Veidlapa Nr. M-3 (8)

Course Description Status: Approved

Course Description Version: 25/26.R.1.00

Description Period: 2025./26 academic year rudens semestris

Study Course Accepted: -

Study Course Description

Insolvency Law

Main Study Course Information

Course Code
JF_087
Branch of Science
Law; State's Rights
ECTS
3.00
Target Audience
Juridical Science
LQF
Level 6
Study Type And Form
Full-Time; Part-Time

Study Course Implementer

Course Supervisor
Valdis Savickis
Structure Unit Manager
Ieva Puzo
Structural Unit
Faculty of Social Sciences
Contacts

Dzirciema street 16, Rīga, szf@rsu.lv

About Study Course

Objective

Introduce students to the historical origin of insolvency law, the specific nature of insolvency law; clarify the nature of insolvency law, the purpose and basic functions of the legal framework; acquaint with laws and regulations of the EU and the Republic of Latvia and their practical application. An insight into current case law will be given during the course. The planned changes in the sectoral policy and legal framework will also be addressed during the course.

Preliminary Knowledge

Administrative Law, Administrative Procedure, Introduction to Civil Law, Commercial Law.

Learning Outcomes

Knowledge

1.On completion of the study course students will have acquired knowledge of the insolvency proceedings for a natural person and a legal entity, of legal protection process and of legal regulation of insolvency.

Skills

1.On completion of the study course students will be able to identify the signs of insolvency of a natural and legal person and draw up procedural documents in the field of insolvency.

Competences

1.On completion of the study course students will analyse insolvency cases, apply the regulatory framework, identify natural and legal persons in the insolvency proceedings and understand the procedural time limits.

Assessment

Individual work

Title
% from total grade
Grade
1.

Individual work
-
-
Preparing individual written assignments according to the topics given at the beginning of the course; independent study of the specified legal literature and case law materials. In order to evaluate the quality of the study course as a whole, the student must fill out the study course evaluation questionnaire on the Student Portal.

Examination

Title
% from total grade
Grade
1.

Examination
-
-
Examination: 50%; independent work: 20%; activity during classes: 30%.

Study Course Theme Plan

FULL-TIME
Part 1

  1. Lecture

Modality
Location
Contact hours
On site
Auditorium
2

Topics

The purpose of the Insolvency Law, its scope and special features of application of the provisions of the Insolvency Law. The concept of the insolvency proceedings, operational concepts. Principles.

  1. Lecture

Modality
Location
Contact hours
On site
Auditorium
2

Topics

A person supervising the legal protection proceedings, his or her appointment, duties, liability, termination of duties. Administrator of the Insolvency Proceedings (Administrator) Requirements and restrictions for the Administrator. Appointment and dismissal of the Administrator. General rules for the operation of the Administrator. Professional organisation of administrators. Disciplinary liability of persons supervising the legal protection proceedings and of the Administrator.

  1. Lecture

Modality
Location
Contact hours
On site
Auditorium
2

Topics

Insolvency Control Service. Insolvency Register.

  1. Lecture

Modality
Location
Contact hours
On site
Auditorium
2

Topics

Out-of-court legal protection proceedings, legal protection proceedings and insolvency proceedings, their nature. Subjects and characteristics of the insolvency proceedings of a legal entity. An application for the insolvency proceedings from the creditor. An application for the insolvency proceedings from the debtor. The deposit for the insolvency proceedings. Restrictions on the behaviour of the debtor and the creditor in the insolvency proceedings.

  1. Lecture

Modality
Location
Contact hours
On site
Auditorium
2

Topics

Out-of-court legal protection proceedings, legal protection proceedings and insolvency proceedings, their nature. Subjects and characteristics of the insolvency proceedings of a legal entity. An application for the insolvency proceedings from the creditor. An application for the insolvency proceedings from the debtor. The deposit for the insolvency proceedings. Restrictions on the behaviour of the debtor and the creditor in the insolvency proceedings.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Auditorium
2

Topics

Out-of-court legal protection proceedings, legal protection proceedings and insolvency proceedings, their nature. Subjects and characteristics of the insolvency proceedings of a legal entity. An application for the insolvency proceedings from the creditor. An application for the insolvency proceedings from the debtor. The deposit for the insolvency proceedings. Restrictions on the behaviour of the debtor and the creditor in the insolvency proceedings.

  1. Lecture

Modality
Location
Contact hours
On site
Auditorium
2

Topics

Creditors’ claims. Creditors, their types. Register of creditors. Creditors’ meeting, its competence. The debtor’s property and its management. Sale of the debtor’s property. Report on the absence of the debtor’s property. A plan for the sale of the debtor’s property. Property to be auctioned. Challenging the deals.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Auditorium
2

Topics

Creditors’ claims. Creditors, their types. Register of creditors. Creditors’ meeting, its competence. The debtor’s property and its management. Sale of the debtor’s property. Report on the absence of the debtor’s property. A plan for the sale of the debtor’s property. Property to be auctioned. Challenging the deals.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Auditorium
2

Topics

Creditors’ claims. Creditors, their types. Register of creditors. Creditors’ meeting, its competence. The debtor’s property and its management. Sale of the debtor’s property. Report on the absence of the debtor’s property. A plan for the sale of the debtor’s property. Property to be auctioned. Challenging the deals.

  1. Lecture

Modality
Location
Contact hours
On site
Auditorium
2

Topics

Completion and termination of contracts. Sale of the debtor’s property. Report on the absence of the debtor’s property. A plan for the sale of the debtor’s property.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Auditorium
2

Topics

Completion and termination of contracts. Sale of the debtor’s property. Report on the absence of the debtor’s property. A plan for the sale of the debtor’s property.

