BOARD MEMBERS LIABILITY IN CASE OF INSOLVENCY OF A COMMERCIAL ENTERPRISE
##plugins.themes.bootstrap3.article.main##
##plugins.themes.bootstrap3.article.sidebar##
Published:
Dec 2, 2021
Abstract
The article is devoted to the topical problem, which is related to a board member responsibility in case of commercial insolvency. The current article reviews and analyzes the aspects of board members liability arising due to insolvency, as stipulated in the Commercial Law, Insolvency Law and Criminal Law. The legal aspects of the Board members liability for loss infl icted on society or creditors as resulting from their actions are reviewed and evaluated in the article. The article also summarizes and assesses the actual case law that has developed since 2015.
How to Cite
Jurisone, L., & Cvetkova, I. (2021). BOARD MEMBERS LIABILITY IN CASE OF INSOLVENCY OF A COMMERCIAL ENTERPRISE. Baltic Journal of Legal and Social Sciences, (1), 41-48. Retrieved from http://www.baltijapublishing.lv/index.php/bjlss/article/view/1350
##plugins.themes.bootstrap3.article.details##
References
1. Novicane E. The board member discharge. Jurista v rds //Lawyers word// Februar 21,.2017, No.8 un Februar 28,.2017, No.9.
2. Business Register suggests dropping a provision that requires the registration of the company housing the owners consent. http:// nancenet.tvnet.lv/ nansu_zinas/589010-ur_iesaka_atcelt_normu_ka_ rmas_registresanai_nepieciesama_majokla_ipasnieka_piekrisana
3. Commercial Law // Law of the Republic of Latvia.// Latvijas V stnesis, May 04, 2000, No.158/160
4. Insolvency Law // Law of the Republic of Latvia // Latvijas V stnesis August 06, 2010., No.124
5. Januar 15, 2014. Judgement of the Civil Case Departament of the Senate of the supreme Court of the Repuplic of Latvia in case No SKC-101/2014. // at.gov.lv/lv/judikatura/judikaturas-nolemumu-arhivs/senata-civillietudepartaments/hronologiska- seciba_1/2014/
6. Juny 17, 2016. Judgement of the Civil Case Departament of the Senate of the supreme Court of the Repuplic of Latvia in case No 7/2016 // at.gov.lv/lv/judikatura/judikaturas-nolemumu-arhivs/senata-civillietudepartaments/klasi kators-n/komerctiesibas-judikatura/valdes-locekla-atbildiba/
7. Februar 08, 2012. Judgement of the Civil Case Departament of the Senate of the supreme Court of the Repuplic of Latvia in case No // at.gov.lv/lv/judikatura/judikaturas-nolemumu-arhivs/senata-civillietu-departaments/klasi kators-n/komerctiesibas-judikatura/valdes-locekla-atbildiba/
8. Baums T. Rersonal Liabilities of Company Directors ir German Law. // http://www.jura.uni-frankfurt.de/ifawz1/baums/Bilder_und_Daten/Arbeitspapiere/a0696.pdf
9. Tax and Fees // Law of the Republic of Latvia // Latvijas V stnesis, Februar 18, 1996, No 26
10. November 15, 2016.Constitutional Court No 2015-25-01// https://likumi.lv/ta/id/286612-par-likuma-parnodokliem-umn-nodevam-60-61-un-62-panta-atbilstibu-latvijas-republikas-satversmes-91-panta-pirm
11. Mart 14, 2014. Judgement of the Civil Case Departament of the Senate of the supreme Court of the Repuplic of Latvia in case No C27172910 (SKC-0128-14) le:///c:/Users/User/Downloards/Anomizets_nolemums_151578.pdf
12. September 30, 2016. Judgement of the Civil Case Departament of the Senate of the supreme Court of the Repuplic of Latvia in case No SKC-297/2016. // at.gov.lv/lv/judikaturas-nolemumu-arhivs/senata-civillietudepartaments/klasi kators/maksatnespejas-lietas/
13. August 30, 2016. Judgement of the Civil Case Departament of the Senate of the supreme Court of the Repuplic of Latvia in case No 115/2016
14. November 2, 2016. Riga Regional Court case No C29648215. // le:///c:/Users/User/Downloards/Anomizets_nolemums_293918.pdf
15. 2013/2014 Judical practice of trade dispute and recovery of damages from the insolvency reprentutive withim // Latvian Republic supreme Court // at.gov.lv/lv/judikatura/tiesu-prakses-apkopojumi/civiltiesibas/
