Insolvency proceedings against Krajbanka launched

  • 2011-12-14

RIGA – On Dec. 13, Riga Regional Court decided to launch insolvency proceedings against "Latvijas Krajbanka" following a petition from the Financial and Capital Market Commission.

The regional court turned down the Financial and Capital Market Commission’s suggestion to appoint Ints Goldmanis as bank’s administrator, and told the Commission to nominate another candidate for this position until Dec. 16, the court’s press secretary Aigars Berzins informed LETA.

The court also ruled that bank’s property would be arrested.