Text consolidated by Valsts valodas centrs (State
Language Centre) with amending regulations of:
17 June 2010 [shall come
into force on 1 July 2010];
25 October 2018 [shall come into force on 15 November
2018].
If a whole or part of a paragraph has been amended,
the date of the amending regulation appears in square
brackets at the end of the paragraph. If a whole
paragraph or sub-paragraph has been deleted, the date of
the deletion appears in square brackets beside the
deleted paragraph or sub-paragraph.
|
The Saeima1 has adopted and
the President has proclaimed the following law:
On the
Stockholm School of Economics
Chapter
I.
General Provisions
Section 1. The Stockholm School of Economics in Riga
(hereinafter - the School of Economics) was established in
accordance with the agreement entered into on 30 June 1993 by the
Government of the Republic of Latvia in the person of the
Ministry of Education of the Republic of Latvia, and the
Stockholm School of Economics under the authority of the Swedish
Government.
[17 June 2010]
Section 2. (1) The founders of the School of Economics
are the State of Latvia in the person of the Ministry of
Education and Science and the Stockholm School of Economics,
functioning in conformity with the laws of Sweden, under the
authority of the Swedish Government.
(2) The Stockholm School of Economics in Riga foundation is
the sole member of the School of Economics.
[17 June 2010; 25 October 2018 / See Paragraph 2 of
Transitional Provisions]
Section 3. (1) The School of Economics is a commercial
company registered in the Commercial Register.
(2) The School of Economics is located in Latvia and is a
legal person. The School of Economics has its own flag and coat
of arms. Its date of unveiling - 8 November - is a celebratory
day for the School of Economics.
[17 June 2010; 25 October 2018]
Section 4. The School of Economics is the highest
education institution which provides academic education, works in
economic science and serves the interests of the people of
Latvia.
Section 5. (1) The School of Economics is an autonomous
educational institution with the right to self-governance. The
self-governance thereof shall be based on the rights and
opportunities of employees to participate in the management and
supervision of academic, administrative, and economic
affairs.
(2) The School of Economics shall act in accordance with this
Law, the Law on Higher Education Institutions, other laws of the
Republic of Latvia, and international norms of higher education
institution activities which are not in contradiction with the
legislative enactments of the Republic of Latvia, and also in
accordance with its articles of association.
[17 June 2010; 25 October 2018]
Section 6.
[17 June 2010]
Chapter
II.
Purpose, Tasks, and Basic Principles of the School of Economics
Activities
Section 7. The purpose of the School of Economics
activities is to provide academic education and professional
training to students, to develop science and to cultivate culture
in order to preserve the intellectual potential necessary for the
Republic of Latvia and to promote the development thereof.
Section 8. The task of the School of Economics is to
prepare academically educated specialists for the science,
national economy, and State administration of Latvia and also the
Baltics, giving new knowledge and skills to use them in the
interests of society, to perform fundamental and applied research
in economic sciences, and also to prepare teachers and scientific
employees, to carry out the raising of qualifications and
retraining of specialists. The School of Economics shall offer to
society its scientific and professional findings and the results
of research.
Section 9. The study programmes of the School of
Economics shall provide for the acquisition of a bachelor's and
master's degree, and also the performance of scientific research
work and the acquisition of a scientific degree. The professional
programmes shall provide for professional training and the
approval of appropriate qualifications. Acquisition of academic
degrees, professional qualifications, and a scientific degree is
the legally established (formal) objective of the School of
Economics studies and research work.
Section 10. The basic principles for the activity of
the School of Economics shall be:
1) freedom of information and studies, academic and scientific
work; free choice of study subjects and the content and method of
scientific work, expressing scientific opinion and research
results (publishing) without censorship, if it does not affect
the rights of other persons, is not in contradiction with the
norms of ethics and the legislative enactments of the Republic of
Latvia;
2) the indivisibility of studies and scientific work;
3) the conformity of studies and scientific work with the
needs and requirements of society, the highest achievements of
civilisation and the humanitarian traditions of the world.
Section 11.
[17 June 2010]
Section 11.1 The School of Economics shall
provide such procedures for admission to study programmes as are
necessary in order to ensure the admission of students from the
Baltic States and foreign countries in a single admission
process, by independently determining the location and time of
the registration and competition of applicants.
