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Proposal for providing the service of a virtual data room necessary for selling BAB Ūkio Bankas’ claim rights to the loan portfolio

 

BAB Ūkio Bankas (bankrupt) (the “Bank”) invites to participate in the procurement of independent services of a virtual data room necessary for selling the Bank’s claim rights (the “Claim Rights”) to the loan portfolio and Bank’s claim rights to the loan portfolio (the “Loan Portfolio”) pledged for the benefit of UAB Investicijų ir Verslo Garantijos (“Invega”) by submitting a consent to participate in the group of providers of virtual data room formation and administration services (the “Provider Group”).

The provider of virtual data room services will be hired for provision of information to participants in organising the sale of the Bank’s Claim Rights to the Loan Portfolio (including the sale of the Bank’s Claim Rights to the Loan Portfolio by public auction in accordance with the procedure prescribed by the Government of Lithuania when the access to the virtual data room will be granted to auction participants willing to purchase the Loan Portfolio). The duration of provision of the service is 3 to 6 months.

Please submit written consents to include in the Provider Group in the Lithuanian / English language in electronic form (PDF) by 11 November 2015, 5:00 PM at the latest, sending by e-mail to the following address This email address is being protected from spambots. You need JavaScript enabled to view it. or by registered mail to the following address K. Donelaičio g. 76, 44248 Kaunas, Republic of Lithuania.

In addition to other information, the consent must contain the pricing principles (tariffs) of the independent provider of virtual data room services, work execution time limits and other relevant information.

A person submitting a written consent shall:

1. confirm that he has no conflict of interests with the Bank and/or Invega, i.e. (i) he does not represent the interests of the shareholder or a group of shareholders with direct and indirect holding of more than 5% of shares in the authorised capital of the Bank, and/or affiliates thereof that controlled the Bank; (ii) he is not a relative by blood or marriage of the shareholder or a group of shareholders with direct and indirect holding of more than 5% of shares in the authorised capital of the Bank that controlled the Bank; (iii) he did not represent the Bank’s interests over a period of 12 (twelve) months preceding the initiation of the bankruptcy proceedings against the Bank; (iv) he is neither directly nor indirectly controlled (control shall be understood as it is defined in the Law of the Republic of Lithuania on Competition) by persons (natural or legal) associated with the shareholder or a group of shareholders with direct and indirect holding of more than 5% of shares in the authorised capital of the Bank that controlled the Bank; (v) he is not deemed to have a conflict of interests under the provisions of applicable legislation or codes of professional ethics. If the person submitting the consent is also a creditor of the Bank in the bankruptcy proceedings against the Bank or his representative, a confirmation of impartially issued by the person submitting the consent shall also be provided, specifying what technical and organisations instruments are introduced for avoiding a possible conflict of interests;

2. undertake not to disclose any information received in the course of procurement to any third parties without the written consent of the Bank.

Only the selected independent providers of virtual data room services will be informed about further cooperation.

For additional information, please apply by e-mail This email address is being protected from spambots. You need JavaScript enabled to view it. .

 

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