{"id":18295,"date":"2025-08-05T12:19:41","date_gmt":"2025-08-05T09:19:41","guid":{"rendered":"https:\/\/corvusfirm.com\/?p=18295"},"modified":"2025-08-15T14:55:15","modified_gmt":"2025-08-15T11:55:15","slug":"corvus-enterprise-register","status":"publish","type":"post","link":"https:\/\/corvusfirm.com\/en\/corvus-enterprise-register\/","title":{"rendered":"Corvus | Enterprise Register"},"content":{"rendered":"\n    <section id=\"news-content-block_a288cfc8f574724cc683aaea0cee99a2\" class=\"news-content js-news-content container-small\">\n        <header class=\"news-content__header\">\n            <h1 class=\"news-content__header-title h1 js-fade-in\">\n                Corvus | Enbterprise Register             <\/h1>\n            <div class=\"news-content__header-details js-fade-in\">\n                <p class=\"news-content__header-info\">\n                    <span class=\"news-content__header-category\">News<\/span>\n                    <span class=\"news-content__header-divider\"><\/span>\n                    <span class=\"news-content__header-date\">5 August 2025<\/span>\n                <\/p>\n                <p class=\"news-content__header-author\">Author: Corvus <\/p>\n                                    <a href=\"https:\/\/corvusfirm.com\/en\/jaunumi-en\/\"\n                       class=\"news-content__back-link\">All news<\/a>\n                            <\/div>\n        <\/header>\n        <aside class=\"news-content__sidebar js-fade-in\">\n            <p>Share:<\/p>\n            <a href=\"https:\/\/www.facebook.com\/sharer\/sharer.php?u=https%3A%2F%2Fcorvusfirm.com%2Fen%2Fcorvus-enterprise-register%2F\"\n               aria-label=\"Share to: Facebook\" class=\"news-content__sidebar-fb\"\n               target=\"_blank\"><\/a>\n            <a href=\"https:\/\/twitter.com\/intent\/tweet?url=https%3A%2F%2Fcorvusfirm.com%2Fen%2Fcorvus-enterprise-register%2F&#038;text=\"\n               class=\"news-content__sidebar-twitter\" aria-label=\"Share to: Twitter\"\n               target=\"_blank\"><\/a>\n            <a href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&#038;url=https%3A%2F%2Fcorvusfirm.com%2Fen%2Fcorvus-enterprise-register%2F\"\n               class=\"news-content__sidebar-linkedin\" aria-label=\"Share to: Twitter\"\n               target=\"_blank\"><\/a>\n        <\/aside>\n        <main class=\"news-content__main js-fade-in\">\n            <h5>A Victory for the Shareholder Autonomy: The Latvian Enterprise register changes its practice following our client\u2019s case &#8211; and issues a formal apology<\/h5>\n<p>Through principled legal argumentation and consistent advocacy for our client\u2019s rights, the CORVUS Vanags Legal team has achieved a significant shift in public administration practice: the Latvian Enterprise register (ER) will no longer assess the substance of share class rights in LLC (SIA) articles of association, provided they do not clearly conflict with mandatory legal norms.<\/p>\n<p>\ud83e\udde0 This matter was developed and argued by our team members &#8211; sworn attorney-at-law <a href=\"https:\/\/corvusfirm.com\/en\/team\/andrejs-voroncovs\/\">Andrejs Voroncovs<\/a>, assistant to attorney-at-law <a href=\"https:\/\/corvusfirm.com\/en\/team\/agnese-gudele-krongorne\/\">Agnese Gudele-Krongorne<\/a> and the associate lawyer<a href=\"https:\/\/corvusfirm.com\/en\/team\/julija-aleksejeva\/\"> J\u016blija Aleksejeva<\/a>, whose combined efforts were instrumental in securing this outcome.<\/p>\n<p>\u2757 The case that triggered this change:<br \/>\nThe ER had refused to register a provision in the articles of association concerning the redemption of employee shares at nominal value, relying on an unjustified analogy with Article 255 of the Latvian Commercial Law &#8211; a rule that applies exclusively to personnel shares in joint-stock companies.