| Emitents | Latvijas kuģniecība, AS (48510000VYR04HZGC213) |
| Veids | Būtiski notikumi |
| Valoda | EN |
| Statuss | Publicēts |
| Versija | |
| Datums | 2011-01-19 09:34:35 |
| Periods | |
| Versijas komentārs | |
| Teksts |
LK: Administrators of the LASCO Investment Group acted unlawfully JSC Latvijas Kuģniecība (LK) as the sole owner of “LASCO
Investment” Ltd (LI) believes that the administrator of LI and
other administrators of the LI Group have acted contrary to the
law, in order to take over and control properties worth many
millions of Lats. Administrators of companies of the LI Group are
Zigurds Krastiņš, Elvijs Vēbers, Kristaps Andersons and Jānis
Ešenvalds.
To prevent the new Management Board members of LI and
its Group’s subsidiaries, elected by the new Management Board of LK
on December 22, 2010, from exercising their legal functions,
the administrators of LI and other administrators of the LI Group
are not giving approval to register the new Management Board
members in the Commercial Register of the Republic of Latvia.
Therefore, the administrators are unlawfully preventing the new LK
Management Board from being able to manage their assets in the LI
Group, thus causing substantial damages to the LI Group’s
creditors, the LK Group and its shareholders, including the
State.
LK believes that the administrator O.Cers failed to
issue consent for the registration of the new LI Management Board
in the Commercial Register of the Republic of Latvia with a view to
stopping the new LI Management Board from participating in the
court hearing on January 3, 2011, where the court resolved to
declare insolvency proceedings of LI. Contrary to the interests of
creditors of LI, including LK’s subsidiary Latmar Holdings
Corporation, which is the largest creditor of LI, the Administrator
O.Cers maintained the announcement of insolvency proceedings in
court. The administrator O.Cers acted this way irrespective of the
fact that the creditors of LI had agreed on amendments to the
program of out-of-court legal protection proceedings and on
restructuring the debt. Possibly the only objective of O.Cers
actions is to prevent the new LK Management Board from taking over
a valuable asset of LK.
“We have reasonable suspicions that insolvency of LI and
the out-of-court legal protection proceedings of its related
companies was artificially organized. All creditors, except VN, are
companies of the LK Group. LK Group’s company is also Wilcox, which
is indicated as the potential investor of LI. We believe that the
out-of-court legal protection proceedings of LI were initiated with
the sole purpose being to appoint through agreement such
administrators who are loyal to the previous LK Management Board,”
says the Chairman of the Management Board of LK Paul Thomas, who
emphasized that the primary objective is to defend the interests of
LI creditors.
LK holds a view that announcement of insolvency
proceedings had no factual grounds and the administrator acted
unlawfully. Further evidence confirming this point is that
irrespective of the fact that the administrator O.Cers was informed
that VN was ready to postpone the payment of its debt until
December 31, 2011, he still filed an insolvency application in
court on the same day that the LK Management Board and Supervisory
Council was re-elected on December 17, 2010.
LK has filed a application to the Prosecutor General of
the Republic of Latvia by requesting submitting of the
protest on the court’s decision on declaring insolvency of LI.
Furthermore complaints to the Insolvency Administration on actions
of the administrators O.Cers, Z.Krastiņš, K.Andersons, E.Vēbers and
J.Ešenvalds has been submitted.
Additional information:
Elīna Dobulāne
Press secretary
Latvian Shipping Company
Phone: +371 25959447
E-mail :
ir@lscgroup.lv
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