bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Tuesday 19.06.2018 | Name days: Nils, Viktors
LatviaLatvia

Supreme Court to review feud on Ventbunkers shares rights

FaceBook
Twitter
Draugiem
print
(No Ratings Yet)

The Senate of the Supreme Court (SC) will be reviewing the complaint submitted by Yelverton Investment B.V. in the feud for the ownership of 29.08% of Venbunkers shares on Friday, January 18.

The enterprise submitted the complaint in regard to SC November 12, 2012 decision, which declined securing a plea. The plaintiff had asked the Court to prohibit the defendants – companies Steropes Limited, Gyges Limited, SIA Kement, AS Topmar Baltic Investments, as well as Martins Kveps and Raimonds Grinins – to submit applications to the Enterprise Register about changes in the Board and Council of Ventbunkers.

The enterprise also requested the Court to prohibit the aforementioned defendants to take office in the Board and Council of Ventbunkers and hold shareholder meetings. In addition, the Court was asked to include the prohibition in the commercial register, which would prevent the mentioned individuals take office in the Board and Council of Ventbunkers.

The SC decision to decline the complaint was justified by the fact that securing the request of Yelverton Investment B.V. is directed towards prohibition and/or limitation of use of voting rights, but it does not comply with Point 5 of Part 1 of Section 138 of the Civil Process Law.

The SC had planned to begin the review in November 2012, but due to the submission of the additional plea, this case was removed from consideration.

It was also planned to review the case on April 26, but it was postponed because the SC could not be sure about Ventbunkers‘ representative Kveps’ authority after the April 20, 2012 change in the Board of this company.

The plea was submitted to the SC against Ventbunkers, Grinins, Valery Godunov, Kveps, AS Topmar Baltic Investments and Kemet, as well as British Virgin Islands registered Gyges Limited and Steropes Limited. AS Optima Management, once the owner of 1.39% of Ventbunkers shares, is listed in the plea as a third party.

As it is known, Riga Regional Court declined the plea of Yelverton Investment B.V. on December 16, 2010. The company then submitted an appeal to the SC.

Yelverton Investment B.V. asked in its plea to declare the changes made to the shareholder register and decisions made on the December 18, 2009 shareholder meeting void, as well as confirm the company’s rights for the 13 960 shares of Ventbunkers and secure 160 000 LVL for the company as compensation for losses.

The Regional Court had declared that the securing of the plea of March 2010 – prohibition for Gyges Limited and Steropes Limited to partake in Ventbunkers shareholders meetings and use any rights – is also subject to cancellation.

Ventbunkers representative Aivars Gobins previously stated that the foreign firms Steropes Limited and Gyges Limited present themselves as owners of 29.08% of Ventbuners shares based on fabricated documents.

“Both firms are registered on the British Virgin Isles, and the only link they have to Ventspils is that the real beneficiaries are former Ventspils nafta officials Igor Skoks and Gennady Shevtsov. Ventbunkers did not and does not have any judicial relations with both of these firms,” – said Gobins.

BNN previously reported that the Supreme Court Senate Department of Civil Cases declined Yelverton Investment B.V. February 24, 2012, submitted plea, saying that Steropes Limited and Gyges Limited are Ventbunkers shareholders.

It should be added that individuals linked to Steropes Limited and Gyges Limited previously spread false information about the SC’s decision to the press.

The fabricated announcements in the press stated that the information was allegedly prepared by the SC, even though the SC had never given the press any information in regard to this case, as previously stated by Yelverton Investments B.V.

«This is yet another time the controversial person Kveps blatantly lies to the public. Kveps is accused of serious financial crimes. He is a lawyer close to the political party’s «underground oligarch» Olafs Berkis. By distorting the essence of the Supreme Court ruling, Kveps clearly disrespects the Supreme Court and Latvian court system as such,» emphasized Rudolf Meroni, Ventbunkers Supervisory Board Chairman and authorized representative of the Dutch companies – Yelverton Investment B.V. and Yelverton Investments B.V.

The only legitimate Ventbunkers shareholders are companies registered in the Netherlands – Yelverton Investment B.V., Yelverton Investments B.V., SIA IAG, Austrian company IAG Industrieanlagen GmbH, SIA Kement, SIA Topmar Baltic Investments, a/s Optima management, a/s Investment Activity, as well as Aivars Lembregs, Anrijs Lembergs and Liga Lemberga.

There are no other legitimate Ventbunkers shareholders. British Virgin Islands companies Steropes Limited and Gyges Limited have never been Ventbunkers shareholders.

Ref: 102.109.109.5723


Leave a reply

Corruption watchdog requests criminal prosecution of Bank of Latvia head

Latvia’s Corruption Prevention and Combating Bureau has sent materials of a criminal case to the prosecutor’s office with a request to commence criminal prosecution of Bank of Latvia governor Ilmārs Rimšēvičs and businessman Māris Martinsons.

Riga City Council votes to add Vidzeme market to Riga Central Market’s capital

Riga City Council’s City Property Development Committee has voted in favour of adding Vidzeme Market to AS Riga Central Market’s capital. Opposition members voted against this during the meeting.

Police dismantle criminal group specialising in storage and transportation of excise goods

Officers of Latvia’s State Revenue Service discovered a suspicious shipment during a routine inspection of a vehicle at Riga Passenger Port. With help from State Police, officers found more than 2.3 million illegal cigarettes and 960 litres of spirit, as confirmed by police.

airBaltic receives its ninth Bombardier CS300 aircraft

On 17 June, Latvia’s airBaltic airline received its ninth Bombardier CS300 aircraft. The airline plans to expand its existing aircraft fleet with 14 CS300 aircraft before the end of the year.

