The amendments to the Financial Market Law according to which the Parliament wants to increase the rights of company’s minority shareholders were adopted by the Parliament on 22 of June. The President later required the Parliament to reconsider the amendments. FICIL welcomes the decision by the President and stresses that the amendments were pushed through the Parliament in a rush, without reasonable explanation, risk assessment and opportunity to express the views of other stakeholders.

You can see the full FICIL press release in Latvian here.

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