Division, liquidation of missions and should be completed by 31 December 2004 the registration, log on to the register of enterprises.
(2) in accordance with chapter II of this law the liquidation process ongoing to the members (shareholders) meeting (the general meeting) or owner's decision is based must be completed by 31 December 2005, it sought registration with the register of enterprises.
(3) the first and second part of winding-up proceedings referred to in the law and the provisions of the Statute was in force on the date on which the decision was made on the winding-up.
(4) If the first and second periods in the winding-up process is complete, the next day after the expiry of such company (company), a subsidiary, Division or agency do not have the right to carry out economic activity and for the offences it is called at the statutory responsibility for economic activity without registration.
24. article. Launched insolvency proceedings (1) the register of enterprises registered company (company) that does not match the form of the commercial law and been declared bankrupt until 31 December 2004, all insolvency proceedings until the completion of the bankruptcy proceedings is entitled to retain their existing business form, with the exception provided for in the second subparagraph of article.
(2) the first paragraph of this article, the company (the company) the insolvency proceedings may be terminated otherwise than with the completion of the bankruptcy proceedings only if the undertaking concerned (the company) is converted into a form provided for in the applicable Merchant. Following the granting of commercial law rules apply.
25. article. Nonprofit organizations (1) the register of enterprises registered company (company), which was founded as a non-profit organization, after the entry into force of the Law to the adoption of the law continues to operate according to the law under which it is established.
(2) the first paragraph of this article subject can be made into a public organisation, not disposing of the reserve fund.
(3) a public company (companies), which was founded as a non-profit organization, to December 31, 2003 by order of the Cabinet of Ministers in can be made into a national institution. In this case, all the national non-profit organization property to move to the country. Create national authority is a national non-profit organization accepting the rights and obligations.
(4) a municipal company (companies), which was founded as a non-profit organization, to December 31, 2003, with the local Government Council (Council) decision in can be made into a municipal authority. In this case, all local nonprofit organization property to move the relevant municipality. The local authority has created a municipal non-profit organization accepting the rights and obligations.
(5) a non-profit organization registered in the commercial register of the status of economic operators is not permitted.
26. article. State and local companies hire and hire purchase (1) After the entry into force of the new Law for State and local government business lease and lease purchase agreements to conclude is not allowed.
(2) If a State or municipal Enterprise rental or lease purchase agreement expires before 31 December 2004, to extend the term of the contract is not allowed.
(3) If a State or municipal Enterprise rental or lease purchase contract expires to 2002 April 1, the term of the agreement to extend the time allowed, no longer as up to 31 December 2004. After this date to extend the term of the contract is not allowed.
(4) If a State or municipal Enterprise rental or lease purchase contract period according to the provisions of the contract shall expire after December 31, 2004, the contract shall terminate in 2004 December 31 or it pārjaunojam on the property lease or lease-purchase agreement in accordance with the provisions of the civil code.
27. article. State and municipal property privatisation of objects (1) If a State or local government property is privatised with the law "on State and municipal property privatisation of object" article 2, second paragraph, point 5 of that reorganization method, then: 1) the privatisation process may involve only by limited liability companies, joint stock companies and companies with additional responsibility;
2) reorganization to be carried out in accordance with the provisions of the commercial law;
3) in the process of privatization of the commercial record companies involved, before the Law referred to in article 343. decision on a reorganisation.
(2) If a State or local government property is privatised with the law "on State and municipal property privatisation of objects" in the third subparagraph of article 3, paragraph 5 of the privatisation process, then: 1) State or local businesses can transform just about a company with limited liability or joint stock companies, operating in accordance with the provisions of the commercial law;
2) State and local government business transformation happens the law "on State and local government business transformation of incorporated companies" in Chapter 2.
(3) if the State enterprise privatisation rules or local company privatisation project, which provides that incorporated companies are privatized, with the second part of this way of privatisation is approved until the date of entry into force of the commercial law, privatization, this can be done by applying the provisions of the law which was in force when the privatization or privatisation of provisions at the date of approval of the project if the company created as a result of privatisation, the company is registered in the register until the 2003 October 1.
