No designated company found in the chain; the people in it are compared by name only

No company listed under this regime holds any share of the company, anywhere in the chain the registers state. Natural persons hold 3 holdings in the chain, including 100% of the company directly. The registers publish no identifier that confirms who they are, so they were compared with designated persons by name only, and a name written differently in a register and on a list is not found.

Designated share

None found

Threshold

50% or more

Chain

Followed to its end

Nearest designated party

No designated company appears anywhere in the chain the registers state. Natural persons in the chain were compared with designated persons by name only.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

3 holdings were read in the chain, none of them held by a company. Natural persons hold 3 of them, including 100% of the company directly. A verdict never keeps a person's name: a person appears in it as a holding of a stated share.

Listed parties in the chain

No company in the part of the chain that was followed carries a live listing.

Lists this rule reads

• EU Consolidated Sanctions List

  Read on 13 Sept 2026; dated 5 Aug 2026 by the publisher.

Shareholder registers

• Latvia Enterprise Register (members)

  File read on 14 Sept 2026; last modified 13 Sept 2026, by the publisher's server. The holdings used were read on 14 Sept 2026.

Test

EU owning or controlling

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 13 Sept 2026, from texts read on 13 Sept 2026.6354cf1089ca4c64b6f5b5edcf30e2402a1db672daa68a8b04f79a2c0e4ef5b8

Caveats

• Ownership raises a presumption that the listed person controls the entity and its assets. The entity may rebut it case by case.
• The definition applied here was read in Regulation 269/2014. Listings under other EU legal acts are not assessed with it.
• The Commission says control over an entity also reaches that entity's own subsidiaries, but publishes no worked example with percentages. A company owned at the threshold is treated as holding its own shares for the listed person on that basis.
• 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.

Texts the rule rests on

• Council Regulation (EU) No 269/2014, Article 1, as amended by Council Regulation (EU) 2025/2037 of 23 October 2025

  Article 1, points (i) "owning": 50% or more of the proprietary rights, and (j) "controlling"

• European Commission, Frequently asked questions: asset freeze under Council Regulation 269/2014 (as of 6 May 2026)

  Question 1 (presumption that control extends to the assets of an owned or controlled entity, rebuttable), Question 8 (aggregated ownership of several listed persons) and Question 9 (control over one entity reaches its own subsidiaries)

Address

This page's address does not change, and the verdict at it is never rewritten. The same record as JSON.

Computed

14 Sept 2026

Evidence file

The company's file for 14 Sept 2026, the day this was first said

Identity

2751c24f3f3af738e3593b745797a29e566e787e1455a8e3b24f05223df072c2A hash of what the verdict rests on. Each run compares it to decide whether the verdict still stands.