[25 October 2018]
Chapter
III.
Competence and Forms of Activity of the School of Economics
[17 June 2010]
Section 12.
[17 June 2010]
Section 13.
[17 June 2010]
Section 14.
[17 June 2010]
Section 15.
[17 June 2010]
Section 16.
[17 June 2010]
Chapter
IV.
Staff of a Higher Education Institution
Section 17.
[17 June 2010]
Section 18.
[17 June 2010]
Section 19. (1) Studies at the School of Economics
shall take place in English. At the School of Economics, the
theses necessary for the acquisition of a bachelor's, master's,
and doctoral degree shall be developed and defended, and the
vocational qualification examinations shall be conducted in
English.
(2) [17 June 2010]
(3) The School of Economics shall recruit general staff and
academic staff from Latvia and foreign countries.
(4) The requirements specified in laws and regulations for the
level of proficiency of the official language shall not be
applicable to staff elected to academic positions of the School
of Economics.
[17 June 2010; 25 October 2018]
Section 20.
[17 June 2010]
Section 21.
[17 June 2010]
Section 22.
[17 June 2010]
Section 23.
[17 June 2010]
Section 24.
[17 June 2010]
Chapter
V.
Representation and Management Bodies of the School of
Economics
Section 25. The representation and management bodies of
the School of Economics are as follows:
1) the Executive Board;
2) the Constitutional Assembly;
3) the Senate;
4) the Rector.
[17 June 2010]
Section 26. (1) The Executive Board is a body created
by the founders of the School of Economics. In accordance with
the articles of association of the School of Economics, the
composition, establishment procedures, competence and activity
thereof shall be determined by the members.
(2) [17 June 2010]
(3) The Executive Board is authorised to:
1) decide on conceptual issues regarding the activities and
development of the School of Economics;
2) determine the organisational and managerial structure of
the School of Economics;
3) propose the nomination of the position of Rector for
election at the Constitutional Assembly and the dismissal of the
Rector;
4) initiate the convening of an emergency Constitutional
Assembly;
5) decide in cooperation with the Senate on matters of
academic and scientific activity;
6) decide on the establishment, reorganisation, or elimination
of the units of the School of Economics;
7) determine the remuneration of staff of the School of
Economics;
8) to fulfil other duties assigned thereto.
[17 June 2010; 25 October 2018]
Section 26.1 Prior to the adoption of the
Constitution of the School of Economics or amendments thereto,
the Constitutional Assembly of the School of Economics shall
harmonise the Constitution of the School of Economics or its
amendments with the members of the School of Economics.
[17 June 2010; 25 October 2018]
Section 27. (1) The Rector shall be elected by the
Constitutional Assembly by a proposal of the Executive Board of
the School of Economics, for a period of five years, not more
than twice in succession.
(2) The Cabinet shall approve the Rector elected in the
Constitutional Assembly in accordance with the procedures laid
down in the Law on Higher Education Institutions.
(3) The Constitutional Assembly may dismiss the Rector. The
dismissal of the Rector may be proposed to the Constitutional
Assembly by the Senate, a convention of advisers, if such has
been established at the School of Economics, or by the Executive
Board. The Rector shall be dismissed from office by the Cabinet
in accordance with the procedures laid down in the Law on Higher
Education Institutions.
(4) A foreign citizen may be elected to the position of the
Rector of the School of Economics. The Rector of the School of
Economics must be proficient in and use the official language to
the extent necessary for the performance of the professional
duties thereof, or the School of Economics shall provide a
translation into the official language.
[17 June 2010; 25 October 2018]
Section 28.
[17 June 2010]
Section 29.
[17 June 2010]
Section 30.
[17 June 2010]
Chapter
VI.
Student Association of the School of Economics
[17 June 2010]
Section 31.
[17 June 2010]
Section 32.
[17 June 2010]
Chapter
VII.
Property, Finances, and Economic Activity of the School of
Economics
Section 33. (1) The property of the School of Economics
may be land, movable property, immovable property, and
intellectual property, and also funds in Latvia and foreign
countries in accordance with the laws and regulations in
force.
(2) The property of the School of Economics at the time of its
founding is composed of the investment of the State of Latvia in
the form of immovable property (building with cadastre No.