16. October 26,2016. . Riga Regional Court case No C30607015 (Not published)
17. September 14, 2016. Riga Regional Court case No CA-3481-16/24 (Not published)
18. Juny 21, 2013. Judgement of the Civil Case Departament of the Senate of the supreme Court of the Repuplic of Latvia in case No 2020/2013 // at.gov.lv/lv/judikaturas-nolemumu-arhivs/senata-civillietu-departaments/klasi kators/maksatnespejas-lietas/
19.. Criminal Law.// Law of the Republic of Latvia.// Latvijas V stnesis July 07, 1998, No 199/200
20. May 29, 2009. Estonian Supreme Court case No 3-1-1-63-09 // www.riigikavus.ee//?lang=eu
2. Business Register suggests dropping a provision that requires the registration of the company housing the owners consent. http:// nancenet.tvnet.lv/ nansu_zinas/589010-ur_iesaka_atcelt_normu_ka_ rmas_registresanai_nepieciesama_majokla_ipasnieka_piekrisana
3. Commercial Law // Law of the Republic of Latvia.// Latvijas V stnesis, May 04, 2000, No.158/160
4. Insolvency Law // Law of the Republic of Latvia // Latvijas V stnesis August 06, 2010., No.124
5. Januar 15, 2014. Judgement of the Civil Case Departament of the Senate of the supreme Court of the Repuplic of Latvia in case No SKC-101/2014. // at.gov.lv/lv/judikatura/judikaturas-nolemumu-arhivs/senata-civillietudepartaments/hronologiska- seciba_1/2014/
6. Juny 17, 2016. Judgement of the Civil Case Departament of the Senate of the supreme Court of the Repuplic of Latvia in case No 7/2016 // at.gov.lv/lv/judikatura/judikaturas-nolemumu-arhivs/senata-civillietudepartaments/klasi kators-n/komerctiesibas-judikatura/valdes-locekla-atbildiba/
7. Februar 08, 2012. Judgement of the Civil Case Departament of the Senate of the supreme Court of the Repuplic of Latvia in case No // at.gov.lv/lv/judikatura/judikaturas-nolemumu-arhivs/senata-civillietu-departaments/klasi kators-n/komerctiesibas-judikatura/valdes-locekla-atbildiba/
8. Baums T. Rersonal Liabilities of Company Directors ir German Law. // http://www.jura.uni-frankfurt.de/ifawz1/baums/Bilder_und_Daten/Arbeitspapiere/a0696.pdf
9. Tax and Fees // Law of the Republic of Latvia // Latvijas V stnesis, Februar 18, 1996, No 26
10. November 15, 2016.Constitutional Court No 2015-25-01// https://likumi.lv/ta/id/286612-par-likuma-parnodokliem-umn-nodevam-60-61-un-62-panta-atbilstibu-latvijas-republikas-satversmes-91-panta-pirm
11. Mart 14, 2014. Judgement of the Civil Case Departament of the Senate of the supreme Court of the Repuplic of Latvia in case No C27172910 (SKC-0128-14) le:///c:/Users/User/Downloards/Anomizets_nolemums_151578.pdf
12. September 30, 2016. Judgement of the Civil Case Departament of the Senate of the supreme Court of the Repuplic of Latvia in case No SKC-297/2016. // at.gov.lv/lv/judikaturas-nolemumu-arhivs/senata-civillietudepartaments/klasi kators/maksatnespejas-lietas/
13. August 30, 2016. Judgement of the Civil Case Departament of the Senate of the supreme Court of the Repuplic of Latvia in case No 115/2016
14. November 2, 2016. Riga Regional Court case No C29648215. // le:///c:/Users/User/Downloards/Anomizets_nolemums_293918.pdf
15. 2013/2014 Judical practice of trade dispute and recovery of damages from the insolvency reprentutive withim // Latvian Republic supreme Court // at.gov.lv/lv/judikatura/tiesu-prakses-apkopojumi/civiltiesibas/
16. October 26,2016. . Riga Regional Court case No C30607015 (Not published)
17. September 14, 2016. Riga Regional Court case No CA-3481-16/24 (Not published)
18. Juny 21, 2013. Judgement of the Civil Case Departament of the Senate of the supreme Court of the Repuplic of Latvia in case No 2020/2013 // at.gov.lv/lv/judikaturas-nolemumu-arhivs/senata-civillietu-departaments/klasi kators/maksatnespejas-lietas/
19.. Criminal Law.// Law of the Republic of Latvia.// Latvijas V stnesis July 07, 1998, No 199/200
20. May 29, 2009. Estonian Supreme Court case No 3-1-1-63-09 // www.riigikavus.ee//?lang=eu