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About partly settle accounts with the creditor standing fourth in line for satisfaction whose claims secured by pledge – UAB Investicijų ir verslo garantijos

For your information, the Kaunas Regional Court by its ruling of 26 June 2015 passed in civil case No. B2-448-254/2015 permitted BAB Ūkio Bankas to partly settle accounts with the creditor standing fourth in line for satisfaction whose claims secured by pledge – UAB Investicijų ir verslo garantijos by paying EUR 7,139,687 (seven million one hundred thirty nine thousand six hundred eighty seven Euros). After the coming into force of the ruling, BAB Ūkio Bankas will pay EUR 2,500,000.00 (two million five hundred thousand Euros) to the creditor within three business days. BAB Ūkio bankas will pay the remaining sum by two monthly equal instalments of EUR 2,319,843.50 (two million three hundred nineteen thousand eight hundred forty three Euros, 50 cent): the first payment shall be done within one calendar month after the day of payment of EUR 2,500,000.00; and the second payment shall be effected not later than in one month after the payment of EUR 2,319,843.50.

Please note that you, as a creditor of the bank, need not take any additional actions in connection with passing of the above-indicated ruling of the Kaunas Regional Court. Information on the progress of the bankruptcy proceedings against the bank will also be placed on the website www.ub.lt.

Enclosed: a copy of the ruling of the Kaunas Regional Court of 26 June 2015 passed in civil case No. B2-448-254/2015 regarding the procedure of settlement of accounts with UAB Investicijų ir verslo garantijos. Ruling

 

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