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The Saeima has adopted

and the President has proclaimed the following Law:

On the Involvement of Employees in a European Cooperative Society

Section 1. Terms Used in this Law

The following terms are used in this Law:

1) subsidiary cooperative society — a cooperative society under the decisive influence of the dominant cooperative society;

2) founder cooperative society — a cooperative society registered in Latvia directly participating in the establishment of a European Cooperative Society;

3) information — the informing of the representative committee of employees or the employees’ representatives regarding the matters which concern the European Cooperative Society and its subsidiary cooperative societies at a time, in a manner and amount as allows the employees’ representatives to get a notion of the possible consequences and, where necessary, to prepare for consultations with the representatives of the administrative bodies of the European Cooperative Society;

4) consultation — a dialogue and exchange of views between the representative committee of employees or the employees’ representatives and the administrative bodies of the European Cooperative Society at a time, in a manner and amount which allows the employees’ representatives in conformity with the information received to express their opinion regarding the measures intended by the administrative bodies of the European Cooperative Society, which opinion may be taken into account in the decision-making process of the cooperative society; and

5) participation — the influence of the representative committee of employees or the employees’ representatives on the affairs in the cooperative society, exercising the right to elect or appoint the members of the administrative bodies of the European Cooperative Society or the right to recommend the candidates for the members of such institutions or to oppose their appointment.

Section 2. Purpose of this Law

The purpose of this Law is to provide the involvement of the employees of European Cooperative Societies established in accordance with Council Regulation (EC) No 1435/2003 of 22 July 2003 on the Statute for a European Cooperative Society (SCE) (hereinafter — Regulation No 1435/2003) and the Law On European Cooperative Societies in the taking of decisions, as well as their information, consultation and participation in the European Cooperative Society.

Section 3. Duty of Conducting Negotiations

(1) Upon the development of a project for the establishment of a European Cooperative Society, the founder cooperative societies shall conduct negotiations with the employee representatives regarding the further involvement of the employees in the taking of decisions, as well as regarding the information, consultation and participation in the European Cooperative Society, and shall inform the employees’ representatives regarding the founder cooperative societies and subsidiary cooperative societies, the number of the employees of such cooperative societies and activities taking place in the founder cooperative societies in the field related to the involvement of employees in the taking of decisions.

(2) The negotiations referred to in Paragraph one of this Section shall be commenced without delay after the notification of the draft regulations of a merger of cooperative societies, the co-ordination of a project for the establishment of a subsidiary cooperative society or after the co-ordination of a project regarding the transformation of another legal person into a European Cooperative Society.

Section 4. Creation of the Special Negotiating Body

(1) For conducting negotiations, the special negotiating body representing the employees of the founder cooperative societies and subsidiary cooperative societies shall be created. The special negotiating body may include the representatives of trade unions irrespective of the fact whether they are the employees of the founder cooperative societies or subsidiary cooperative societies.

(2) The quantitative structure of the members of the special negotiating body shall be determined in proportion to the number of employees of the founder cooperative societies and subsidiary cooperative societies in each Member State.

(3) If in a Member State in which a founder cooperative society or subsidiary cooperative society has been registered 10% (or a smaller part of the employees if there are less than full 10%) of the total number of the employees employed in all Member States are employed, the employees of such state shall be represented by one employees’ representative.

(4) When calculating the number of employees, also those employees with whom a contract of employment for a definite period of time is concluded shall be taken into account.

(5) If the number of the employees of founder cooperative societies changes and this affects the composition of the special negotiating body, the composition of this body shall change accordingly.

(6) The special negotiating body shall be regarded as created when all its members are elected.

Section 5. Additional Representatives

(1) If a European Cooperative Society is established by way of a merger of cooperative societies, additional representatives from each Member State shall be included in the special negotiating body so that at least one member should represent each founder cooperative society, which in conformity with a project shall cease to exist as a separate legal person after the registration of the European Cooperative Society.

(2) The number of additional representatives may not exceed 20% of the number of the members of the special negotiating body elected in accordance with Section 4, Paragraph two of this Law.

(3) If the number of founder cooperative societies exceeds the number of additional seats in the special negotiating body, additional seats shall be allocated to the employees of such cooperative societies of different Member States as have more employees.

