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“High standards of professional work.” (IFLR1000, 2017)

05.09.2017

Kristīne Gaigule-Šāvēja: “Board Members Tread on Thin Ice”

Kristīne Gaigule-Šāvēja, Primus partner, gave an interview to the newspaper Dienas bizness dealing with responsibility of board members.

In Latvia, the bar for duties and responsibilities to be fulfilled by board members is constantly raised higher and higher, and now the board member is held liable for any action that is contrary to the laws and regulations; furthermore, in line with recent case law, a board member cannot hide behind the legal entity he represents and he can be held personally liable in case of his deliberate unlawful conduct.

Full text of the article in Latvian available here.