Latvian-Canadian footwear jv goes bust

5 November 2003




Unconfirmed reports from Riga say that a court in Latvia declared the local VentTopaz Latvian-Canadian footwear joint venture insolvent in early October, according to Baltic Business News. The company's liabilities far exceed their assets. VentTopaz started operation in 2000. Reports indicate that VentTopaz shareholders decided to liquidate the company as long ago as last January.



Privacy Policy
We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.