Section 6. Election of the Members of the Special Negotiating Body in Latvia

(1) The employees of a founder cooperative society or subsidiary cooperative society may decide that their interests in the special negotiating body shall be represented by the already existing employees’ representatives.

(2) If the decision referred to in Paragraph one of this Section is not taken, the employees shall elect new representatives in accordance with the procedures prescribed by this Law. A member of the special negotiating body shall be elected also if the number of the employees of a founder cooperative society or a subsidiary cooperative society is smaller than the number necessary for the election of the employees’ representatives.

(3) If the employees of a founder cooperative society or a subsidiary cooperative society are represented both by a trade union of the employees and the authorised employees’ representatives, such employees shall authorise their representatives to select the members of the special negotiating body who shall represent the founder cooperative society in proportion to the number of the employees represented but not less than one member for each society.

(4) At least one employees’ representative from each founder cooperative society and subsidiary cooperative society registered in Latvia shall be included in the special negotiating body. The number of members of the special negotiating body nominated from Latvia may not exceed the number of the representatives calculated for Latvia in accordance with Section 4 of this Law.

(5) If the number of founder cooperative societies registered in Latvia exceeds the number of the representatives calculated for Latvia for the inclusion in the special negotiating body, all the representatives of the founder cooperative societies shall agree regarding a joint representative of the employees in the special negotiating body. If such agreement is not reached, the employees employed in Latvia shall be represented by the representative of the founder cooperative society with the largest number of employees.

Section 7. Agreement on the Involvement of Employees in the Taking of Decisions

(1) The special negotiating body and the representatives of the administrative bodies of founder cooperative societies shall agree in writing regarding the involvement of employees in the taking of decisions, as well as information, consultation and participation in the European Cooperative Society. For the verification of the circumstances referred to in Article 11 (2) of Regulation No 1435/2003, the agreement regarding the involvement of the employees in the taking of decisions shall be submitted to the Register of Enterprises.

(2) The representatives of the administrative bodies of founder cooperative societies shall have a duty to inform the special negotiating body regarding a plan of establishing a European Cooperative Society and the process of the implementation of such plan until the moment of the registration of the European Cooperative Society.

Section 8. Taking of Decisions in the Special Negotiating Body

(1) The special negotiating body shall take decisions by a simple majority which conforms to the majority of all the employees of a European Cooperative Society at the moment of the election of the members of the special negotiating body or to the majority of the employees of the European Cooperative Society at the time of voting if at the time of voting (as compared to the moment of the election of the members of the special negotiating body) the number of the employees of founder cooperative societies has substantially changed.

(2) Each member of the special negotiating body shall have one vote in the taking of decisions.

Section 9. Reduction of Participation Rights

(1) The special negotiating body may take a decision regarding the reduction of participation rights if voted by at least two thirds of the members of the special negotiating body, who represent at least two thirds of the employees from at least two Member States of the European Cooperative Society.

(2) Participation rights shall be reduced if after the establishment of a European Cooperative Society the participation within the meaning of Section 1, Clause 5 of this Law is smaller than the highest proportion of participation in the participating cooperative societies.

(3) Provisions of Paragraph one of this Section shall be applied if a European Cooperative Society is established:

1) by a merger of founder cooperative societies and if participation rights had been provided for at least 25% of the total number of the employees of the founder cooperative societies; or

2) by any other means specified in Regulation No 1435/2003 and if participation rights had been provided for at least 50% of the total number of the employees of the founder cooperative societies.

Section 10. Invitation of Experts

The special negotiating body has the right to invite experts. Experts in an advisory status shall participate in the meetings of the special negotiating body and the representatives of the administrative bodies of founder cooperative societies.

Section 11. Decision Regarding the Application of Provisions of a Member State

(1) If at least two thirds of the members of the special negotiating body who represent at least two thirds of employees from at least two Member States of a European Cooperative Society vote for it, the special negotiating body may decide not to commence the negotiations referred to in Section 3, Paragraph one of this Law or to terminate the negotiations already commenced and decide that the provisions of the regulatory enactments that regulate information and consultation, which are in force in the relevant Member State of the European Cooperative Society, shall be applied.

(2) Taking of the decision referred to in Paragraph one of this Section shall suspend any measures, which are directed to entering into the agreement referred to in Section 7 of this Law. In such case also Sections 18, 19, 20 and 23 of this Law shall not be applied.

