We re-affirm our commitment to the values that AmCham stands for and that we share.
Kārlis Danēvičs, Board member, Head of Credits and Risk at SEB Banka
In 2013 AmCham Latvia and its partners conducted a survey about the insolvency system in Latvia. A similar survey was conducted in preparation for Outlook on October 15, 2015, with combined responses of the members of the American, Latvian, Norwegian Chambers of Commerce and Foreign Investors Council in Latvia.
187 respondents participated in an anonymous survey conducted by organizers this year (138 participated in 2013).
Main conclusions are as follows:
Two additional questions were included in this year's survey for AmCham, NCCL and FICIL members:
Respondents suggested several improvements of the insolvency system such as prosecution of corrupt administrators, introducing sharp control function, full replacement of all insolvency administrators, and reforming the whole Insolvency system. Many respondents admitted the legislation has been amended, but overall improvement has not been achieved. Enforcement and application of law remains among the main challenges.The presentation with the results are available here.
AmCham is a 'must-join' organization for any company of scope or international ambition.
Karlis Cerbulis, Senior Vice President of NCH Advisors, Inc.