Ownership test · Swiss ownership and control
No designated holder found where the chain could be followed; it breaks at 1 point
About Ārvalsts komersanta UAB "Valiente" filiāle Latvijā, assessed under LV number 40203286467.
First said on 17 Sept 2026, and replaced on 18 Sept 2026. A daily run that reaches the same verdict on the same holdings, listings and breaks confirms it. When anything it rests on changes, a new verdict begins at a new address.
- After it, from 18 Sept 2026 and still current: “No designated holder found where the chain could be followed; it breaks at 1 point”
The words can stay the same across two verdicts: a verdict is replaced when a holding, a listing, a break or the signed rule table changes, even where its words do not.
What it says
No party listed under this regime was found on the part of the chain that could be followed. The chain breaks at 1 point, and past a break nothing is known.
- Designated share
- None found
- Threshold
- 50% or more
- Chain
- Breaks at 1 point
- Nearest designated party
- The company is itself designated.Found across every list on file, not only those this rule counts.
Notes
- Natural-person holders are compared with designated persons by name only. A match is reported and never counted, because the registers publish no identifier that could confirm it.
The chain
Holdings the result passes through
None: no holding carries a designated party's share down to the company.
Holdings read
The registers read state no holdings for the chain.
Listed parties in the chain
Ārvalsts komersanta UAB "Valiente" filiāle Latvijā (LV 40203286467) the company itself
- Not countedLatvia FID frozen assets register
Asset freeze under Latvia, Līdzekļu iesaldēšana — Līdzekļi, kapitāldaļas, nekustamais īpašums
Listed as Ārvalsts komersanta UAB "Valiente" filiāle Latvijā
Not counted: this regime's ownership rule has not been read here.
Where the chain breaks
The chain could not be followed past 1 point, and past a break nothing is known. An answer about the chain covers only the part before them.
- No holders published: 1
No holders published at the company itself
Latvia Enterprise Register (members) holds no shareholder rows for this company. Neither Baltic register publishes the shareholders of a joint-stock company, so this is not evidence that it has none.
What it rested on
Lists this rule reads
Switzerland SECO Sanctions List
Read on 16 Sept 2026; dated 4 Sept 2026 by the publisher.
Shareholder registers
Latvia Enterprise Register (members)
File read on 14 Sept 2026; last modified 14 Sept 2026, by the publisher's server. None of its holdings were used.
The rule
- Test
- Swiss ownership and control
- Threshold
- 50% or more
- Several designated owners
- Added together: the shares of different designated parties count as one.
- A jointly held share
- The texts read do not settle it, so a result that rests on one goes to a reviewer.
- Control
- Not assessed. A shareholder register shows shares, not board seats or agreements.
- Signed off
- On 17 Sept 2026, from texts read on 13 Sept 2026.
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Caveats
- What owning and controlling mean is set out in SECO's guidance on the sanctions ordinances, which SECO says is not legally binding.
- SECO adds the holdings of several sanctioned parties together "in principle" (grundsätzlich).
- Control raises a presumption that the company may rebut case by case.
- SECO counts holdings held directly or indirectly, and publishes no worked example with percentages. A company owned at the threshold is treated as holding its own shares for the listed party, as under the EU test.
- Control without the threshold stake is part of this test and cannot be read from a shareholder register, so an outcome short of the threshold does not mean the company is not controlled.
- 1 party in this chain is listed under a regime whose ownership rule has not been verified here, and was not counted: Ārvalsts komersanta UAB "Valiente" filiāle Latvijā (Latvia FID frozen assets register).
Texts the rule rests on
- SECO, Auslegungshilfe Sanktionsmassnahmen (Stand 30. Juni 2026)
Chapter 1, which applies to every sanctions ordinance that freezes funds: 1.10 (owning: 50% or more of the ownership interests, directly or indirectly; the interests of several sanctioned parties added together in principle) and 1.11 (control: any one of criteria a to h, unless the contrary is shown in the case)
- The Swiss sanctions ordinances in SWISS_ORDINANCES_READ, as consolidated on fedlex
The freeze article of each, which freezes the funds and economic resources owned or controlled by the listed parties, by parties acting on their behalf, and by companies and organisations those parties own or control
This record
- Address
- This page's address does not change, and the verdict at it is never rewritten. The same record as JSON.
- Computed
- 17 Sept 2026
- Identity
404a48f36d3d69ef2aea532394fdd0708ca0d25bb472090cd422288559299308A hash of what the verdict rests on. Each run compares it to decide whether the verdict still stands.