Exercise of the right of commercial pledge
2. Completing the registration form
The application on the commercial pledge e-service site https://komerckila.ur.gov.lv shall be signed by the commercial warlord.
Other information:
- The commercial pledge taker shall notify the commercial warlord in writing of his intention to use the commercial pledge right. The procedures for notification and the information to be included in the notification are specified in Section 42 of the Commercial Pledge Law.
- A commercial pledge taker shall submit an application to the Enterprise Register regarding the exercise of commercial pledge rights at the same time as the notification to the commercial pledge giver.