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

04.09.2018

Separation of shareholders with a court’s decision

On September 4, 2018 in the newspaper “Dienas Bizness” an article has been published by partner Mārtiņš Mežinskis on the shareholder disputes of limited liability companies (LLC).

A new, lawful, yet not fully uncovered option provided by the Commercial Law is starting to outline regarding the separation of the shareholders of a limited liability company (LLC).

Such separation of the shareholders of a limited liability company by the latest praxis is considered a breach of shareholder loyalty by causing substantial harm to the reputation of the company. There is a risk that this process for a while could be “accompanied” by information on reiderism.

Electronic version of the article in Latvian available here.

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