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Liability of the members of the Board of Directors

Liability issues for the company members of the Management Board have become increasingly apparent over the past decade. The Latvian legal framework provides for a particularly low level of behaviour for which the members of the Management Board may be held jointly and severally liable. In practice, administrative and criminal responsibility is increasingly applied to the company management. The knowledge and experience accumulated in the long term by our experts enable us to effectively defend both the interests of companies in their claims against the Management Board having committed irregularities and the rights of the members of the Management Board themselves in the cases where they are accused of failing to discharge in a proper manner their duties of the members of the Management Board.