VILNIUS - The bankruptcy administrator of Bank Snoras, Neil Cooper, said he had on May 2 applied for the bankruptcy of the bank to be recognized in Switzerland, reports ELTA. It is necessary to file the application separately, given that Switzerland is not a member of the European Union, the bank said in a statement.Recognition of the bankruptcy in Switzerland will allow the bankruptcy administrator and his team to begin the process of securing and recovering the financial assets located in that jurisdiction.“Recognition of the bankruptcy in Switzerland is of significant i...
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