(3) Provisions of Paragraph one of this Section shall not be applied if a European Cooperative Society is established by way of transformation and there is participation in the cooperative society to be transformed.

Section 12. Reconvening of the Special Negotiating Body

(1) The special negotiating body shall be reconvened if this has been requested in writing by at least 10% of the employees of the European Cooperative Society and its subsidiary cooperative societies or their representatives, however, not sooner than 2 years after the taking of the decision referred to in Section 11 of this Law, unless the parties have agreed on shorter time periods.

(2) If the special negotiating body takes a decision to reopen negotiations with the representatives of administrative bodies, but no definite agreement is reached during these negotiations, Sections 18, 19, 20 and 23 of this Law shall not be applied.

Section 13. Expenditures

Expenditures related to the functioning of the special negotiating body and the conduction of negotiations shall be covered by the participating cooperative societies, providing the special negotiating body with appropriate conditions for the performance of its tasks.

Section 14. Content of the Agreement

(1) The representatives of the administrative bodies of founder cooperative societies and the special negotiating body shall negotiate in order to reach the agreement referred to in Section 7 of this Law regarding the measures to be performed in order to establish procedures by which employees are involved in the European Cooperative Society.

(2) The agreement between the representatives of the administrative bodies of founder cooperative societies and the special negotiating body shall include the following:

1) the scope of the agreement;

2) the composition, number of members and allocation of seats in the representative committee — the negotiation partner of the representatives of the administrative bodies of the European Cooperative Society (in connection with the agreement regarding the procedures by which the information and consultation of the employees of the European Cooperative Society and its subsidiary societies are performed);

3) the functions of the representative committee and procedures for the information of and consultations with it;

4) the frequency of meetings of the representative committee;

5) the financial and material resources to be allocated to the representative committee;

6) the measures for the establishment of one or several information and consultation mechanisms, if, during negotiations, the parties decide on the establishment of such a mechanism instead of the representative committee;

7) provisions for the implementation of participation rights, if, during negotiations, the parties decide regarding the participation rights of the employees, also regarding the number of the members of the administrative bodies of the European Cooperative Society that the employees are entitled to elect, appoint, recommend or oppose, and the procedures by which the employees may elect, appoint, recommend or oppose the referred to members, as well as their rights;

8) the date of entry into force of the agreement and the duration of the validity thereof, cases when the entering into the agreement should be renegotiated and the procedure for such renegotiations, including cases when structural changes take place in a European Cooperative Society and its subsidiary societies after the establishment of the European Cooperative Society; and

9) other information if the parties regard it as necessary.

(3) Sections 17, 18, 19, 20 and 23 of this Law do not apply to the agreement, unless the parties agree otherwise.

(4) If a European Cooperative Society is established by way of transformation, at least the same level of the involvement of employees as specified before shall be retained in the agreement regarding the involvement of employees.

(5) The agreement may specify the terms and conditions for the entitlement of employees to participate in the general meeting of the European Cooperative Society or in a meeting of another type, if any, in accordance with Section 22 of this Law and Article 59 (4) of Regulation No 1435/2003.

Section 15. Duration of Negotiations

(1) Negotiations shall be commenced immediately after the special negotiating body is established and shall continue for a period not exceeding 6 months.

(2) The parties may, by mutual agreement, extend the time period referred to in Paragraph one of this Section for a period of up to 1 year from the moment of establishment of the special negotiating body.

Section 16. Legislation Applicable to the Negotiation Procedure

Unless specified otherwise by this Law, the legislation of the Member State in which the legal address of the European Cooperative Society is registered shall be applied to the negotiation procedure specified in Sections 3-15 of this Law.

Section 17. Cases when Standard Rules Regarding the Involvement of Employees in the Taking of Decisions Apply

(1) The provisions of Sections 18, 19, 20, and 23 of this Law regarding the involvement of employees in the taking of decisions (hereinafter — standard rules) shall be applied if:

1) the parties so agree; or

2) the agreement between the parties has not been reached within the time period specified in Section 15 of this Law and the administrative institution of each founder cooperative society agrees to the application of standard rules, and the special negotiating body has not taken the decision provided in Section 11 of this Law.

