natgillin/translations-raw huggingface dataset:
The Commission decision to initiate the procedure was published in the Official Journal of the European Union [3] on 8 March 2013.
Medtem ko se je trg prevoza potnikov, ki potujejo na direktnih progah, v povprečju povečal za 9 % na leto, se je trg prevoza transfernih potnikov povečal za 18 % na leto.
The Commission received observations from Ryanair and airBaltic, as well as three individuals on behalf of creditors of airBaltic (FLS, AB Jet and Eurobalt Junipro).
Mednarodno letališče v Rigi je vodilno letališče v baltski regiji.
The Commission forwarded these observations to Latvia, which was given the opportunity to react; Latvia's comments were received by letter dated 27 May 2013.
Leta 2011 je v Rigo in iz nje potovalo približno 5,1 milijona potnikov, medtem ko je v Talin in iz njega potovalo 1,9 milijona, v Vilno in iz nje pa 1,7 milijonov potnikov.
By letter dated 4 July 2014, Latvia agreed to waive its rights deriving from Article 342 TFEU in conjunction with Article 3 of the EC Regulation (EC) No 1/1958 and to have the present decision adopted and notified in English.
Z družbo airBaltic je leta 2011 potovalo 66 % potnikov, ki so leteli prek Rige, z družbo Ryanair, ki je drugi največji prevoznik in glavni konkurent družbe airBaltic, pa je potovalo 20 % potnikov.
THE LATVIAN AIR TRANSPORT MARKET
Lete v Rigo in iz nje je opravljalo tudi 15 drugih družb (ponudniki celotnih storitev in nizkocenovni prevozniki), s katerimi je potovalo 14 % vseh potnikov [4].
The air transport market in Latvia has rapidly expanded since Latvia joined the EU.
UPRAVIČENEC
Between 2003 and 2007, the annual average growth of passengers at Riga International Airport — including point-to-point and transfer passengers — reached 47 %, passing from approximately 700000 passengers in 2003 to 3,2 million in 2007.
Družba airBaltic je bila ustanovljena leta 1995 s skupno naložbo družbe Scandinavian Airlines SAS in latvijske države.
The entry of low-cost carriers, especially Ryanair, contributed to the market growth as substantial new demand was created with the opening of new routes.
Družba SAS je januarja 2009 svoj celotni delež v družbi (47,2 %) prodala družbi BAS.
The global economic crisis of 2008-2009 severely hit the economic growth of Latvia and as a consequence its air transport market.
Od oktobra 2011 so bili delničarji družbe airBaltic latvijska država, ki je imela prek ministrstva za promet v lasti 52,6 % delnic, in družba BAS, ki je bila lastnica 47,2 % delnic, ostale delnice (0,2 %) pa so bile v lasti ruskega letalskega prevoznika Transaero.
As a result of the crisis, the number of point-to-point passengers in Latvia decreased from 3,2 million in 2008 to 2,7 million in 2009, although the total number of passengers continued to grow thanks to transfer passengers.
Takratni predsednik in izvršni direktor družbe airBaltic je bil Bertolt Flick.
As of 2010, overall market growth resumed, reaching an average 12 % annual growth.
Od 1. novembra 2011 je izvršni direktor družbe airBaltic Martin Gauss, nekdanji izvršni direktor družbe Malév.
While the point-to-point passenger market has increased on average 9 % annually, the increase in the transfer passenger market reached 18 % per year.
Glede na informacije, ki so jih predložili latvijski organi, se zdi, da je družba BAS pri banki Latvijas Krājbanka, ki je latvijska podružnica litovske banke Snoras [6], zastavila svoj 47,2-odstotni delež v družbi airBaltic za zavarovanje.
Going forward, it is expected that the Latvian air transport market will continue to grow at an annual growth rate of 7 % between 2012 and 2015.
Banka Snoras je 16. novembra 2011 propadla in je bila nacionalizirana [7].
In 2011, approximately 5,1 million passengers travelled to/from Riga, compared to 1,9 million passengers travelling to/from Tallinn and 1,7 million passengers travelling to/from Vilnius.
Z odredbo FKTK z dne 21. novembra 2011 so bili ustavljeni vsi posli banke Latvijas Krājbanka in imenovani upravitelji [9].
In 2011, airBaltic carried 66 % of the passengers flying via Riga, while Ryanair, second largest operator and main competitor of airBaltic, carried 20 %.
