Before taking a decision, the merchant shall publish a statement in the official publication 'Latvijas Vēstnesis', where all known creditors are informed in writing of their intention to suspend the operation. After the announcement has been published, the attendee meeting or participant shall take a decision on the suspension.
The notification shall specify:
- the firm, registration number and legal address of the merchant;
- the place of application of creditors' claims and the time limit, which may not be less than one month from the date of publication of the notice.