Constitutional Court satisfies the request to stay the enforcement of court’s decision

Upon application of SIA “Hipotēku bankas nekustamā īpašuma aģentūra” to the Constitutional Court, the case “On Compliance of Article 495 (1) of the Civil Procedure Law with the first sentence in Article 92 of the Satversme of the Republic of Latvia” was initiated. Considering the circumstances of the case SIA “Hipotēku bankas nekustamā īpašuma aģentūra” turned to the Constitutional Court with a request to stay the enforcement of Riga City Vidzeme District Court judge’s decision on issuance of the writ of execution. Decision on issuance of the writ of execution was delivered for compulsory execution of the decision of arbitration which cannot be appealed and is in force – on the basis of this decision the writ of execution was issued.

Constitutional Court on 19 June 2014 satisfied the request of SIA “Hipotēku bankas nekustamā īpašuma aģentūra” and stayed the enforcement of Riga City Vidzeme District Court judge’s decision on issuance of the writ of execution until Constitutional Court’s decision comes into force.

COBALT is representing the interests of SIA “Hipotēku bankas nekustamā īpašuma aģentūra” in the Constitutional Court.