Glede na predložene informacije se zdi, da družba BAS ni izpolnila nekaterih finančnih obveznosti do banke Latvijas Krājbanka.
15 other companies operated to/from Riga (full-service providers and low-cost carriers) accounting for 14 % of all passengers.
Zato je Latvijas Krājbanka 30. novembra 2011 prodala vse delnice družbe airBaltic razen ene, ki je bila prej v lasti družbe BAS, ministrstvu za promet po nominalni vrednosti, in sicer v skupnem znesku 224453 LVL (317787 EUR) [10].
[4]
S tem se je delež Latvije v družbi airBaltic povečal na 99,8 %, družba BAS pa je obdržala samo eno delnico.
THE BENEFICIARY
Glede na poročanja medijev se zdi tudi, da so delničarji družbe BAS pri banki Latvijas Krājbanka zastavili svoje delnice BAS za zavarovanje [11].
airBaltic was established in 1995 through a joint venture between Scandinavian Airlines SAS and the Latvian State.
V okviru postopka zaradi insolventnosti v zvezi z družbo BAS [12] je podružnica banke Latvijas Krājbanka 6. februarja 2012 prevzela delnice družbe BAS od njenih prejšnjih delničarjev in imenovala novo vodstvo.
In January 2009, SAS sold its entire stake in the company (47,2 %) to BAS.
Poleg tega naj bi latvijska država 8. junija 2012 od družbe BAS kupila njeno edino delnico družbe airBaltic za 1 LVL.
From information published in the press, it appears that BAS was set up as a private company wholly owned by Mr Bertolt Flick until December 2010, when 50 % of its shares were transferred to the Bahamas-registered Taurus Asset Management Fund Ltd (‘Taurus’).
Zato družba BAS od navedenega datuma ni več delničarka družbe airBaltic [13].
As of October 2011, airBaltic's shareholders were the Latvian State — through the Ministry of Transport — with 52,6 % of the shares and BAS with 47,2 %, the rest (0,2 %) being held by the Russian airline Transaero.
V zvezi s finančnim položajem družbe airBaltic so latvijski organi pojasnili, da so se težave družbe začele leta 2008 zaradi svetovne gospodarske recesije in velikega zvišanja cen nafte.
At the time, the president and CEO of airBaltic was Mr Bertolt Flick.
Zato je imela družba airBaltic leta 2008 izgubo v višini 28 milijonov LVL (39,64 milijona EUR).
Since 1 November 2011, the CEO of airBaltic is Mr Martin Gauss, former CEO of Malév.
Vendar je leta 2009 ustvarila dobiček v višini 14 milijonov LVL (19,82 milijona EUR) [14].
On the basis of the information provided by the Latvian authorities, it appears that BAS had pledged its 47,2 % shareholding in airBaltic as collateral to Latvijas Krājbanka, the Latvian subsidiary of the Lithuanian bank Snoras [6].
Leta 2010 pa je spet ustvarila izgubo v višini 34,2 milijona LVL (48,42 milijona EUR).
On 16 November 2011, Snoras collapsed and was nationalised [7].
Latvijski minister za gospodarstvo je junija 2011 povedal, da je družba airBaltic v prvih petih mesecih leta 2011 ustvarila izgubo v višini 18 milijonov LVL (25,48 milijonov EUR) in je na robu stečaja [15].
On 17 November 2011, the Finance and Capital Markets Commission of Latvia (‘FCMC’) ordered a limitation of the banking operations of Latvijas Krājbanka in excess of EUR 100000 [8].
Družba je 21. septembra 2011 vložila prošnjo za pravno varstvo pred terjatvami svojih upnikov [16].
By order of the FCMC of 21 November 2011, the operations of Latvijas Krājbanka were suspended and a management of trustees was appointed [9].
Revidirani poslovni rezultati za leto 2011 kažejo izgubo v višini 83,5 milijona LVL (118,22 milijona EUR).
According to the information provided, it appears that BAS defaulted on some of its financial obligations towards Latvijas Krājbanka.
Latvija je 27. avgusta 2012 objavila vabilo, v katerem je morebitne vlagatelje pozvala, naj izrazijo zanimanje za pridobitev 50-odstotnega deleža kapitala družbe airBaltic minus eno glasovalno pravico [17], čeprav drugačne transakcije niso bile izključene.
