A commercial pledge is a pledge which is publicly registered with the Register of Commercial Pledges in the manner prescribed under Latvian law by the Law On Commercial Pledges. The object of a commercial pledge can be any movable material or non-material object owned by the company, or indeed the company's entire assets. This type of pledge is widely used in trading, especially when businesses take bank loans.

Our staff will prepare registration, renewal, amendment and deletion of all documents necessary for commercial pledges and submit these to the Register of Enterprises.

Irrespective of if the property is owned by a natural or legal person, commercial pledges can comprise: aircraft and land transport vehicles and trailers, smaller marine vessels, state- registered animals and flocks/ herds of farm animals and the enterprise as a whole, including capital, shares, closed emission shares and closed emission bonds.

Advocates: Marina Dombrovska, Sandra Rimsa, Eduards Vaisla