The owner of the undertaking shall take a decision regarding the reorganisation, the approval of the articles of association, as well as the appointment of the Board and the Board (if the council is provided for in the Within 15 days of the date of the decision on the reorganisation, the undertaking shall send written notice of reorganisation to all known creditors of the company.

The notification to creditors regarding the reorganisation shall also be published in the official publication 'Latvijas Vēstnesis'.

The notification shall specify:

• Company firm, registration number and legal address
• Firms, registration numbers and legal addresses of other companies involved in the reorganisation
• Type of reorganisation
• The fact that a decision on reorganisation has been taken
• Place of application for claims by creditors and a time limit which may not be less than one month from the date of publication of the notice