On 21.01.2004 amendments were adopted to the Law On the Employee Protection in Case of the Employer's Insolvency (Par darbinieku aizsardz¥bu darba devïja maksÇtnespïjas gad¥jumÇ). The amendments are mostly related to various insolvency aspects, for instance, the provision for satisfying an employee's claim has been supplemented by stating that satisfied are only those claims that have been included in the list of claims of approved unsecured creditors passed by the meeting of creditors.
The legal status of an employee has been adversely changed also in other provisions, for example, before the amendments the severance benefit was granted at the minimum amount only if the contract or collective agreement failed to provide for a higher amount, while now with the amendments in force, in all cases only the minimum severance fee amount is granted.
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