RIGA - Palink, the company that runs Iki and Cento chain stores, was ruled insolvent by the Riga Kurzeme District Court on Jan. 5, said the court chairwoman’s aide Elina Zaca, reports LETA. The insolvency case was opened following a petition filed by private individual Sergejs Guscins, who claimed that Palink had not paid for work done by the construction company Landekss.Palink, though, claimed that it had not only paid for all work done by Landekss, but even overpaid, and denied any solvency problems.The chain store’s Executive Director Dace Zundure previously said ...
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