The Baltic Times

Latvian central bank ordered to pay 60 million in compensation

  • 2010-10-13
  • TBT Staff

RIGA -- A court has ordered the Latvian central bank to pay nearly 60 million lats to the company that liquidated now defunct "Banka Baltija".

The suit, originally filed in 2005, was a demand by BDO for 238 million lats to cover losses incurred from the collapse of the bank. The demand was based on a 1995 government memorandum on guaranteeing investment coverage.

 

Please enter your username and password.

 Forgot your password?
 

Subscribe!

A subscription to The Baltic Times is a cost-effective way of staying in touch with the latest Baltic news and views enabling you full access from anywhere with an Internet connection. Subscribe Now!

About The Baltic Times

The Baltic Times is an independent monthly newspaper that covers latest political, economic, business, and cultural events in Estonia, Latvia and Lithuania. Born of a merger between The Baltic Independent and The Baltic Observer in 1996, The Baltic Times continues to bring objective, comprehensive, and timely information to those with an interest in this rapidly developing area of the Baltic Sea region. Read more... Our news analysis and commentaries provide readers with insight essential to understanding the three Baltic countries and their neighbors.

Publisher: Gene Zolotarev
Editor in chief: Linas Jegelevicius

Contact Us

Editorial: editor@baltictimes.com
Subscription: subscription@baltictimes.com
Advertising: adv@baltictimes.com


SIA Baltic News Limited
Reg.#: 40003044365
Address: 1-5 Rupniecibas street, Riga, Latvia
Phone: +37167229978

Stay Connected

2024 © The Baltic Times /Cookies Policy Privacy Policy