Published: 2020-05-22 15:26:50 CEST
Rīgas kuģu būvētava
Inside information

On the legal protection proceedings

 

As it was notified already before, on August 16th, 2019 Riga City Vidzeme Urban Court resolved to approve the plan of measures of the legal protection proceedings of the Company and to set the period of 2 (two) years for implementation of the legal protection proceedings of the Company, effective from August 16th, 2019, whereas on May 15th, 2020 Riga City Vidzeme Urban District court resolved to approve the amendments to the plan of measures of the legal protection proceedings of the Company in the version of April 06th, 2020 and to set a period of 4 (four) years for the implementation of the legal protection proceedings of the Company, effective from August 16th, 2019.

The Company acknowledges that amendments to the plan of measures of the legal protection proceedings as approved by the court will allow maintaining of the current profile of operations. At present the Company continues its economic operation and fulfils financial liabilities towards its creditors.

The Company points out that financial liabilities to secured creditors will be performed during the sixteen months and to unsecured creditors – during forty–eight months as from the moment of approval of the plan of measures of the legal protection proceedings.

 

Enclosed – the plan of measures of the legal protection proceedings with the amendments in the version of April 06th, 2020 approved by the court (as to information specified in the appendixes is considered as confidential, appendixes are not enclosed)

 

The Board of Directors of AS „ Rīgas kuģu būvētava”


rkb tap plans 3 (12062019) grozijumi (06042020) eng.pdf