(4) where public participation is provided up to the privatization of commercial law to the date of entry into force and the privatisation conditions to this object, which, in accordance with the law "on State and municipal property privatisation" of objects is governed by article 12, the Cabinet of Ministers, is intended for public limited-liability company reorganisation, this reorganization takes place according to the law "on business" and the law "on limited liability companies".
(5) If an agreement that was sold to a State or local privatizējam company is terminated, the company's operation is not restored, but on its base creates a corporation.
28. article. The maintenance of benefits companies with foreign investments (1) enterprises with foreign investments, which according to the law "on foreign investments in the Republic of Latvia" is eligible for the tax breaks, continue to use it under those provisions which were in force until the entry into force of the Law.
(2) referred to in the first subparagraph, the maximum use of benefits period is 31 December 2005.
Transitional provisions 1.2005 1 January shall lapse: 1) of the Act "On business" (Republic of Latvia Supreme Council and Government Informant, 1990, no. 42;/28.nr; 27, 1991, 1992, 1993, 22 3/23.nr.;./4, 12/13, 18/19, 20/21, 22/23.nr.; The Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1994, nr. 6, 14.; in 1995, 10, 24 no; 1996, no. 21; 1997, no. 13; in 1998, no 1; 2000, no. 10, no. 13);
2) law on partnerships "(Republic of Latvia Supreme Council and Government Informant, 1991, 11/12.nr.; The Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1996, no. 22);
3) the law on limited liability companies "(the Republic of Latvia Supreme Council and Government Informant, 1991, 9/10, 23; 1992, 22/23.nr./24.nr.; The Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1995, no. 3; 1996, no. 21; 1997, no. 13; 2000, no. 10; 2001, no. 14);
4) the law on limited liability companies "(the Republic of Latvia Supreme Council and Government Informant, 1993, 24/25.nr.; The Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1994, no. 17; 1995, nr. 3, 20; 1996, no. 21; 1997, no. 13; in 1998, No 7; 1999, no. 18; 2000, 2, 10.13. no; 2001, no. 14);

5) the law "on foreign investments in the Republic of Latvia (Republic of Latvia Supreme Council and Government Informant, 1991, no. 46;/11.nr.; 1993, 10. The Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1994, no. 13; 1995, no. 9; 1996, no. 19);
6) of the Act "on State and local government business transformation of incorporated companies" (Latvian Saeima and the Cabinet of Ministers rapporteur, 1996, no. 16; 2000, no. 2);
7) of the Act "On State and local capital management companies" (Latvian Saeima and the Cabinet of Ministers rapporteur, 1996, no. 16; 1997, no. 3, 22; 1998, no. 15, no. 1; 2001);
8) the law "On joint stock companies" (Latvian Saeima and the Cabinet of Ministers rapporteur, 1996, nr. 22; 2000, no. 10);
9) of the Act "on State Enterprise" (Republic of Latvia Supreme Council and Government Informant, 1992, 1993, 29/31.nr.;/23.nr.; 22. The Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1994, no. 17; in 1996, 1., no. 13; 2001, no. 14);
10) of the Act "on the municipal enterprise" (Republic of Latvia Supreme Council and Government Informant, 1991, 17/18.nr.; The Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1994, no. 3; 1996, no. 22);
11) of the Act "On State and local governments hire and rental companies in the redemption" (the Republic of Latvia Supreme Council and Government Informant, 1993, 8./9.nr.; The Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1996, no. 21);
12) the law "On agricultural companies and the fishermen of the privatisation of the labourer" (the Republic of Latvia Supreme Council and Government Informant, 1991, 1992, 31;/32.nr.; 1993, 39/40./41.nr. 5./6.nr.; The Saeima of the Republic of Latvia and the Cabinet of Ministers rapporteur, 1996, 1., no. 22; in 1998, no 1);
13) Bureau of the Supreme Council of 5 March 1992, the decision "on the State capital in specialized agricultural enterprises of approval" (the Republic of Latvia Supreme Council and Government Informant, 1992, no. 13);
14) Supreme Council Presidium on 12 august 1992, the decision "About the privatisation of fishermen labourer characteristics" (the Republic of Latvia Supreme Council and Government Informant, 1992, no. 35);
