Happy Latvian national festival Ligo! We wish you good luck, health and love!

Love is to the heart what the summer is to the farmer’s year – it brings to harvest all the loveliest flowers of the soul.

Summer is a perfect time for travelling, and many parents are eager to please their children with a trip abroad. Accordingly, parents are wondering what documents are necessary for the child when travelling abroad. Of course, we all know that a passport is necessary as it is the most important document, however, there rises another question – is a power of attorney needed and what kind exactly – this causes a lot of doubts among parents.

Taking into account the continued relevance of the topic and a number of changes in the legislation we would like once again to discuss the responsibility of members of the board.

The responsibility of members of the board before the company begins from the moment of their election to the position, i.e. after the relevant decision of the shareholders has been made and a written consent of the member of the board to accept the position has been given. Accordingly, the liability ends the moment when the member of the board is removed from the position by the decision of the participants or their resignation from the position.