Insolvency and Liquidation

  • Liquidation of AS VEF Bank
  • We represent clients throughout the Baltics on insolvency and liquidation (both solvent and insolvent) with legal support to administrators (trustees in bankruptcy), creditors and debtors. We have served as advisors to chambers of commerce on insolvency law reform in Latvia. We have particular insolvency and liquidation experience in banking, retail, production and transport industries.


    • Liquidation of a major hardware retailer SIA Profs.
    • Liquidation of energy company.
    • Serving as insolvency administrator of numerous company and personal insolvency matters involving complicated debtor and creditor arrangements.


  • Drafting petitions for voluntary insolvency or compulsory insolvency.
  • Representation of creditor’s interests, inter alia, in cases of liquidation or insolvency of Latvian commercial banks.
  • Preparing individual proposals to creditors and creditor compromises.
  • Providing advice on a range of insolvency and liquidation related matters.
  • Advising debtors on responsibilities in insolvency process.
  • Acting as liquidator and performing related services.
  • Representation in court.
Contacts related to the field

Valters Kronbergs

Partner, Sworn-in advocate Read more

Vineta Čukste–Jurjeva

Partner, Sworn-in advocate / Certified personal data officer, CAMS  Read more

Normunds Orols

Senior Associate Read more

Reinis Papulis

Senior Associate / Certified Personal Data Officer Read more

Aleksandrs Kuznecovs

Associate Read more

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