Bank of Lithuania proposed Zolfo Cooper Europe (ZCE) as a candidate for Snoras administrator position to the court resolving the bankruptcy case of bank Snoras. The head administrator would be Neil Cooper, a senior partner of ZCE. Temporary administrator of the bank is Simon Freakley, a senior partner of ZCE. Depositors and creditors association of Snoras clients offered an alternative candidate Paulius Koverovas, while another group of creditors is offering Vermosa as the bankruptcy administrator. Bank of Lithuania has initiated bankruptcy procedures for bank Snoras, while Vilnius district court is currently considering the case. |
Estonian national airline Estonian Air recorded net loss of EUR 49.2mn in 2012, up from net loss of EUR 17.3mn in 2011. Operating loss amounted to EUR 35.8mn in 2012. Revenues of the company ... more
Lithuanian flour manufacturer Malsena announced that it has acquired Latvian flour manufacturer Rigas Dzirnavieks. The company indicates that with the acquisition it will become the largest flour ... more
Estonian national airline Estonian Air announced that it agreed to pay penalties for returning two excess Embraer E190 aircrafts to the manufacturer. The company has started restructuring and ... more