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LATVIAN CHAMBER OF COMMERCE AND INDUSTRY ISSUES FORCE MAJEURE CERTIFICATES

LATVIAN CHAMBER OF COMMERCE AND INDUSTRY ISSUES FORCE MAJEURE CERTIFICATES

The Latvian Chamber of Commerce and Industry issues Force Majeure Certificates. 

Force majeure definition: extraordinary inevitable circumstances, due to which contractual commitments cannot be performed resulting in losses inflicted by one party to the other. In legal practice, the concept of force majeure is not strictly defined, and can include: wars, revolutions, strikes, earthquakes etc.

Regarding the issue of force majeure statements:

A certificate is issued based on a written application, which includes a well-reasoned justification in a free form based on evidence at the disposal of the applicant regarding the fact of setting in of force majeure circumstances, stating the time period (must have the beginning, and the end, if known at the time of application), as well as the reasons why there are grounds to believe that force majeure circumstances have set in, due to which the specific contractual commitments cannot be fulfilled.

In order to ensure swift progress, the application can be sent by e-mail and an original copy submitted later on.

The application must be accompanied by all those pieces of evidence that prove the impact of force majeure circumstances on specific commitments that you will not be able to fulfil, as well as a certified copy of the contract (or a document confirming commitments), within the framework of which it is asked to acknowledge the setting in of these force majeure circumstances.

The fee for a certificate is established taking into account the invested working hours that are required to prepare a document. An hourly rate for members is EUR 120 + VAT, but for companies that are not LTRK members, the rate is EUR 150 + VAT. The minimum fee is EUR 120 + VAT.

A request to issue a Force Majeure Certificate must be sent to the e-mail address Raimonds.Abolins@chamber.lv or info@chamber.lv