<\/p>\n<p>\ud83d\udccd Our Legal Position:<br \/>\n\u2714\ufe0f The Commercial Law contains no specific regulation on the transferability or buy-back of personnel shares in LLCs, meaning the matter has been deliberately left to the discretion of the shareholders.<br \/>\n\u2714\ufe0f Applying legal analogy in such a case is not only incorrect but also unlawful when it restricts property rights protected under Article 105 of the Latvian Constitution;<br \/>\n\u2714\ufe0fThe contractual mechanism to redeem employee shares at nominal value is not prohibited by law and is fully aligned with the principle of shareholder autonomy;<br \/>\n\u2714\ufe0f Legal theory clearly recognises that exceptions in law may not be extended by analogy, as this distorts the internal coherence of the legal system.<\/p>\n<p>\ud83d\udce3 Outcome:<br \/>\n\u2705 The unlawful administrative act was revoked;<br \/>\n\u2705 The client\u2019s articles were fully registered;<br \/>\n\u2705 The Company Register revised its long-standing practice, officially acknowledging the error and adopting a new interpretive approach.<\/p>\n<p>\ud83d\udcc5 Importantly, on 21 July 2025, the ER issued a formal apology, recognising that its prior reliance on legal interpretation through analogy was legally unfounded and had resulted in unjustified delays, costs, and the need for litigation.<\/p>\n<p>\ud83d\udd17 Official statement by the Enterprise register (26 June 2025) available <a href=\"https:\/\/www.ur.gov.lv\/lv\/jaunumi\/aktualitates\/uznemumu-registrs-maina-praksi-un-turpmak-vairs-nevertes-statutu-noteikumus-par-dalu-akciju-kategoriju-tiesibu-apjomu\/\">here<\/a>.<\/p>\n<p>\ud83d\udca1 This case illustrates that precise, constitutionally sound legal reasoning can not only reverse unlawful administrative acts but also reshape institutional practice, strengthening entrepreneurs\u2019 ability to design capital structures freely within the framework of private law.<\/p>\n<p>\ud83c\udfaf Legal protection is not just a formality &#8211; it is a systemic responsibility.<\/p>\n        <\/main>\n        <footer class=\"news-content__footer js-fade-in\">\n            <hr>\n                            <a href=\"https:\/\/corvusfirm.com\/en\/jaunumi-en\/\"\n                   class=\"news-content__back-link\">All news<\/a>\n                    <\/footer>\n    <\/section>\n\n<script>window.dispatchEvent( new Event('acf\/loaded\/news-content'));<\/script>","protected":false},"excerpt":{"rendered":"","protected":false},"author":2,"featured_media":18343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39],"tags":[],"class_list":["post-18295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/corvusfirm.com\/en\/wp-json\/wp\/v2\/posts\/18295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corvusfirm.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corvusfirm.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corvusfirm.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/corvusfirm.com\/en\/wp-json\/wp\/v2\/comments?post=18295"}],"version-history":[{"count":5,"href":"https:\/\/corvusfirm.com\/en\/wp-json\/wp\/v2\/posts\/18295\/revisions"}],"predecessor-version":[{"id":18595,"href":"https:\/\/corvusfirm.com\/en\/wp-json\/wp\/v2\/posts\/18295\/revisions\/18595"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corvusfirm.com\/en\/wp-json\/wp\/v2\/media\/18343"}],"wp:attachment":[{"href":"https:\/\/corvusfirm.com\/en\/wp-json\/wp\/v2\/media?parent=18295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corvusfirm.com\/en\/wp-json\/wp\/v2\/categories?post=18295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corvusfirm.com\/en\/wp-json\/wp\/v2\/tags?post=18295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}