In connection with:
- the beginning of the self-liquidation process of ABLV Bank, AS;
- the entry into force of amendments to the Law on the Prevention of Money Laundering and Terrorism Financing, according to which banks are obliged to cease business with shell companies from July 9, 2018;
- frequent cases when certain Latvian banks suspend transactions with client assets or refuse to execute client orders.
Law Office INLAT PLUS is ready to provide its clients with a number of the following services aimed at protecting their interests in relations with banks:
- preparation and filing of a creditor’s claim in the process of self-liquidation of ABLV Bank, AS, as well as other application and claims to other banks;
- representation of the client’s interests in the process of self-liquidation of ABLV Bank, AS, as well as in relations with other banks;
- legal assistance in the withdrawal of client’s assets, which banks have qualified as “shell companies” and with whom they are obliged to terminate cooperation under the law, assistance in opening bank accounts for such companies in other banks outside of Latvia;
- legal assistance in the withdrawal of client’s assets with whom banks terminate cooperation on their own initiative;
- analysis of the eligibility of the actions of individual banks for refusing to perform transactions with client assets and “freezing” client’s assets, relevant consultations;
- involving the Financial and Capital Market Commission in disputes with banks, drawing up of complaints and applications;
- filing lawsuits against banks to recover damages, returning unlawfully withheld amounts, representing client’s interests in court.
Recent News
