The Latvian Chamber of Commerce and Industry issues Force Majeure Statements. The starting price of the statements for members is EUR 120 + VAT; for non-members EUR 150 + VAT. Force marjeure statements final price vary depending on the amount of work hours used for every particular case.
Definition of Force Majeure: extraordinary and unavoidable circumstances blocking the execution of contractual obligations, due to which one co-contractor causes loss to another. In legal practice, Force Majeure is not a strictly defined term – it might be: war, revolution, strike, earthquake, etc.