Metinė prenumerata tik 6,99 Eur. Juodai geras pasiūlymas
Išbandyti
2013 08 09

Nearly 500 creditors of Lithuania's Snoras contest ranking of claims

Vilnius Regional Court has already received three appeals in which almost 500 Lithuanian and foreign companies as well as private individuals are contesting the current priority ranking of claims of Snoras' creditors that puts the state's deposit insurance fund, which reimbursed almost 4 billion litas (EUR 1.2b) in deposits, second in line for payment after the collapsed bank's employees.
„Snoras“
„Snoras“ / Irmanto Gelūno / BNS nuotr.
Temos: 1 „Editors“

Gintautas Stalnionis, a spokesman for the court, confirmed to BNS that two appeals had been filed by law firms representing groups of customers and one by a private individual.

According to information available to BNS, Milda Mulionienė was the first to contest the ranking of creditors' claims and Raidla Lejins & Norcous and Pavlov & Mamontovas filed appeals on Thursday and Friday.

Raidla Lejins & Norcous represents 407 creditors of the bankrupt bank and Pavlov & Mamontovas represents 87 creditors.

Andrius Mamontovas, a partner with Pavlov & Mamontovas, told BNS that their aim was to have the matter referred to the EU Court of Justice.

"We seek to ask the Court of Justice of the European Union to say if the ranking of creditors set out in our Law on Banks does not go against EU law. The matter would thus go beyond the jurisdiction of Lithuania and the key issue - the deposit insurance fund's right to be second in line - could be dealt with without political influence in Lithuania," he said.

The court is being asked to annual its decision of July 29 confirming that the deposit insurance fund with its 3.982-billion-litas claim is a second-tier creditor and to resolve the matter on its merits after receiving a ruling by the Court of Justice.

On July 29, Vilnius Regional Court ruled that the state deposit insurance fund was second in line for repayment and that the State tax Inspectorate and the state social insurance fund Sodra, as well as the government's bad loans agency Turto Bankas (Asset Bank) with a 1.428-million-litas claim, were third-tier creditors.

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