(2) Paragraph one of this Section shall be applied if:

1) a European Cooperative Society is established by way of transformation and if the provisions regarding the participation in the administrative body are attributable to the cooperative society, which has been transformed into a European Cooperative Society;

2) a European Cooperative Society is established by way of a merger if there is participation in at least one of the founder cooperative societies and if participation rights are provided for at least 25% of the total number of the employees of the founder cooperative societies or if participation rights are provided for less than 25% of the total number of the employees of the founder cooperative societies and the special negotiating body takes a decision to apply standard rules; or

3) a European Cooperative Society is established by any other way specified in Regulation No 1435/2003, if there was participation in at least one of the founder cooperative societies and if participation rights were provided for at least 50% of the total number of the employees of the founder cooperative societies or if participation rights were provided for less than 50% of the total number of the employees of the founder cooperative societies and the special negotiating body takes a decision to apply standard rules.

(3) In order to verify the circumstances referred to in Article 11 (2) of Regulation No 1435/2003, in the case referred to in Paragraph one, Clause 1 of this Section, the agreement of the administrative body and the special negotiating body regarding the application of standard rules, but in the case referred to in Paragraph one, Clause 2 of this Section, confirmation of the performance of the referred to conditions shall be submitted to the Register of Enterprises.

Section 18. Determination of the Type of Participation

If there are different types of participation in founder cooperative societies, the special negotiating body shall decide which of the types of participation shall be implemented in the European Cooperative Society. The special negotiating body shall inform the administrative bodies of the founder cooperative societies regarding such decision. If such decision is not taken, such type of participation shall be implemented in the European Cooperative Society as exists in the founder cooperative society that has the largest number of employees.

Section 19. Establishment of the Representative Committee

(1) The representative committee shall include the employees of the European Cooperative Society and its subsidiary cooperative societies elected by the representatives of the employees but, in the absence thereof — by all the employees of the cooperative society in accordance with the procedures provided by the Labour Law observing the gender equality principle.

(2) If the representative committee is large enough, a select committee comprising not more than three members shall be elected from among its members.

(3) The quantitative structure of the members of the representative committee shall be determined in proportion to the number of the employees of founder cooperative societies and subsidiary cooperative societies in each Member State.

(4) If in a Member State in which a founder cooperative society or subsidiary cooperative society has been registered 10% (or a smaller part of the employees if there is less than full 10%) of the total number of the employees employed in all Member States are employed, the employees of such state shall be represented by one employees’ representative.

(5) Every 10% of employees from the total number of the employees employed in all Member States (or a smaller part of the employees if there are less than full 10%) shall be represented in the representative committee by one employees’ representative.

(6) The European Cooperative Society shall once a year inform the representative committee regarding the changes in the European Cooperative Society and its subsidiary cooperative societies if such changes affect the allocation of seats in the representative committee. In such case the composition of the representative committee shall be modified so that it would conform to the changes, which have occurred.

(7) The internal working regulations of the representative committee shall be included in the rules of procedure adopted by the representative committee.

(8) The representative committee shall inform the administrative bodies of the European Cooperative Society of its composition.

(9) The representative committee not later than 4 years after its establishment shall decide by a simple majority whether to open negotiations with the administrative bodies of the European Cooperative Society or to apply Sections 19, 22, 23, 24, and 25 of this Law also in future. If the representative committee decides to open negotiations regarding the entering into an agreement, it shall have the same rights and obligations as the special negotiating body. If after the opening of new negotiations no agreement is reached within the time period specified in Section 15 of this Law, Sections 20, 23, 24, 25, and 26 of this Law shall continue to be applied.

(10) The co-operation between the administrative bodies of the European Cooperative Society and the representative committee, as well as information of the administrative bodies of the European Cooperative Society and consultations with the employees’ representatives shall take place observing accordingly the mutual rights and obligations.

Section 20. Standard Rules for Information and Consultation

(1) The representative committee shall participate in the solving of issues related to the European Cooperative Society and its subsidiary cooperative societies, as well as in the solving of such issues as are not in the competence of the relevant administrative bodies of a Member State.

(2) Meetings of the representative committee and the representatives of the administrative bodies of the European Cooperative Society shall take place at least once a year. The purpose of such meetings shall be, on the basis of annual reports, to inform the representative committee and consult with it regarding the operation of the European Cooperative Society and further development.

(3) The representatives of the administrative bodies of the European Cooperative Society shall inform the local administrative bodies of the founder cooperative societies and their subsidiary cooperative societies regarding the meetings referred to in Paragraph two of this Section.

