The Recognition of the Interest of the Group in Latvian Group of Companies Law

Abstract The Latvian Group of Companies Law focuses on creditor and minority shareholder protection and is less concerned with pursuing the interest of the group. This research paper will look at the regulation of group of companies in Latvia. It will question whether the interest of the group is effectively recognised in the Latvian Group of Companies Law. The methodology used will be that of legal doctrinal and comparative research, legal theory method and reform agenda research. The research paper will conclude that creditor protection under Article 27, paragraph 5 of Group of Companies Law (Koncernu likums) is ineffective.