No designated holder found where the chain could be followed; it breaks at 1 point

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.

Holdings the result passes through

None: no holding carries a designated party's share down to the company.

Holdings read

1 holding was read in the chain, held by a company.

Listed parties in the chain

• SIA LATPRODUKTI (LV 40203246661) the company itself

  • Not countedLatvia FID frozen assets register

    Asset freeze under Latvia, Līdzekļu iesaldēšana — Līdzekļi, kapitāldaļas, nekustamais īpašums

    Listed as SIA LATPRODUKTI

    Not counted: this regime's ownership rule has not been read here.

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. The holdings used were read on 14 Sept 2026.

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.ec7b82da98b4465749dfa0023ce7812d6c965f69d72df13ea7a20870d93698b0

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: SIA LATPRODUKTI (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

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

Evidence file

The company's file for 17 Sept 2026, the day this was first said

Identity

86e42d9b1a91f7043b63b4496ca0aa270b8c6d65882cdbd4532b7f5ba3d983adA hash of what the verdict rests on. Each run compares it to decide whether the verdict still stands.