Skip to main content

The Kaunas District Court made a decision to initiate the restructuring case of AB SNAIGE

Written by Customer Service on . Posted in Public Companies.

On 2022 September 9th The Kaunas District Court made a decision to initiate the restructuring case of AB SNAIGE and appointed as the restructuring administrator the  JSC Įmonių bankroto administravimo ir teisinių paslaugų biuras. The Kaunas District Court has set a deadline of thirty days from the date of publication of the court order to file a restructuring case on the website of the supervisory authority, during which the creditors have the right to submit their claims and supporting documents to the appointed restructuring administrator, as well as indicate how the fulfillment of these claims is ensured. Also, the court set a deadline of four months, calculated from the date of entry into force of the ruling, to prepare and submit to the court the restructuring plan of AB SNAIGĖ.
According to the AB SNAIGE General Manager Mindaugas Sologubas, such court decision was expected. “The court’s decision to initiate a restructuring case gives the company an opportunity to straighten up, solve the problems it faced due to the war, raw materials and energy crisis, avoid bankruptcy and settle with its creditors,” says M. Sologubas. “Now the company’s immediate goal is to prepare a restructuring plan that meets the interests of creditors and the company and to approve it in the court.”

General Manager,

Mindaugas Sologubas

+370 652 11997

Disclaimer & Cookie Notice

Welcome to GOLDEA services for Professionals

Before you continue, please confirm the following:

Professional advisers only

I am a professional adviser and would like to visit the GOLDEA CAPITAL for Professionals website.

Important Notice for Investors:

The services and products offered by Goldalea Capital Ltd. are intended exclusively for professional market participants as defined by applicable laws and regulations. This typically includes institutional investors, qualified investors, and high-net-worth individuals who have sufficient knowledge, experience, resources, and independence to assess the risks of trading on their own.

No Investment Advice:

The information, analyses, and market data provided are for general information purposes only and do not constitute individual investment advice. They should not be construed as a basis for investment decisions and do not take into account the specific investment objectives, financial situation, or individual needs of any recipient.

High Risks:

Trading in financial instruments is associated with significant risks and may result in the complete loss of the invested capital. Goldalea Capital Ltd. accepts no liability for losses incurred as a result of the use of the information provided or the execution of transactions.

Sole Responsibility:

The decision to invest or not to invest is solely the responsibility of the investor. Investors should obtain comprehensive information about the risks involved before making any investment decision and, if necessary, seek independent advice.

No Guarantees:

Goldalea Capital Ltd. makes no warranties or representations as to the accuracy, completeness, or timeliness of the information provided. Markets are subject to constant change, and past performance is not a reliable indicator of future results.

Regional Restrictions:

The services offered by Goldalea Capital Ltd. may not be available to all persons or in all countries. It is the responsibility of the investor to ensure that they are authorized to use the services offered.

Please note: This disclaimer is for general information purposes only and does not replace individual legal or tax advice.