Posts tagged as liquidation

Riga.lv foundation to be liquidated within next eight months

Tuesday, July 2, 2019

Liquidation of municipal foundation Riga.lv, which currently works with losses worth EUR 235 000, could take seven to eight months, according to what Riga City Council Property Department head Aija Rimicāne said on Monday, 1 July. On 1 July, the committee unanimously supported liquidation of the foundation and decided to propose this topic to be discussed in Riga City Council. According to documents added to the meeting’s agenda, the foundation’s…

FCMC approves methodology for ABLV Bank’s liquidation

Thursday, March 7, 2019

The Financial and Capital Market Commission (FCMC) at an extraordinary meeting on Wednesday approved the methodology for screening the creditors of ABLV Bank for the bank’s self-liquidation, FCMC spokeswoman Ieva Upleja reported LETA. ABLV liquidator Arvids Kostomarovs told LETA earlier that payments to creditors will be started not sooner than 2-3 months after FCMC approves the methodology. As reported, the European Central Bank annulled ABLV Bank’s license in July 12, 2018.…