For a successful debt restructuring a concordant will of the creditor and the debtor is highly relevant

During the last month KLOTINI SERGIS has successfully represented the interests of several clients in a major debt restructuring with one of the largest Scandinavian banks in Latvia. Such debt restructuring, in relation to several legal proceedings, provides a great opportunity for businesses facing financial difficulties to continue their business activities and successfully survive economically difficult times. It is important to note that for the creditor and the debtor, when agreeing on a common restructuring model and solution in a pursuit of their individual objectives, the parties’ concordant will and interest to settle their contractual relationships in a proper manner, preserving trust and confidentiality, play a significant role.

Legal assistance to the clients in regard to debt restructuring was provided by the attorney at law PETERIS SERGIS.

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January 27, 2017

Managing partner Ivo Klotiņš takes part in the EUROPEAN LAW FIRM General Meeting in Zürich

From 26 to 28 January of 2017 the members of European Law Firm (ELF) braved sub-zero temperatures to meet in the beautiful city of Zürich to discuss network matters and strengthen links between members. The General Meeting was organized by ELF’...

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December 20, 2016

The Court of Appeals confirms the significance of trust in employment

After more than two years of litigation on behalf of an international client the Court of Appeals has confirmed the termination of employment as justified. In its ruling the court has highlighted the significance of trust between an employee and a...

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December 5, 2016

KLOTINI SERGIS successfully represents clients in disputes over the division of a joint property of spouses

KLOTINI SERGIS successfully pursued representation of the clients’ interests in two cases regarding the division of a joint property of spouses and the recognition of ownership rights. Upon examination of arguments and evidence provided by the a...

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November 15, 2016

KLOTINI SERGIS managing partner Ivo Klotins in an interview to Daily Business on reforms of the administrative offences

On 15 November 2016. KLOTINI SERGIS managing partner, an arbitrator at the Court of Arbitration of the Latvian Chamber of Commerce and Industry and a board member of European Law Firm (E.L.F.) Ivo Klotins in an...

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November 2, 2016

KLOTINI SERGIS managing partner Ivo Klotins in an interview to the daily Diena “An agreement is more beneficial than a time-consuming and costly litigation”

KLOTINI SERGIS managing partner, an arbitrator at the Court of Arbitration of the Latvian Chamber of Commerce and Industry and a board member of European Law Firm Ivo Klotins in an interview to the daily Diena explains why the commercial ...

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September 30, 2016

Managing partner Ivo Klotiņš elected the board member of EUROPEAN LAW FIRM

Just now during the European Law Firm (ELF) general meeting, taking place from 29 September until 2 October 2016 in Dublin, our managing partner Ivo Klotiņš has been elected as the member of the Executive Board of ELF. The Executive boar...