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177 LAW OF THE LATVIAN REPUBLIC "ON FOREIGN INVEST- MENTS IN THE LATVIAN REPUBLIC"* Ved. Lat. Respubliki 1991 No.46 item 490 The goal of the present Law shall be to promote foreign investments in the Latvian Republic and to provide for the observance of the interests of the Latvian Republic. Terminology Used in the Law Foreign investors - legal persons registered in foreign states and natur- al persons who invest property to engage in entrepreneurial activities in the Latvian Republic. Foreign investments - convertible currency of foreign investors desig- nated for engaging in entrepreneurial activity in the Latvian Republic as well as assets or intellectual property of foreign investors valued in convertible currency transferred from foreign states. The conversion of convertible currency shall be made at the rate of exchange established by the Bank of Latvia as of the date of engaging in the operation. Enterprises with foreign investors - newly-established or existing en- terprises (entrepreneurial societies), in which foreign investment is made. Control of foreign investors over an enterprise - the right that a for- eign investor has to determine the scope and nature of the business of an enterprise by way of a deciding vote or
Review of Central and East European Law – Brill
Published: Jan 1, 1992
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