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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 offices are leading [...] providers of legal services in the Baltics and Belarus with offices in Riga, Vilnius, Tallinn, and Minsk. The team of over 190 lawyers renders comprehensive legal services on all aspects of business and commercial law to local, regional and international legal entities, including multinational enterprises, international banks and financial institutions.

The Latvian office of COBALT is one of the oldest business law firms in Latvia offering leading-edge legal solutions in all key areas of business law. The firm is regularly top ranked by all international legal directories across practice areas.

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

TEL: +371 6720 1800
EMAIL: riga@cobalt.legal
WEB: www.cobalt.legal