The risk for shareholders of the company in case of rebuttable presumption of death occurred in Latvia

Abstract

This work was carried out to identify such an unlikely risk for companies as rebutted presumption of death in Latvia. Unfortunately, the law of this country is too young to face such cases in practice, for which an analysis was conducted with a law that is much older than the Latvian law, namely, English law. Moreover, a brief analysis of the two legal families in which these two countries are located was carried out in order to understand exactly how the law of one and the second country is applied. This work is important because it helps to look at the risk to companies, which most likely few people think about, and in fact it can happen to any employee in any company. This situation is very rare, and the practice is too young to analyze it, however, the probability of such a risk already suggests that it should be taken into account