Latvia, Markets and Companies

International Internet Magazine. Baltic States news & analytics Wednesday, 20.03.2019, 18:07

Basketball club "ASK Riga" ruled insolvent

Nina Kolyako, BC, Riga, 09.06.2009.Print version
Riga Central District Court today ruled the basketball club "ASK Riga" insolvent. The basketball club was ruled insolvent as of April 24, as Kaspars Sadauskis, aide to the court's chairperson, informed LETA.

Creditors' claims will be accepted for three months from the day the club is registered insolvent in the insolvency register.

 

As reported, Riga Central District Court launched insolvency proceedings against "ASK Riga" on April 28 following petitions from former "ASK Riga" player Gatis Jahovics and the travel agency "Airtour.lv".

 

"ASK Riga's" debts are estimated at LVL 1,400,902 at the moment.

 






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