Janis Jaksons, a spokesman for Riga Central District Court, confirmed to BNS that on April 10, the court received a lawsuit from the Riga-based construction company 7.Projekts asking it to open bankruptcy proceedings against BMGS.
"7.Projekts' suit has been accepted for hearing. The court's hearing is scheduled for April 25," he said.
The company claims that BMGS owes it 182,404 lats (EUR 260,000), the spokesman says.
"This is a big amount of money for some companies. It may amount to half of annual revenue," he said.
However, Svetlana Afanasjeva, BMGS' financial director and a member of the management board, told BNS that this was a business dispute between the two companies, which had been already resolved.
"The situation today is that the suit has been withdrawn by them and we have a document confirming this," she said.
Afanasjeva said that 7.Projekts was behaving in an unfair manner and had several times provided incorrect data to the court. She did not disclose the size of BMGS' debt to the partner. Nor did she say whether the debt had already been paid.
BMGS posted revenues of 39.096 million lats in 2011, up by 4.7 percent compared with 2010, and a net profit of 409,000 lats, down by 37.5 percent.
On March 19, Klaipėdos Nafta and BMGS signed a contract, worth 27.19 million euros not including VAT, for the engineering and construction of a jetty for the LNG terminal in Klaipėda.
Other bidders for the contract were a consortium of Spain's Sener, Ingenieria y Sistemas, Copisa Constructor Pirenaica, and Lithuania's Hidrostatyba with 109.8 million litas (EUR 32m), and the Netherlands' Geka with 133.3 million litas.
BMGS has in the past built a quay and reinforced the shore at Klaipėda Container Terminal under a contract worth 16 million litas, and has carried out a 6.8-million-litas shore front reclamation project in Palanga.