15) Supreme Council Presidium of 7 May 1992, the decision "Of the Republic of Latvia of 21 June 1991, the law" on agricultural companies and the privatisation of the labourer "fishermen article 19 application" (the Republic of Latvia Supreme Council and Government Informant, 1992, no. 22);
16) of the Bureau of the Supreme Council on 9 January 1992, the decision "Of the Republic of Latvia of 21 June 1991, the law" on agricultural companies and the privatisation of the labourer "fishermen individual application of the article" (the Republic of Latvia Supreme Council and Government Informant, 1992, no. 6);
17) of the Bureau of the Supreme Council of 3 December 1991 decision "About not privatizējam the specialized agricultural enterprises of the country approving of the list" (not published);
18) of the Bureau of the Supreme Council of 24 October 1991 decision "on the specialized State agricultural companies and the privatisation of this company features" (the Republic of Latvia Supreme Council and Government Informant, 1991, 45 no);
19) of the Bureau of the Supreme Council of 26 September 1991 on the decision of the Republic of Latvia of 21 June 1991, the law "on agricultural companies and the privatisation of the labourer" fishermen individual application of the article "(the Republic of Latvia Supreme Council and Government Informant, 1991, no. 41);
20) Supreme Council Presidium 9 May 1991 decision "for breeding, trial, scientific research, training and the separate list of specialised State farms approval" (not published);
21) of the Bureau of the Supreme Council of 11 February 1993 decision "for the Republic of Latvia of 21 June 1991, the law" on agricultural companies and the privatisation of the labourer "fishermen individual application of the article" (the Republic of Latvia Supreme Council and Government Informant, 1993, no. 8);
22) Bureau of the Supreme Council on 9 June 1993 the decision "on amendments to the Latvian Bureau of the Supreme Council of the Republic of 9 May 1991 decision" for breeding, trial, scientific research, training and the specialized public approval of the list of "holding" (Latvian journal, 1993, no. 45);
23) the Supreme Council of the Bureau 12 December 1991 decision "on the privatization of agricultural enterprises Commission" (not published);
24) Higher Council of 17 December 1991, the decision "on the procedures of the budget of the Republic of Latvia to the privatised agricultural and fishing enterprise labourer credits" (the Republic of Latvia Supreme Council and Government Informant, 1992, nr. 4).
2. the Cabinet of Ministers issued the rules on the law "on business" article 32, in force up to 31 December 2004, if it is not accepted in place of the new Cabinet of Ministers Regulations: 1) in the Cabinet of 31 October 1995, the provisions of no. 312 "Film distribution and public demonstration" (Latvian journal, 1995, nr. 172; 1996, 330. No.);
2) Cabinet of 16 July 1996 by Regulation No 261 "procedures are procured, implemented and exported ferrous and non-ferrous metal waste and scrap" (Latvia's journal, 1996, no. 123; 1998, 265. No.);
3) Cabinet of Ministers 3 December 1996 No. 444 of the rules "rules for the calculation of licence fee for power supply companies (the companies)" (Latvia's journal, 1996, nr. 211; 1998, 265./266.nr.);
4) the Cabinet of Ministers of 7 October 1997 of Regulation No 348 ' separate type of business licensing rules "(Latvian journal, 1997, 260-262,/335.nr.; 1998, 334.58.59.147.149., 289, 290,./367./368.nr.; 1999, 1, 64-65, 75-78, 167/168, 198./199.nr.; 2000, 109/110, 180-181, 307../309.nr.).
3. The Ministry of Justice is developing and to 2002 February 1, published in the newspaper "journal" corporation statutes, the statutes of the company registration in the commercial preparation.
4. the Cabinet of Ministers until 2002 December 31, 2004, develop and submit to the Parliament a draft law on associations and foundations, engaging, insolvency, State and local capital management Corporation, as well as develop and submit proposals for the necessary amendments to other laws.
The law shall enter into force on 1 January 2002.
The law adopted by Parliament in 2001 on December 20.
 
The President of the Parliament instead of the President j. stream in Riga, 2001 28 December Editorial Note: the law shall enter into force on January 1, 2002.