Skrastiņš & Dzenis represents the former shareholders of the Parex banka in a damages case

On June 7 Riga District court delivered judgement in one of the series of damages cases where a damages claim was brought by JSC Reverta (former Parex banka) against the former shareholders. In this case the claimant was seeking to recover damages in the amount exceeding one million EUR as well as asks for collateral in the amount of 2.4 million EUR to secure the forthcoming losses caused by possible outstanding tax liabilities.

By its judgement, Riga District court satisfied JSC Reverta claim only partly (only 14.2 thousand EUR out of nearly one million was awarded in damages as well as the request for collateral satisfied). Full text of the judgement is available on 14 June 2013.