.
Insolvency Law
Study Course Description
Course Description Statuss:Approved
Course Description Version:9.00
Study Course Accepted:02.02.2024 12:30:05
| Study Course Information | |||||||||
| Course Code: | JF_087 | LQF level: | Level 6 | ||||||
| Credit Points: | 2.00 | ECTS: | 3.00 | ||||||
| Branch of Science: | Law; State's Rights | Target Audience: | Juridical Science | ||||||
| Study Course Supervisor | |||||||||
| Course Supervisor: | Valdis Savickis | ||||||||
| Study Course Implementer | |||||||||
| Structural Unit: | Faculty of Social Sciences | ||||||||
| The Head of Structural Unit: | |||||||||
| Contacts: | Dzirciema street 16, Rīga, szf rsu[pnkts]lv | ||||||||
| Study Course Planning | |||||||||
| Full-Time - Semester No.1 | |||||||||
| Lectures (count) | 10 | Lecture Length (academic hours) | 2 | Total Contact Hours of Lectures | 20 | ||||
| Classes (count) | 6 | Class Length (academic hours) | 2 | Total Contact Hours of Classes | 12 | ||||
| Total Contact Hours | 32 | ||||||||
| Part-Time - Semester No.1 | |||||||||
| Lectures (count) | 4 | Lecture Length (academic hours) | 2 | Total Contact Hours of Lectures | 8 | ||||
| Classes (count) | 1 | Class Length (academic hours) | 2 | Total Contact Hours of Classes | 2 | ||||
| Total Contact Hours | 10 | ||||||||
| Study course description | |||||||||
| Preliminary Knowledge: | Administrative Law, Administrative Procedure, Introduction to Civil Law, Commercial Law. | ||||||||
| 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. | ||||||||
| Topic Layout (Full-Time) | |||||||||
| No. | Topic | Type of Implementation | Number | Venue | |||||
| 1 | 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. | Lectures | 1.00 | auditorium | |||||
| 2 | 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. | Lectures | 1.00 | auditorium | |||||
| 3 | Insolvency Control Service. Insolvency Register. | Lectures | 1.00 | auditorium | |||||
| 4 | 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. | Lectures | 2.00 | auditorium | |||||
| Classes | 1.00 | auditorium | |||||||
| 5 | 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. | Lectures | 1.00 | auditorium | |||||
| Classes | 2.00 | auditorium | |||||||
| 6 | 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. | Lectures | 1.00 | auditorium | |||||
| Classes | 1.00 | auditorium | |||||||
| 7 | 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. | Lectures | 2.00 | auditorium | |||||
| Classes | 2.00 | auditorium | |||||||
| 8 | Costs of the insolvency proceedings. Law applicable to the insolvency proceedings of credit institutions and insurance companies. | Lectures | 1.00 | auditorium | |||||
| Topic Layout (Part-Time) | |||||||||
| No. | Topic | Type of Implementation | Number | Venue | |||||
| 1 | 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. | Lectures | 0.25 | auditorium | |||||
| 2 | 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. | Lectures | 0.25 | auditorium | |||||
| 3 | Insolvency Control Service. Insolvency Register. | Lectures | 0.25 | auditorium | |||||
| 4 | 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. | Lectures | 1.00 | auditorium | |||||
| 5 | 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. | Lectures | 0.25 | auditorium | |||||
| 7 | 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. | Lectures | 1.00 | auditorium | |||||
| Classes | 1.00 | auditorium | |||||||
| 8 | Costs of the insolvency proceedings. Law applicable to the insolvency proceedings of credit institutions and insurance companies. | Lectures | 1.00 | auditorium | |||||
| Assessment | |||||||||
| Unaided 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. | ||||||||
| Assessment Criteria: | Examination: 50%; independent work: 20%; activity during classes: 30%. | ||||||||
| Final Examination (Full-Time): | Exam (Written) | ||||||||
| Final Examination (Part-Time): | Exam (Written) | ||||||||
| Learning Outcomes | |||||||||
| Knowledge: | 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: | 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. | ||||||||
| Competencies: | 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. | ||||||||
| Bibliography | |||||||||
| No. | Reference | ||||||||
| 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. | ||||||||