Employment agency invites employers to apply for new job support programme

Employers will be able to apply for participation in a programme of the European Social Fund to help create subsidized jobs for unemployed people. Eighteen offices of Latvia’s State Employment Agency will be offering registration until 27 June.

Programme: government continues working on MPC plan’s cancellation

The disproportionate mandatory procurement component costs have become one of the biggest political scandals in Latvia since autumn last year. Attempts to put an end to the MPC system are continuing alongside the search of those responsible for the dysfunctional system. The government’s work group say it is impossible to completely cancel the system, as reported by Nekā Personīga programme.

De Facto: ABLV Bank’s self-liquidation – controlled or not so much?

«Controlled self-liquidation» – this is the undefined procedure Finance and Capital Market Commission has picked for ABLV Bank. This decision came after three months of document assessment, discussions with politicians and active media campaigns, as noted by De Facto journalists.

Latvia police investigate link between murdered insolvency administrator and missing businessman

Latvia’s State Police have begun an investigation of a possible link between the murdered insolvency administrator Mārtiņš Bunkus and the missing businessman Andris Bojārs, as confirmed by police representative Ilze Jurēvica.

Hundreds of migrants rejected in Italy allowed to leave ships in Spain

Migrants taken on rescue ships in the Mediterranean Sea and turned away by Italy and Malta have arrived in Spain's port of Valencia as three ships arrived in the harbour, including the Aquarius, which rescued the 630 migrants the week before.

Monday expected to be exceptionally hot in Latvia

Cool masses of air will flow into Latvia at the beginning of the week. Wind speed will increase as well. Several rain-cloud zones will pass through the country. Monday is expected to be the hottest day of this week in Latvia, as air temperature will likely reach +23° C… +26° C in most of the country. South-east regions of Latvia may even experience air temperature of +29° C.

Week in Lithuania. Lithuanian Railways joins European train system Interrail

Lithuanian state railway company Lietuvos Geležinkeliai has joined Interrail, a European train system that allows passengers to buy cheaper tickets for train travel across Europe.

Zolitūde tragedy lawyer criticises Latvian laws as favourable to insolvency administrators, not business owners

Outspoken Latvian lawyer, Aldis Gobzems, who defends in civil trials the victims of the Zolitūde supermarket collapse, where 54 people died and dozens suffered injuries, has joined the KPV LV party for the parliamentary election and is pointing to perceived political support to a few successful insolvency administrators.

Eurozone simulation with monthly billions to be quit in 2018

The European Central Bank has stated it would quit end its massive programme to stimulate the eurozone economy by buying bonds for 30 billion euros each month in December.

Human traffickers in Hungary sent to prison for 71 people dead in meat truck

For the deaths of 71 migrants, who suffocated in a sealed meat truck in Hungary in August 2015, a Hungarian court has sentenced four men to 25-year jail terms after finding them guilty of people-smuggling.

Lithuanian employers bristle against minimum wage raise to 450 euro

The disparities of the socio-economic development of the regions are very high in Lithuania, so raising the minimum wage from 400 euros now to 450 euros as suggested by the Lithuanian Government would cripple many small and medium-sized business owners in the less prosperous regions and the municipalities, Lithuanian economists caution. The minimum wage was raised in Lithuania by 20 per cent to 400 euros last year.

No-confidence vote on Latvian Justice Minister postponed to June 20

In the Latvian parliament, two motions asking for the resignation of Latvian Justice Minister Dzintars Rasnačs have been submitted and the vote is expected to take place on June 20.

Judge urges to stop testing politicians for cooperation with Soviet KGB

As Latvian politicians running in elections have to acknowledge that they have not worked for the Soviet State Security Committee during the Soviet occupation of the country, courts have since 1995 been looking into cases of possible cooperation and now, due to the lack of evidence, politicians should drop the evaluation of possible cooperation with the KGB, suggested a judge at the Riga Regional Court.

State budget income up 11% in Latvia this year

In the Latvian state budget, a total of 3.8 billion euros have been paid in the first five months of 2018, which is by 11% more than in the respective period last year, the Latvian State Revenue Service stated.

Volkswagen fined billion euros for diesel exhaust scheme

German car maker Volkswagen has been fined one billion euros by German prosecutors for its diesel emissions scandal and the car firm's management has stated it did not plan to appeal against the fine.

U.S.: Sanctions against North Korea to remain until complete denuclearisation

The U.S. has warned North Korea that it would not see any economic sanctions lifted until it has demonstrated «complete denuclearisation», according to U.S. Secretary of State Mike Pompeo.

Popular restaurant chain denies alleged tampering with cash registers

Criminal police in Latvia has conducted searches at the popular Riga restaurant chain Vairāk Saules on suspicion of alleged tampering with its cash registers.

Pigs in first swine fever-hit farm culled

As to the first case of domestic pigs in Latvia being infected with the African swine fever virus in 2018, Latvian veterinary authorities have culled 165 pigs in the affected farm in central Latvia.

Bank of Latvia head appeals against decision to remove his access to state secrets

The Bank of Latvia President, Ilmārs Rimšēvičs, who is suspected of accepting a bribe, has appealed to the Prosecutor General, Ēriks Kalnmeiers, against the decision by the Latvian Constitution Protection Bureau to remove his permit to access state secrets.

Charging electric car to cost 15 cents per minute in Latvia

As Latvia builds its network of 150 quick charging stations for electric vehicles, the Latvian government has approved the cost of the service at 15 euro cents per minute with the value added tax.

Bank watchdog allows ABLV Bank to perform voluntary liquidation

Latvian Financial and Capital Market Commission (FCMC) has decided at a board meeting to allow ABLV Bank to start its voluntary liquidation process.

Newest comments

Have you been offered a bribe for particular choice in election?

View Results

Loading ... Loading ...

Polls Archive



Category feed: Feed: