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Thursday, 25.04.2024, 08:34
Supreme Court orders Kargins and Krasovickis to pay over EUR 2 million to Reverta
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Therefore, the court has ruled in favor of Reverta claiming that Kargins and Krasovickis pay what they owe the company, while Kargins and Krasovickis' counterclaim, filed in October 2010, was turned down, the Supreme Court's press secretary Baiba Kataja told.
According to the Supreme Court, Kargins will have to pay his EUR 2,078,304 debt to Reverta plus EUR 373,753 interest, as well as cover part of litigation expenses. Krasovickis must pay Reverta EUR 596,027 debt and EUR 107,186 interest, and cover the other part of litigation expenses.
Both sides have thirty days to appeal the court ruling if they wish.
The Riga Regional Court at the beginning of 2014 ruled that Kargins and Krasovickis had to return several million euros they had borrowed from the bank, and rejected their counterclaim.
The other dispute between Reverta, Kargins and Krasovickis, worth EUR 86,759,288.5 is still being reviewed by the Civil Cases Department of the Supreme Court.
As reported, the state took over Kargins and Krasovickis' shares in Parex Banka on December 5, 2008. Parex Banka changed its name to Reverta in 2012.
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