As a result, on 30 November 2011, Latvijas Krājbanka sold all except one of the airBaltic shares previously owned by BAS to the Ministry of Transport at their nominal value, totalling LVL 224453 (EUR 317787).
Glavna merila za izbiro vlagatelja bi vključevala sposobnost podpreti razvoj družbe airBaltic, ugled in izkušnje vlagatelja ter njegova finančna sredstva.
As a result, Latvia's shareholding in airBaltic increased to 99,8 %, while BAS retained just one share.
Postopek naj bi se končal leta 2014.
It also appears from the press that the shareholders of BAS had also pledged their shares in BAS as security with Latvijas Krājbanka [11].
OPIS UKREPOV
On 6 February 2012, in the context of insolvency proceedings relating to BAS, [12] a subsidiary of Latvijas Krājbanka took over BAS' shares from its prior shareholders and appointed a new management.
SPORAZUM Z DNE 3.
Finally, it appears that on 8 June 2012 the Latvian State purchased from BAS its sole share in airBaltic for LVL 1.
OKTOBRA 2011: PRVO DRŽAVNO POSOJILO IN POSOJILO DRUŽBE BAS
Therefore, as of this date, BAS is no longer shareholder of airBaltic [13].
Na podlagi sporazuma z dne 3. oktobra 2011 (v nadaljnjem besedilu: sporazum) je Latvija družbi airBaltic odobrila posojilo v višini 16 milijonov LVL (22,65 milijona EUR) (v nadaljnjem besedilu: prvo državno posojilo, ukrep 1) poleg posojila družbe BAS v višini 14 milijonov LVL (19,82 milijona EUR) (v nadaljnjem besedilu: posojilo družbe BAS).
In relation to the financial situation of airBaltic, the Latvian authorities have explained that the difficulties of the company started in 2008, due to the global economic recession and the drastic oil price increase.
Pogoji obeh posojil so bili povezani in enaki, začetna obrestna mera pa je bila določena na [11–13] [18] %.
As a result, in 2008 airBaltic had losses of LVL 28 million (EUR 39,64 million).
Vendar se je družba BAS v času odobritve posojila družbi airBaltic odrekla pravici do zavarovanja svojega posojila.
In 2009, the company however turned back to profits of LVL 14 million (EUR 19,82 million).
Sporazum je določal tudi, da bo država družbi airBaltic najpozneje 15. decembra 2011 odobrila dodatno posojilo v nedoločenem znesku v sorazmerju s svojimi glasovalnimi pravicami in pod enakimi pogoji kot prvo državno posojilo.
In 2010, airBaltic again made losses of LVL 34,2 million (EUR 48,42 million).
Obe državni posojili bi se kapitalizirali po izpolnitvi več pogojev, vključno z odobritvijo poslovnega načrta ali načrta za prestrukturiranje s strani odbora družbe airBaltic.
In June 2011, the Latvian Minister of Economy said that airBaltic operated with a loss of LVL 18 million (EUR 25,48 million) in the first five months of 2011 and was close to bankruptcy.
Člen 7 sporazuma je določal pogoje za prihodnje povečanja kapitala družbe airBaltic.
airBaltic filed for legal protection from its creditors on 21 September 2011.
Natančneje, člen 7.3 je določal, da „se lahko znesku, ki bo kapitaliziran, […] dodata državno posojilo in posojilo družbe BAS“.
The audited results for 2011 show a loss of LVL 83,5 million (EUR 118,22 million).
V skladu s členom 7.4 se je družba BAS zavezala, da bo glasovala za kapitalizacijo posojila in povečanje kapitala.
On 27 August 2012, Latvia published an invitation for potential investors to express their interest in acquiring 50 % minus one vote of airBaltic's capital, [17] although transactions of a different nature were not excluded.
Če družba BAS svojih zavez ne bi izpolnila, bi imela država v skladu s členom 7.4 pravico, da od družbe BAS kupi delnice družbe airBaltic za 1 LVL [19].
The main criteria for choosing an investor would be the ability to support airBaltic's development, the investor's reputation and experience as well as its financial resources.
Latvijska vlada je 13. decembra 2011, ko se je delež Latvije v družbi airBaltic povečal na 99,8 % (glej uvodno izjavo 21), sklenila, da odobri znižanje obrestne mere za prvo državno posojilo z [11–13] % na [2–4] %.
The process is aimed for conclusion during 2014.