  1. Lecture

Modality
Location
Contact hours
On site
Auditorium
2

Topics

The insolvency proceedings of a natural person, its subjects, basic conditions, characteristics and pre-conditions. Bankruptcy procedure, its progress. Procedure for discharge of liabilities, its progress. A plan for discharge of liabilities.

  1. Lecture

Modality
Location
Contact hours
On site
Auditorium
2

Topics

The insolvency proceedings of a natural person, its subjects, basic conditions, characteristics and pre-conditions. Bankruptcy procedure, its progress. Procedure for discharge of liabilities, its progress. A plan for discharge of liabilities.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Auditorium
2

Topics

The insolvency proceedings of a natural person, its subjects, basic conditions, characteristics and pre-conditions. Bankruptcy procedure, its progress. Procedure for discharge of liabilities, its progress. A plan for discharge of liabilities.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Auditorium
2

Topics

The insolvency proceedings of a natural person, its subjects, basic conditions, characteristics and pre-conditions. Bankruptcy procedure, its progress. Procedure for discharge of liabilities, its progress. A plan for discharge of liabilities.

  1. Lecture

Modality
Location
Contact hours
On site
Auditorium
2

Topics

Costs of the insolvency proceedings. Law applicable to the insolvency proceedings of credit institutions and insurance companies.
Total ECTS (Creditpoints):
3.00
Contact hours:
32 Academic Hours
Final Examination:
Exam (Written)
PART-TIME
Part 1

  1. Lecture

Modality
Location
Contact hours
On site
Auditorium
2

Topics

Out-of-court legal protection proceedings, legal protection proceedings and insolvency proceedings, their nature. Subjects and characteristics of the insolvency proceedings of a legal entity. An application for the insolvency proceedings from the creditor. An application for the insolvency proceedings from the debtor. The deposit for the insolvency proceedings. Restrictions on the behaviour of the debtor and the creditor in the insolvency proceedings.

  1. Lecture

Modality
Location
Contact hours
On site
Auditorium
2

Topics

The insolvency proceedings of a natural person, its subjects, basic conditions, characteristics and pre-conditions. Bankruptcy procedure, its progress. Procedure for discharge of liabilities, its progress. A plan for discharge of liabilities.

  1. Class/Seminar

Modality
Location
Contact hours
On site
Auditorium
2

Topics

The insolvency proceedings of a natural person, its subjects, basic conditions, characteristics and pre-conditions. Bankruptcy procedure, its progress. Procedure for discharge of liabilities, its progress. A plan for discharge of liabilities.

  1. Lecture

Modality
Location
Contact hours
On site
Auditorium
2

Topics

Costs of the insolvency proceedings. Law applicable to the insolvency proceedings of credit institutions and insurance companies.
Total ECTS (Creditpoints):
3.00
Contact hours:
10 Academic Hours
Final Examination:
Exam (Written)

Bibliography

Required Reading

1.

Maksātnespējas likums: Latvijas Republikas likums. 26.07.2010. Latvijas Vēstnesis. 124.

2.

Bērziņš, G. 2018. Fiziskas personas maksātnespējas process. Rīga: Tiesu namu aģentūra.

3.

United Nations Commission on International Trade Law. Legislative Guide on Insolvency Law. New York: United Nations, 2005. (Maksātnespējas tiesību aktu rokasgrāmata)

4.

Eiropas Parlamenta un Padomes Regula (ES) Nr. 2015/848. 20.05.2015. par maksātnespējas procedūrām (OV L 160, 30.6.2000., 1./18. lpp.).

5.

Eiropas Parlamenta un Padomes Direktīva (ES) 2019/1023 (20.06.2019.) par preventīvās pārstrukturēšanas regulējumu, parādsaistību dzēšanu un diskvalifikāciju un ar pārstrukturēšanu, maksātnespēju un parādsaistību dzēšanu saistīto procedūru efektivitātes palielināšanas pasākumiem un ar ko groza Direktīvu (ES) 2017/1132 (Direktīva par pārstrukturēšanu un maksātnespēju) (Dokuments attiecas uz EEZ.) )OV L 172, 26.6.2019., 18./55. lpp).

Additional Reading

1.

UNCITRAL Legislative Guide on Insolvency Law (Parts one and two, 25 June 2004; part three, 1 July 2010; part four, 18 July 2013, July 2019 (2nd. ed.); part five, 2021.)

2.

McGaughey, E. 2022. Principles of Enterprise Law: The Economic Constitution and Human Rights (Law in Context). Cambridge: Cambridge University Press.

3.

Bork, R..,2020. Corporate insolvency law a comparative textbook Reinhard Bork. Cambridge Intersentia.

4.

Wood, Philip R., 2019. Principles of International Insolvency. Third edition. London Sweet & MaxwellThomson Reuters.

5.

Finch, V., & Milman, D. 2017. Corporate Insolvency Law: Perspectives and Principles (3rd ed.). Cambridge: Cambridge University Press.

6.

Maksātnespējas politikas attīstības pamatnostādnes 2016.–2020. gadam un to īstenošanas plāns.

Other Information Sources

1.

LR TIESĪBU AKTI

2.

LR Augstākā tiesa Judikatūras nolēmumu arhīvs

3.

LV portāls

4.

Latvijas Republikas oficiālais izdevums "Latvijas Vēstnesis"

5.

Maksātnespējas kontroles dienesta oficiāla interneta vietne.