Financial Services, Latvia, Legislation, Markets and Companies, Metals Market

''At the moment, the creditors are not seeing any signs from the company's shareholders that they are ready to communicate with us to attempt to rescue the company. Instead, they are concentrating all of their energy squabbling with one another. This is delaying normal work,'' Dzelme said.

She added that the shareholders and creditors only communicate when necessary, and that the shareholders have not shown any initiative in the development of the company, nor submitted any proposals to try to rescue the company.

''We have not seen any interest from the shareholders in the company,'' Dzelme added.

As reported, Liepaja Court has ruled in favor of Liepajas metalurgs’s request to extend the deadline for drafting and harmonizing the company's legal protection plan for one month, Liepaja Court confirmed to LETA on Monday.

Liepaja Court had received the request last week, along with an explanation that more time is necessary to fine-tune the previous draft plan; also – to meet the interests of creditors to the maximum.