Prvo državno posojilo in posojilo družbe BAS sta bili povezani (glej uvodno izjavo 26), zato se je za posojilo družbe BAS uporabilo enako znižanje obrestne mere.
DESCRIPTION OF THE MEASURES
DRUGO DRŽAVNO POSOJILO Z DNE 13.
THE 3 OCTOBER 2011 AGREEMENT: THE FIRST STATE LOAN AND THE BAS LOAN
DECEMBRA 2011
On the basis of an agreement dated 3 October 2011 (‘the Agreement’), Latvia agreed to provide to airBaltic a loan of LVL 16 million (EUR 22,65 million) (‘the first State loan’, measure 1) alongside another loan of LVL 14 million (EUR 19,82 million) from BAS (‘the BAS loan’).
Latvijska vlada se je 13. decembra 2011, ko je bilo odobreno znižanje obrestne mere za prvo državno posojilo (glej uvodno izjavo 30), odločila, da bo družbi airBaltic odobrila konvertibilno posojilo v višini 67 milijonov LVL (94,86 milijonov EUR), razdeljeno na dve tranši, z obrestno mero [9–11] % (v nadaljnjem besedilu: drugo državno posojilo, ukrep 2) [20].
However, at the time of granting the loan to airBaltic, BAS waived its right to have the BAS loan collateralised.
DECEMBRA 2011
The Agreement also stipulated that no later than 15 December 2011, the State would grant an additional loan to airBaltic for an undetermined amount in proportion to its voting rights, on identical conditions to the first State loan.
Na srečanju delničarjev družbe airBaltic 22. decembra 2011 sta se latvijska država in družba BAS, čeprav je imela takrat samo eno delnico družbe, dogovorili za povečanje kapitala v višini 110 milijonov LVL (155,74 milijona EUR) (v nadaljnjem besedilu: povečanje kapitala, ukrep 3).
Both State loans were to be capitalised if a number of conditions were met, among which the approval by the board of airBaltic of a business/restructuring plan.
To naj bi se doseglo s pretvorbo prvega državnega posojila, prve tranše drugega državnega posojila in posojila družbe BAS v kapital ter z denarnim prispevkom družbe BAS v višini 37,7 milijona LVL (53,38 milijona EUR).
Article 7 of the Agreement provided for the conditions of the future capital increase of airBaltic.
Latvijska država je 29. decembra 2011 izvršila svojo odločitev za sodelovanje pri povečanju kapitala družbe airBaltic ter pretvorila prvo državno posojilo in prvo tranšo drugega državnega posojila v kapital.
Under Article 7.4, BAS undertook to vote for the capitalisation of the loan and for the capital increase.
Kljub zahtevam latvijskih organov se je zdelo, da družba BAS ni pripravljena spoštovati dogovora, sklenjenega na srečanju delničarjev.
In case BAS would not fulfil its commitments, Article 7.4 provided the State the right to purchase from BAS its shares in airBaltic for LVL 1.
Pravzaprav je družba BAS v dopisih, poslanih od 6. do 26. januarja 2012, oporekala pridobitvi delnic airBaltic, ki jih je država pridobila od banke Latvijas Krājbanka, prej pa jih je imela v lasti družba BAS (glej uvodno izjavo 21), in zahtevala, da se država vzdrži sprejetja odločitev v zvezi s spremembami kapitala družbe airBaltic.
[19]
Komisija FKTK je 19. januarja 2012 izdala uradno prepoved, s katero je družbama BAS in airBaltic prepovedala vključitev posojila družbe BAS v povečanje kapitala.
Latvia granted the first State loan to airBaltic on 21 October 2011 (see recital 3 above).
Družba BAS do 30. januarja 2012, tj. do konca prve faze vpisa za povečanje kapitala, ni pretvorila svojega posojila in prispevala denarnih sredstev.
BAS granted the BAS loan on 1 November 2011.
PRITOŽBA DRUŽBE BAS IN POZNEJŠI DOGODKI
On 13 December 2011, once Latvia's shareholding in airBaltic had increased to 99,8 % (see recital 21 above), the Latvian Government decided to authorise an interest rate cut for the first State loan from [11 — 13] % to [2 — 4] %.
Pritožba, ki jo je Komisija prejela 9. januarja 2012, se je nanašala na prvo in drugo državno posojilo ter povečanje kapitala.
Since the first State loan and the BAS loan were linked (see recital 26 above), the same interest rate cut was applied to the latter.