(4) The representatives of the administrative bodies of the European Cooperative Society shall prepare the agenda of the meeting and inform the representative committee thereof, as well as shall provide the members of the representative committee with all the copies submitted by the members of the cooperative.

(5) The following issues shall be examined in the meeting:

1) the structure, economic and financial situation of the European Cooperative Society;

2) the probable development of activities, production and sales;

3) the initiatives related to the corporate social responsibility;

4) the situation in the area of employment and its probable development;

5) investments (investment programmes);

6) substantial organisational changes;

7) the introduction of new working methods or production processes;

8) the transfer of the property or important parts thereof (also units) of the cooperative society to another location;

9) the re-organisation of cooperative societies (merger or division);

10) the liquidation of cooperative societies or the closure of units; and

11) collective redundancies.

(6) If other circumstances arise that essentially affect the interests of the employees, including the transfer of the property of a European Cooperative Society or important parts thereof (also units) to another location, the liquidation of a cooperative society or the closure of its units, collective redundancies, the administrative bodies of the European Cooperative Society shall in due time inform the representative committee thereof. In such case the representative committee has the right to request that a meeting with the representatives of the administrative bodies of the European Cooperative Society is organised with a view to acquire information and engage in consultations regarding the measures to be performed in the European Cooperative Society, which essentially affect the interests of the employees.

(7) If the representatives of the administrative bodies of the European Cooperative Society do not take into account the opinion provided by the representative committee, the representative committee has the right to request that additional meetings are organised with a view to reach an agreement. If a meeting with the select committee is being organised, the members of the representative committee, who represent the employees directly affected by the relevant measures, are also entitled to participate therein. Such meetings shall not affect the powers of the administrative bodies of the European Cooperative Society.

(8) The appointment of the Chairperson of the meeting referred to in Paragraph six of this Section, upon mutual agreement, shall be decided by the representatives of the administrative bodies of the European Cooperative Society and the members of the representative committee.

(9) Prior to any meeting with the representatives of the administrative bodies of the European Cooperative Society, the members of the representative committee are entitled to meet each other without the participation of the representatives of the administrative bodies of the European Cooperative Society.

(10) The representative committee shall inform the employees’ representatives of the European Cooperative Society and its subsidiary cooperative societies regarding the process of information and consultation.

(11) Where necessary, the representative committee shall use expert assistance.

(12) The members of the representative committee have the right to a paid study leave in order to acquire knowledge that is necessary to perform the duties of the members of the representative committee.

(13) Costs related to the operation of the representative committee, also to the election of its members, organising of negotiations (premises, materials, staff, and interpretation), business trips of the members of the committee (travelling and accommodation expenses), as well as the invitation of one expert shall be covered by the European Cooperative Society.

Section 21. Special Provisions

(1) In the case of a European Cooperative Society established exclusively by natural persons or by a single legal person and natural persons, which together employ at least 50 employees in at least two Member States, the provisions of Sections 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, and 18 of this Law shall be applied.

(2) In the case of a European Cooperative Society established exclusively by natural persons or by a single legal person and natural persons, which together employ less than 50 employees or employ at least 50 employees in at least one Member State, procedures for the involvement of employees shall be determined in accordance with the regulatory enactments regarding cooperative societies of the Member State, in which the legal address of the relevant cooperative society is registered, but to the subsidiary societies and companies of the European Cooperative Society the provisions that in the respective Member State are applied to other legal persons of the same type shall be applied.

(3) If the legal address of a European Cooperative Society is changed from one Member State to another Member State, at least the previously determined level of the involvement of employees shall be retained in the agreement regarding the involvement of employees.

(4) If a European Cooperative Society is established in accordance with Paragraph two of this Section and the total number of the employees of the European Cooperative Society and its subsidiary cooperative societies is more than 50 in at least two Member States or if at least one third of the employees of the European Cooperative Society and its subsidiary societies in at least two Member States request in writing to enter into a new agreement in order to establish other information and consultation procedures, a new special negotiating body shall be established in accordance with Section 4 of this Law and the provisions of Sections 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, and 18 of this Law shall be applied.

