Sabiedrības prasību celšana: Komerclikuma intepretācijas jautājumi

According to the Commercial Law of Latvia, Article 172, a limited company may bring an action against the founders, members of the board of directors or council, or the auditor, on the basis of a decision taken by a meeting of shareholders. Under certain conditions, minority shareholders who jointly represent not less than one twentieth of the equity capital may bring such an action in a court without the intermediation of the institution which, in accordance with the law, has the right to bring an action in the name of the company. Thus, a lawsuit on behalf of a company is of consequence with regard to upholding minority shareholders’ rights. This article includes a number of topical issues important to the lawsuits on behalf of a company, e. g. the legal nature of company’s lawsuit, defendants against whom these actions can be brought, legal preconditions of such lawsuits, liablity for unjustified lawsuits.