Poleg tega se je družba BAS pritožila zaradi dveh drugih ukrepov, ki bi lahko pomenila pomoč družbi airBaltic, in sicer zaradi pridobitve brezkuponskih obveznic, ki jih je država aprila 2010 pridobila od družbe airBaltic (ukrep 4), in plačila v višini 2,8 milijona EUR, ki ga je družba airBaltic 21. in 22. novembra 2011 prejela od banke Latvijas Krājbanka (ukrep 5).
THE SECOND STATE LOAN OF 13 DECEMBER 2011
Latvija je pojasnila, da je ukrep 4 pridobitev brezkuponskih obveznic v višini 30 milijonov LVL (42,47 milijonov EUR), ki sta jih od družbe airBaltic pridobila takratna večinska delničarja, tj. latvijska država in družba BAS.
On 13 December 2011, at the same time as the interest rate cut of the first State loan (see recital 30 above), the Latvian Government decided to provide a convertible loan to airBaltic of LVL 67 million (EUR 94,86 million) at an interest rate of [9 — 11] % divided into two tranches (‘the second State loan’, measure 2) [20].
Dela obveznic, ki jih je pridobila Latvija, ni neposredno vpisalo ministrstvo za promet, ki je dejanski lastnik delnic airBaltic, temveč latvijski Državni center za radio in televizijo (v nadaljnjem besedilu: LVRTC), ki je družba v 100-odstotni državni lasti.
The first tranche of the second State loan of LVL 41.6 million (EUR 58,89 million) was immediately made available to airBaltic by agreement of 14 December 2011.
Nominalna vrednost posameznih pridobljenih obveznic, ki so bile brez obresti, je znašala 1 LVL, Latvija in družba BAS pa sta jih kupili v sorazmerju s svojima deležema.
The second tranche of LVL 25,4 million (EUR 35,96 million) was made available to the company on 14 December 2012, i.e. after the Commission had adopted its opening decision.
Tako je latvijska država od družbe airBaltic pridobila brezkuponske obveznice v višini približno 15,78 milijona LVL (22,34 milijona EUR), družba BAS pa v višini približno 14,22 milijona LVL (20,13 milijona EUR).
AIRBALTIC'S CAPITAL INCREASE AGREED ON 22 DECEMBER 2011
Obveznice naj bi se 1. julija 2015 pretvorile v kapital v razmerju ena delnica na obveznico.
During airBaltic's shareholders' meeting of 22 December 2011, the Latvian State and BAS — despite it having only one share in the company at that time — agreed to a capital increase of LVL 110 million (EUR 155,74 million) (‘the capital increase’, measure 3).
V zvezi z ukrepom 5 so latvijski organi pojasnili, da v nasprotju s trditvami pritožnika družba airBaltic 21. in 22. novembra 2011 ni prejela nobenega plačila.
This was to be achieved through conversion into capital of the first State loan, the first tranche of the second State loan and the BAS loan, together with a cash contribution from BAS of LVL 37,7 million (EUR 53,38 million).
Vendar je družba pred sklepom FKTK z dne 17. novembra 2011, da omeji bančne posle nad 100000 EUR, in sklepom FKTK z dne 21. novembra 2011, da ustavi vse posle banke Latvijas Krājbanka (glej uvodno izjavo 20), tej banki predložila tri plačilne naloge.
The Latvian State executed its decision to participate in airBaltic's capital increase on 29 December 2011 and proceeded to convert into capital the first State loan and the first tranche of the second State loan.
Latvijas Krājbanka je te naloge izvršila nekaj dni pozneje.
By letter of 4 January 2012, the Ministry of Transport of Latvia requested that BAS participate in the capital increase by converting the BAS loan and injecting the cash.
Natančneje, šlo je za tri transakcije, in sicer plačilo klirinški hiši IATA Clearing House v višini […] milijonov USD in plačilo letališču Riga International Airport v višini […] milijonov EUR, ki sta bili izvršeni 25. novembra 2011, ter prenos […] milijonov EUR na drugi bančni račun družbe airBaltic pri banki Swedbank 30. novembra 2011.
Despite the requests of the Latvian authorities, BAS did not seem inclined to fulfil the agreement reached at the shareholders' meeting.
Načrt reShape iz marca 2012
Indeed, by letters dated 6 to 26 January 2012, BAS contested the State's acquisition from Latvijas Krājbanka of the airBaltic shares that BAS previously owned (see recital 21 above) and requested that the State refrain from adopting decisions concerning changes in airBaltic's capital.
