Guide to contract law and commercial agreements in Latvia

In Latvia, contractual arrangements and business activities are based on the law on contracts.  Firms functioning in the nation must comprehend the legal structure guiding agreements.  This thorough article gives a clear understanding of Latvian contractual law and business deals, including fundamental ideas, prerequisites, and crucial factors to take into account when establishing legally binding […]

Guide on the deletion of a Commercial Pledge (CP)

A commercial pledge is the right of pledge registered with the Enterprise Register under the Commercial Pledge Law. A pledge’s subject may be a tangible, or an intangible asset owned by a legal person, assets subject to registration, stocks, shares, and bonds. The subject of a pledge cannot be a ship, financial instruments in a […]

Everything you need to know about commercial pledge 

A commercial pledge allows a pledgor to retain possession of a pledged item. It does not presume that a securable claim exists and cannot be extinguished after a claim is terminated. Provisions of registered security over movables in the Law of Property Act may apply to this pledge unless otherwise stated. A solution to securing […]