01005190010) in Riga, Strēlnieku Street 4a (hereinafter - the
State immovable property) - 481 670 lats (7 083 930 Swedish
kronor), i.e. 49 per cent of the equity capital, and the funds
allocated by the Swedish Government - 501 330 lats (7 373 070
Swedish kronor), i.e. 51 per cent of the equity capital.
(3) [17 June 2010]
[17 June 2010]
Section 33.1 (1) The State in the person of
the Ministry of Education and Science shall transfer the capital
shares of the School of Economics owned thereby (49 per cent of
the equity capital) without compensation into the ownership of
the University of Latvia, if the University of Latvia has taken a
decision on acceptance of such property.
(2) When transferring the State equity shares referred to in
Paragraph one of this Section into the ownership of the
University of Latvia, the provisions of the law On State and
Local Government Equity Shares and Capital Companies for
alienation shall not be applied.
(3) The University of Latvia shall, in accordance with the
procedures laid down by law, establish a foundation, the purpose
of which is to support educational and research work and to
assume responsibility for the activities and development of the
School of Economics.
(4) The members of the School of Economics specified in
Section 2, Paragraph two of this Law are entitled to transfer the
equity shares of the School of Economics owned thereby to the
foundation referred to in Paragraph three of this Section, making
the relevant amendments to the registration documents of the
School of Economics in conformity with the requirements specified
in laws and regulations.
(5) The University of Latvia shall transfer the equity shares
of the School of Economics (49 per cent of the equity capital)
owned thereby to the foundation referred to in Paragraph three of
this Section without compensation if the foundation accepts the
equity shares belonging to the University of Latvia into its
ownership.
(6) If the University of Latvia does not perform the
activities referred to in Paragraphs three and five of this
Section within the time limits specified in the Law, the State
capital shares referred to in Paragraph one of this Section (49
per cent of the equity capital) transferred to the University of
Latvia shall be transferred back to the State in the person of
the Ministry of Education and Science.
[17 June 2010]
Section 34. The State immovable property invested in
the equity capital of the School of Economics may not be seized,
pledged or otherwise encumbered by property rights.
[17 June 2010]
Section 35. If the activities of the School of
Economics are terminated, the State immovable property invested
in the equity capital thereof shall be transferred to the
University of Latvia. If the University of Latvia does not use
the abovementioned immovable property for the performance of the
educational and scientific functions specified in its
Constitution, this shall be returned to the State without
compensation.
[17 June 2010]
Section 36.
[17 June 2010]
Section 37.
[17 June 2010]
Section 38.
[17 June 2010]
Section 39.
[17 June 2010]
Transitional
Provisions
[17 June 2010]
1. Amendments to the registration documents of the School of
Economics conforming to the provisions of Section 2, Paragraph
two of this Law and also amendments about the transformation of
the School of Economics from a non-profit company with limited
liability into a company with limited liability shall be made and
submitted to the Commercial Register by 30 August 2010.
2. Section 2, Paragraph two of this Law shall be in force from
the day when the State of Latvia in the person of the Ministry of
Education and Science has transferred the shares owned thereby to
the University of Latvia in accordance with the procedures laid
down by this Law.
3. By 31 July 2010, the Ministry of Education and Science
shall transfer the State owned capital shares of the School of
Economics without compensation into the ownership of the
University of Latvia with a deed of transfer and acceptance.
4. The School of Economics shall establish the bodies referred
to in Section 25, Clauses 2, 3, and 4 of this Law by 30 November
2010.
5. The Constitution of the School of Economics shall be
submitted for approval to the Cabinet by 28 February 2011.
6. Within a period of three months after the approval of the
Constitution of the School of Economics, the School of Economics
shall harmonise the legal acts (by-laws, provisions, regulations,
etc.) issued thereby in accordance with the Constitution of the
School of Economics.
7. The University of Latvia shall establish the foundation
referred to in Section 33.1, Paragraph three of this
Law not later than by 15 August 2010.
The Law has been adopted by the Saeima on 5 October
1995.
Acting for the President, the Chairperson
of the Saeima A. Gorbunovs
Rīga, 25 October 1995
1The Parliament of the Republic of
Latvia
Translation © 2022 Valsts valodas centrs (State
Language Centre)
