Latvian Structure

Limited Liability Company

In a Latvian Limited Liability Company (in Latvian: “sabiedrība ar ierobežotu atbildību”) 2 organizational structures exist pursuant to the Latvian Commercial Law:

  1.  An Executive Board (in Latvian: “Valde”) only.
  2. An Executive Board and a Supervisory Board (in Latvian: “Padome”).

Joint Stock Company

In a Latvian Joint Stock Company (in Latvian: “akciju sabiedrība”) 1 organizational structures exist pursuant to the Latvian Commercial Law:

  1. An Executive Board and a Supervisory Board.

Please see, respectively, “Executive Board” and "Supervisory Board" in the left side menu for a more in-depth description of each structure, including how to change the respective board members.

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COBALT has provided all input about changing board members in Latvia.

COBALT is the new closely integrated legal services alliance formed by Raidla Lejins & Norcous offices in Lithuania and Latvia, LAWIN office in Estonia and a newly established law office in Belarus. COBALT is a recognized legal advisor in domestic and cross-border acquisitions, disposals, mergers, de-mergers, private equity and venture capital investments, joint ventures, shareholder buyouts, LBOs and MBOs, share buybacks.

For more information about COBALT and changing board members in Latvia, please use the below contacts:

TEL: +371 6724 0689
EMAIL: riga@cobalt.legal
WEB: www.cobalt.legal