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The Civil Affairs Department of the Supreme Court joined the arguments of the Reverta (Reverta), which must be liquidated, only in the action of Reverta, the former shareholder of the ex Parex Banka, Valērijs Kargins, the court of appeal does not apply to the law applicable to the case On June 13, 2016, the claim of Valerie Kargin's son, Rema Kargin, against Reverta was granted, awarding him more than 15 million euros in favor of
. The judgment of the court provides for the annulment of the judgment of the Court of Cbadation of 13 June 2016 and the referral of the case to the Court of Cbadation of the Republic of Latvia as the court of appeal.
"Reverta" lodged an appeal in cbadation against the factory the judgment of the Supreme Court, by which, on June 13, 2016, the application of Rema Kargin, former shareholder of Valerie Kargin, AS Parex banka, against Reverta, has been granted, giving him more than 15 million euros in favor. In this case, the Supreme Court also asked the European Commission to support Reverta's position that European Union law and Community decisions prevent Reverta from making a downward obligation.
Reverta paid 18.6 million euros as a percentage of the underlying bonds, mainly made by former members of Parex Banka and their family members, until the entry into force. force of the law on the control of companies on 1 July 2014. Previously, Reverta's lawyer, Agris Bitāns, had already indicated that the amendment of the law on the control of the commercial activities prohibited any payment to the subordinate capital or liabilities subordinate prior to full repayment of the state contribution. court judgments l Reverta violates the requirements of EU law and the decisions of the European Commission and the violation of EU rules on state aid would constitute a violation of the Republic of Latvia and could have negative consequences for the state.
For all the identical factual circumstances, the three courts dismissed the action against Reverta, holding that Reverta did not have to comply with the subordinate obligations. The judgment in this case came into force. In turn, the Constitutional Court has already, on October 13, 2015, in case No. 2014-36-01, ruled that the provision on suspension of interest payments from a commercial company in financial difficulty and receiving state aids is consistent with the Satversme. The case was opened following the application of the son of Kargin Maksim Kargin and the other former banker Viktor Krasovitsk
The civil affairs department of the Supreme Court upheld the Reverta judgment in cbadation by judgment of June 27, 2018 and returned the case to a new hearing. Court of Appeal
On June 28, 2018, Rūta Amtmane left the liquidator of Reverta, who had been a member of the Reverta board of directors for the past five years. Under his leadership, the company has concluded a portfolio loan sale for more than 4,500 credit issues, continued state aid recovery and liquidation of domestic and foreign subsidiaries, as well as several key litigation, including against former owners of Parex Banka. 19659004] The shareholders' meeting of "Reverta" was approved by Kristaps Timpars as liquidator. K.Timparam has more than 10 years of experience in the Latvian banking sector. K.Timpars previously served as head of various structural units in Latvijas Krājbanka joint-stock company and Latvijas Mortgage and Land Bank. K.Timpars is also the head of the Department of Transfer and Accounting Privatization Certificates of AP in addition to working in the Reverta Liquidation Company K.Timpars has a Master's degree in International Economic Relations as well as a a Bachelor of Laws at the University of Latvia
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