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...
The article you requested can be accessed only by subscribing to the online version of The Baltic Times. If you are already subscribed to The Baltic Times, please authorize yourself.

In case you don't have a subscription yet - please visit our SUBSCRIPTION section