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The waiting game goes on

Mar 25, 1999
Anastasia Styopina

RIGA - Creditors of the failed Banka Baltija may not receive their compensation on March 29 despite former liquidator David Berrey's earlier promise.The bank's new liquidator, Invest-Riga, claims it can't start paying because Berrey handed over confusing balance sheets and lists of creditors."Unfortunately, after we have taken over the liquidation, we concluded that we can't start paying compensation on March 29," said Invest-Riga lawyer Vairis Birze. Berrey, in turn, has distributed a statement ...

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