Insolvency of AS Latvijas Krājbanka

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TGS advises SIA KPMG Baltics, the insolvency administrator of AS Latvijas Krājbanka, on the general dispute resolution strategy and supervision of the most complex debt and loss recovery cases of insolvent AS Latvijas Krājbanka on an ongoing basis. In addition, the firm represents KPMG Baltics in several litigation processes, including against the former board and council member of AS Latvijas Krājbanka and correspondent bank Meinl Bank AG on losses caused to the bank and its creditors. Provided advice includes (cross-border) claims of collection of illegally transferred funds, claims against management of AS Latvijas Krājbanka and representation of the insolvency administrator in court.