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Lithuania’s LJL declares bankruptcy - the third time in 6 months

  • 2015-12-02
  • By BNS/TBT Staff
VILNIUS - Lietuvos Juru Laivininkyste (Lithuanian Shipping Company, or LJL) has filed for bankruptcy for the third time in the past four months. Sigitas Dobilinskas, CEO of the financially-troubled shipping company, on Friday asked the Klaipeda Regional Court to open bankruptcy proceedings, LJL said in a stock exchange release. “The court has received and registered the petition,” Kestutis Butvydas, the court’s spokesman, confirmed to BNS. Stasys Dailydka, CEO of Lietuvos Gelezinkeliai (Lithuanian Railways, or LG), the majority sharehol...
 
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