Browsing by Author "Savickis, Valdis"

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    Fast and efficient insolvency process as one of the preconditions of an outstanding business environment
    (2020) Savickis, Valdis; Dinsberga, Jolanta; Vilka, L.; Vike, J.; Rīga Stradiņš University
    To date, in the articles and publications on the insolvency process, the primary objective of the insolvency process was emphasized – to balance the protection of legal interests of entrepreneurs and their creditors. The author's article, focusing on the basic principles of the insolvency of legal entities, aims at analyzing and examining the link of applicable principles of insolvency processes to preconditions for outstanding business environment. Focus of the topic indirectly addresses the potential of the regions and human capital. Methods applied in the study: 1) general scientific – analytical, descriptive, inductive and deductive; 2) interpretation of legal norms – grammatical, systematic and teleological. Materials, used in the study are political planning documents, documents of international institutions, normative acts, scientific and law literature, and dictionaries. Issues covered in the study: impact of the insolvency proceedings on preconditions for outstanding business environment and the role of the human capital; potential of the regions. Authors, resulting from the study, made the following conclusions: reforms of the insolvency law sphere have formally reached the primary goals, set out in the government level documents, however linkage with higher-level policy planning documents has remained in the second plan during reform process.
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    Insolvency Proceedings in Post-Pandemic Period, Through the Governance Sustainability Prism
    (2024-06-02) Savickis, Valdis; Faculty of Social Sciences
    Nevertheless, COVID-19 Pandemic situation calm down in Latvia and in whole world, diffracted, common legal order and procedural norms came back in so called “normal functioning”. Authors aim is to examine the legal regime in post-pandemic period and conclude the impact of specific legal regulation on the procedural and material legal norms. The study uses analytical and descriptive methods, evaluating normative acts and political decisions. Comparative method is used to compare the scope of legal instruments of national level, in the sphere of civil procedures and insolvency proceedings. Historical method is used to compare and analyze legal norms. As a result of the study, author concluded, that: 1) scope of applicable legal instruments used during the emergency situation there not even prolonged, but remained unchanged in legal norms of the special normative acts, regulating suppression of consequences of the spread and management of the spread of COVID-19 Infection; 2) state, in order to reach governance sustainability aims, invented digital and technological solutions, in order to reach the improvement of the economic situation of society and to promote the stability of the national economy.
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    Insolvency Proceedings in Post-Pandemic Period, Through the Governance Sustainability Prism
    (2023-09) Savickis, Valdis; Rīga Stradiņš University
    Nether the less, COVID-19 Pandemic situation calm down in Latvia and in whole world, diffracted, common legal order and procedural norms came back in so called “normal functioning”. Authors aim is to examine the legal regime in post-pandemic period and conclude the impact of specific legal regulation on the procedural and material legal norms. The study uses analytical and descriptive methods, evaluating normative acts and political decisions. Comparative method is used to compare the scope of legal instruments of national level, in the sphere civil procedures un insolvency proceedings. Historical method is used to compare and analyze legal norms. As a result of the study, author concluded, that: 1) scope of applicable legal instruments used during the emergency situation there not even prolonged, but remained unchanged in legal norms of the special normative acts, regulating suppression of consequences of the spread and management of the spread of COVID-19 Infection; 2) state, in order to reach governance sustainability aims, invented digital and technological solutions, in order to reach the improvement of the economic situation of society and to promote the stability of the national economy. Keywords: insolvency proceedings, civil procedures, business environment, governance sustainability, legal entities.
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    Maksātnespējas process Covid-19 pandēmijas ēnā
    (Rīga Stradiņš University, 2021) Savickis, Valdis; Zvērināta advokāta J. Avotiņa birojs, Rīga, Latvija
    The author has set two main objectives researching the topic concerning the influence of the COVID-19 pandemic to the insolvency proceedings; the first one being identification how the scope of prohibitions and restrictions impact insolvency proceedings (in particular – legal entities), while the second concerns determining legal and financial instruments that have been implemented on national level, influencing solvency and insolvency proceedings policy during the emergency period. Using analytical and descriptive methods, normative acts and political planning documents have been studied. The historical method provides insight into evolution and development of regulatory frameworks. The comparative method has been applied by comparing the scope of legal and financial instruments on national level in the sphere of management and suppression of consequences of the spread of COVID-19 infection. Conducting the research, the author has aimed to establish specifics of crisis management legislation on both executive and parliamentary powers levels, and relationships with the specific legal framework in the field of insolvency proceedings. State, declaring the emergency state, invented scope of prohibitions and restrictions on the one hand, and promoted targeted financial and legal assistance on the other. The extent of bargaining was balanced with support mechanisms also in the sphere of insolvency of legal entities, highlighting clear and predictable insolvency policy. Targeted restrictions on prohibitions for creditors for submission of an application for insolvency proceedings of a legal person were synchronised with both periods of declaration of the emergency state. A more precise and extended regulation concerning submission of an application for insolvency proceedings of a legal person were invented after the second period of emergency state lasting until 1 March 2021. Scope of legal and financial instruments, invented on both pandemic periods (Year 2020 Fall and Autumn), in majority of cases were of the same nature, but with a different perspective of implementation and availability. In this particular segment of support mechanisms are evolutionary, inventing more flexible and accessible instruments of pandemic recovery funds.