Section 22. Participation of the Employees of the European Cooperative Society in the General Meeting

In accordance with the limitations specified in Article 59 (4) of Regulation No 1435/2003, the employees of a European Cooperative Society or their representatives shall participate, with the right to vote, in the general meeting or a meeting of another type (if such exists) in the following cases:

1) the relevant decision of the parties has been recorded in the text of the agreement referred to in Section 7 of this Law;

2) a cooperative governed by such system is transformed into a European Cooperative Society; or

3) a European Cooperative Society has been established by means other than transformation and the right to vote of the employees in the general meeting of the cooperative society is specified in the founder cooperative society, but the interested parties cannot reach the agreement specified in Section 7 of this Law within the period provided for by Section 15 of this Law. In such case the provisions of Sections 17 and 23 of this Law shall be applied observing the highest proportion of participation that existed in the cooperative societies before the registration of the European Cooperative Society.

Section 23. Standard Rules for Participation

(1) If a European Cooperative Society is established by way of transformation and participation rules are attributable to the founder cooperative society before the transformation, such participation rules shall also continue to be fully applied after the registration of the European Cooperative Society.

(2) In other cases of the establishment of a European Cooperative Society, the employees of the European Cooperative Society and its subsidiary cooperative societies or the representative committee have the right to elect or appoint the members of the administrative bodies of the European Cooperative Society or to recommend the candidates for the members of such bodies, or to oppose their appointment. Participation in a European Cooperative Society shall conform to the highest proportion of participation, which existed in the respective founder cooperative societies prior to the registration of the European Cooperative Society.

(3) If prior to the registration of a European Cooperative Society none of the founder cooperative societies is governed by participation rules, then participation rules need not be implemented in the European Cooperative Society.

(4) The representative committee shall decide on the allocation of seats within the administrative bodies of the European Cooperative Society among the members of the representative committee according to the proportion of the employees of the European Cooperative Society in each Member State or on the way in which the employees of the European Cooperative Society may recommend the candidates for the members of the administrative bodies of the European Cooperative Society or oppose their appointment.

(5) As far as possible it shall be ensured that the representatives of the employees of each Member State — particularly the Member State where the European Cooperative Society is registered — are included in the composition of the administrative bodies of the European Cooperative Society.

(6) Every member of the administrative body of a European Cooperative Society, who has been elected, appointed or recommended by the representative committee or the employees, shall be a full member of the administrative body of the European Cooperative Society and shall have the same rights (also the right to vote) and obligations as the members of the administrative bodies of the European Cooperative Society, who represent the members of the cooperative.

Section 24. Commercial Confidentiality

(1) The members of the special negotiating body or representative committee and employees’ representatives, as well as experts and interpreters who provide them with their services, may not disclose to third persons the acquired information, which is of commercial confidentiality.

(2) The prohibition specified in Paragraph one of this Section in respect of the disclosure of information of commercial confidentiality to third persons shall be in force irrespective of whether the relevant person performs or has completed the performance of his or her duties.

(3) The administrative body of a European Cooperative Society may refuse to provide information, the disclosure or use of which, having regard to its character and objective reasons, may cause substantial harm or losses to the European Cooperative Society and its subsidiary cooperative societies.

(4) If the administrative entity of a European Cooperative Society or a participating cooperative society requests the observance of confidentiality or does not provide the relevant information, the employees’ representatives have the right to ask for the revision of such decisions and apply to a court. In the time period when the revision or judicial review of the referred to decision takes place, the information shall be regarded as confidential.

Section 25. Rights and Duties of the Members of the Special Negotiating Body, the Members of the Representative Committee and the Employees’ Representatives

(1) The same rights and obligations as specified for the employees’ representatives in the Labour Law shall be applied to the members of the special negotiating body, the members of the representative committee and the employees’ representatives during the performance of the duties of information and consultation.

(2) The members of the special negotiating body, the members of the representative committee and the employees’ representatives shall be granted a leave so as to enable them to perform the duties of information and consultation, retaining the average remuneration for this period of time.

(3) In respect of the members of the special negotiating body, the members of the representative committee and the employees’ representatives the parties may agree on more favourable terms than provided for by this Section.

Section 26. Liability for the Failure to Comply with this Law

For non-compliance with this Law, persons shall be subject to the liability specified by the law.

Informative Reference to European Union Directive

This Law contains legal provisions arising from Council Directive 2003/72/EC of 22 July 2003 supplementing the Statute for a European Cooperative Society with regard to the involvement of employees.

This Law has been adopted by the Saeima on 2 November 2006.

President

V. Vīķe-Freiberga

Rīga, 15 November 2006