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Case No 2012-07-01
On Compliance of Section 179 (1) of Credit Institutions Law with Article 105 of the Satversme of the Republic of Latvia and Section 179 (2) of Credit Institutions Law with the First Sentence of Article 92 of the Satversme of the Republic of Latvia
Adjudicated
Santa Anča, Jevgēnija Dimpere, Ina Inkēna un Raimonds Pauls
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On Compliance of Section 179 (1) of Credit Institutions Law with Article 105 of the Satversme of the Republic of Latvia and Section 179 (2) of Credit Institutions Law with the First Sentence of Article 92 of the Satversme of the Republic of Latvia
Case short name: The Insolvency of a Credit InstitutionConstitutional Court held:
1) to recognise Section 179(1) of the Credit Institution Law as compatible with Article 105 of the Satversme of the Republic of Latvia;
2) to terminate legal proceedings in the part of the case regarding the compliance of Section 179(2) of the Credit Institution Law with the first sentence of Article 92 of the Satversme.
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The Norm of the Credit Institution Law on the Insolvency of a Credit Institution Complies with the Satversme
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The Constitutional Court decides not to suspended legal proceedings in the civil case regarding the JSC „Latvijas Krājbanka”
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The Constitutional Court initiated proceedings in the case on norms of the Credit Institutions Law regulating decision on the implementation of restoration of a credit institution