Advertisement for Insolvent credit institution Baltic International Bank SE sale of the right of claim
Insolvent credit institution Baltic International Bank SE, reg . No. 40003127883 (hereinafter - Credit institution), legal address Kalēju iela 43, Riga, LV-1050, represented by administrator Linda Sniega-Svilāne, certificate No. 00379, (hereinafter - the administrator), announces that as part of Baltic International Bank SE insolvency process, it is planned to sell the right of claim secured by a pledge against the company INVESTMENT MONITORING CO.LP, registered in Scotland, reg. No. SL015328, and a citizen of the Russian Federation in the amount of EUR 3,209,840.64 , which follows from the decision of the Riga City Court in in case no. C30871922,which entered in force on November 30, 2023. According to the judgment, the Credit institution is entitled to receive from INVESTMENT MONITORING CO.LP, a company registered in Scotland, reg. No. SL015328, for the period from the expiry of the voluntary execution period until the execution of the judgment (auction date), and in the event of total or partial impossibility of recovery, from a citizen of the Russian Federation, legal interest at the rate of eight percentage points above the basic interest rate, i.e. the interest rate applied by the European Central Bank in its most recent main refinancing operations prior to the first calendar day of the half-year in question, on the total amount of EUR 3 209 840,64, taking into account Article 1763 of the Civil Law, which provides that interest shall not increase beyond the amount of the share capital.
All persons who wish to make a proposal to purchase the said right of claim are invited to submit a written offer by March 14, 2025 (the date of receipt) (the price of the offer for the purchase of the right of claim must not be less than EUR 350,000.00). Additional information about the claim against INVESTMENT MONITORING CO.LP and a citizen of the Russian Federation can be obtained by concluding a confidentiality agreement, having previously agreed on the procedure for signing the agreement, by calling +371 67000444 or by email: info@bib.eu .
The proposal can be submitted to the administrator of the Credit institution by sending (delivering) it to Grēcinieku street 6, Riga, LV-1050, or electronically prepared and signed with a secure electronic signature to the email address piedavajumi@bib.eu.
The proposal for the acquisition of claim rights must state:
- for a natural person - name, surname, personal identity number, address, contact information (phone number, e-mail address), for legal entities - company name, registration number, legal address, contact person and contact information (phone number, e-mail address);
- a price offer to purchase the right of claim, specifying the proposed purchase price in numerals and words in EUR currency, as well as the payment term.
If the offered offer meets the interests of the Credit Institution's creditors and is accepted by the administrator, the applicant will have to submit documents so that the Credit Institution can carry out checks in accordance with the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing and/or the Law on International and National Sanctions.
