Announcement pursuant to Article 13 of Directive 2001/24/EC of the European Parliament and of the Council on the reorganisation and winding up of credit institutions concerning the liquidation and subsequent winding-up of Baltic International Bank SE [Latvian credit institution in liquidation] 2023/C 202/06
Date: 2023-06-09
Institutions: Directorate-General for Financial Stability, Financial Services and Capital Markets Union, European Commission
Subjects: Latvia, bank, credit institution, judicial proceedings, liquidation








C_2023202EN.01003101.xml










9.6.2023   


EN


Official Journal of the European Union


C 202/31






Announcement pursuant to Article 13 of Directive 2001/24/EC of the European Parliament and of the Council on the reorganisation and winding up of credit institutions concerning the liquidation and subsequent winding-up of Baltic International Bank SE [Latvian credit institution in liquidation]
(2023/C 202/06)

Invitation to lodge a claim. Time limits to be observed.

By decision of the Court of Economic Affairs dated 24 March 2023 in civil case No. C75010823, Baltic International Bank SE, reg. No. 40003127883, was recognised as the institution to be liquidated, and the process of its liquidation was initiated. Olavs Cers, a sworn attorney, has been approved as the liquidator of Baltic International Bank SE.
Claims of creditors and claims of other persons, as well as other claims against the Baltic International Bank SE being liquidated must be submitted to the liquidator until 30 June 2023. Claims of creditors submitted after the specified deadline shall be considered and satisfied in accordance with the procedure established by Paragraph 3, Section 139.3 of the Credit Institution Law.
The place of work of the liquidator of Baltic International Bank SE during the liquidation process is Riga, 6 Grēcinieku Street, LV-1050, contact phone +371 67000444 or +371 67365865 (working days from 9:00 a.m. to 5:00 p.m.). E-mail address for communication bib.likvidators@cersjurkans.lv.
The creditor’s application must be drawn up in the Latvian language. A notarized translation into Latvian must be attached if it is drawn up in another language. The creditor’s application must be accompanied by the original documents, or, upon presentation of the originals, notarized copies of documents that comply with the requirements of the Hague Convention Abolishing the Requirement of Legalisation for Foreign Public Documents 1961.
Creditors must calculate the total amount of their claims in foreign currency in the claim and specify it in euro in accordance with the foreign exchange rate set by the European Central Bank as of 12 December 2022.
Claims of the creditors of Baltic International Bank SE being liquidated and supporting documents can be submitted by addressing them to the liquidator of Baltic International Bank SE being liquidated, Olavs Cers:






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in person in Riga, 9-4 Strēlnieku Street, on working days from 9:00 a.m. to 5:00 p.m.;










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by sending by mail as registered mail to the address 9-4 Strēlnieku Street, Riga, LV-1010, Latvia;










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by sending the creditor's claim, drawn up in accordance with the Electronic Documents Law of Latvia in the form of an electronic document signed with a secure electronic signature and containing a time stamp, to the liquidator’s e-mail address: bib.likvidators@cersjurkans.lv.




If the creditor attaches derivative documents to the creditor’s claim, the liquidator shall have the right to demand the presentation of the original documents, and the creditor shall be obliged to submit them. The liquidator has the right to request other documents or their derivatives if it is necessary for making a decision on the creditor’s claim.
Detailed information on the requirements for filing a creditor’s claim can be found on the website of Baltic International Bank SE being liquidated: https://www.bib.eu/en/news/03/29/notification-commencement-liquidation-baltic-international-bank-se-filing-creditors-claims-claims