Emitents | Rīgas kuģu būvētava, AS (48510000DWP0BMQCTM64) |
Veids | 2.2. Iekšējā informācija |
Valoda | EN |
Statuss | Publicēts |
Versija | |
Datums | 2021-09-01 08:03:07 |
Versijas komentārs | |
Teksts |
As it was notified already before, on August 16th, 2019 Riga City Vidzeme Urban Court resolved (a) to satisfy the application of legal protection proceedings of AS „Rīgas kuģu būvētava” (Company); (b) to implement the legal protection proceedings (Proceedings) of the Company; (c) to approve the plan of measures of the legal protection proceedings (Plan) of the Company; and (d) to set the period of 2 (two) years for implementation of the legal protection proceedings of the Company, effective from August 16th, 2019. According to the judgement of Riga City Vidzeme District Court of May 15th, 2020 in civil case No.C30516819, amendments to the Plan were approved (the version of April 06th, 2020), hereinafter referred to as the Amendments, by setting the term of the implementation of the Proceedings to 4 (four) years by accounting of the term as from August 16th, 2019. In turn, according to the judgement of Riga City Vidzeme District Court of January 25th, 2021 in civil case No.C30516819, amendments to the Plan were approved (the version of December 23rd, 2020), hereinafter referred to as the Amendments, by setting the term of the implementation of the Proceedings to 5 (five) years by accounting of the term as from August 16th, 2019. The Company thanks most creditors for the understanding of the financial position of the Company and for the provided support by approving implementation of the Plan and the Amendments. However, despite the fact that Company was successfully implementing the Plan and the Amendments, by performing its core operations and implementing the measures provided by the Plan and the Amendments, in the result of which the Company has been able to cover more than 53% (EUR 7,335,609.61) of the amount of the creditors’ claims to be covered within the scope of the Proceedings, as long as the prohibitions and restrictions established in connection with the restriction of the spread of Covid-19 have not been completely cancelled in Latvia and elsewhere in the world, the Company is unable to resume its economic activity to the extent provided by the Plan and the Amendments. In view of the above, the Company has still not been able to implement one of the major measures provided by the Plan and the Amendments – sale of the floating docks, because in Latvia and elsewhere in the world there is still economic uncertainty and caution caused by Covid-19, and for that reason potential byers, unable to predict economic trends even in the short term, still wants to wait instead of making a deal. Consequently, the Company unplanned must make additional investments in the floating docks to keep them in working order. Additional expenses and unearned income from the sale of floating docks prevent the Company from achieving the planned amount of monthly coverage of creditors’ claims, and under the present circumstances, further implementation of the Proceedings in compliance with the Plan and the Amendments is not possible, therefore the Company has repeatedly developed amendments to the Plan by providing for the following changes:
In compliance with the provisions of the Insolvency Law on August 16th, 2021 the Company has sent the amendments to the plan of measures of the legal protection proceedings developed by it to Company’s creditors for the provision of written consent. The Company is thankful to its creditors for the understanding and support during the implementation of the plan of measures of the legal protection proceedings. The Company expects the amendments to the plan of measures of the legal protection proceedings submit to the court for approval by September 03rd, 2021.
The Board of Directors of AS „Rīgas kuģu būvētava” |
Pielikumi |
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