Družba airBaltic je marca 2012 sprejela načrt z naslovom „reShape“.
On 19 January 2012 the FCMC issued a formal prohibition to BAS and airBaltic on including the BAS loan as part of the capital increase
V načrtu je predvidenih veliko ukrepov, vključno z nakupom učinkovitejših letal [21] in zaprtjem nekaterih prog, kar bi družbi v realističnem in optimističnem scenariju omogočilo, da leta 2014 doseže prag dobička.
By 30 January 2012, i.e. the end of the first stage of the subscription implementation period for the capital increase, BAS had neither converted its loan nor injected the cash.
V pesimističnem scenariju pa bi družba ustvarjala izgubo pred obrestmi in davki vsaj do leta 2016.
THE COMPLAINT FROM BAS AND SUBSEQUENT EVENTS
V načrtu reShape je predvideno, da bodo v realističnem scenariju poleg 83 milijonov LVL (117,51 milijona EUR) finančnih sredstev, ki so družbi že obljubljena [22], […] potrebna dodatna sredstva v višini [45–55] milijonov LVL ([64–78] milijonov EUR).
The complaint filed with the Commission on 9 January 2012 concerned the first and second State loans as well as the capital increase.
Ta znesek bi se v optimističnem scenariju znižal na [5–15] milijonov LVL ([7–21] milijonov EUR), v pesimističnem scenariju pa bi se zvišal na [135–145] milijonov LVL ([192–206] milijonov EUR).
In addition, BAS complained about two other measures potentially entailing aid to airBaltic, namely the acquisition by the State of 0 %-coupon bonds from airBaltic in April 2010 (measure 4) and the payment of EUR 2,8 million by Latvijas Krājbanka to airBaltic on 21 and 22 November 2011 (measure 5).
PRITOŽBA Z DNE 18.
Latvia explained that measure 4 entailed the acquisition of LVL 30 million (EUR 42,47 million) of 0 %-coupon bonds from airBaltic in by the majority shareholders of airBaltic at the time, i.e. the Latvian State and BAS.
JULIJA 2012
The part corresponding to Latvia was not directly subscribed by the Ministry of Transport — the actual owner of airBaltic's shares — but by the Latvian State Radio and Television Centre (‘LVRTC’), a 100 % State-owned company.
Pogodbenice sporazuma so poleg Latvije in družbe BAS vključevale več drugih vlagateljev.
The bonds were acquired with a nominal value of LVL 1 each and had no interest, and were purchased by Latvia and BAS in proportion to their shareholding.
Ti so se dogovorili, da bodo družbi airBaltic odobrili dve sindicirani posojili, vsako v višini 35 milijonov EUR, s [5–7]-odstotno začetno obrestno mero.
This would result in the Latvian State acquiring 0 %-interest bonds from airBaltic in an amount of approximately LVL 15,78 million (EUR 22,34 million) and BAS acquiring approximately LVL 14,22 million (EUR 20,13 million).
Sindicirano posojilo 1 naj bi odobrili Latvijas Krājbanka in litovska banka Snoras.
The bonds are to be converted into capital on 1 July 2015, at a rate of one share per bond.
Sindicirano posojilo 2 naj bi odobrilo več družb, vključno z družbo Taurus.
As regards measure 5, the Latvian authorities explained that no payments were made to airBaltic on 21 and 22 November 2011 as alleged by the complainant.
Ti sindicirani posojili naj bi se odobrili za prenovitev več terjatev navedenih zasebnih vlagateljev do družbe airBaltic.
However, airBaltic submitted three payment orders to Latvijas Krājbanka prior to the decisions of the FCMC of 17 November 2011 to limit banking operations above EUR 100000 and to halt all operations of Latvijas Krājbanka on 21 November 2011 (see recital 20 above).
Vlagatelji, ki naj bi družbi airBaltic odobrili sindicirano posojilo 2, vključno z družbo Taurus, ki je delničar družbe BAS, so se dogovorili, da bodo „vse terjatve, ki izhajajo iz […] neodplačanega [sindiciranega] posojila št. 2, odstopili državi ali njeni imenovani družbi in jih prenesli nanjo za znesek 1 LVL“, če družba BAS ne bo izpolnila svojih obveznosti iz člena 7.4 sporazuma.