Bank Snoras property sold on eBay

Already on the first day, banknote counter Glory GFB-800 was sold for USD 370.

“We had to look for alternative sales methods because the electronic auction system is not functioning yet. However, the main reason behind the move is a much larger market of potential buyers. I believe this is the first instance in Lithuanian bankruptcy administration process that property of a bankrupt organisation is sold on an international commerce platform, and yet such a method does not contravene the Lithuanian law or the interests of the bank’s creditors. Of course, we will not be selling Snoras items on eBay actively, but the first try gave us reason for optimism,” said Gintaras Adomonis, the bankruptcy administrator of bank Snoras.

Related Post

Bank Snoras went bankrupt in December 2011. Its former shareholders are wanted in Lithuania but have fled the United Kingdom and are now in hiding.

Share

Recent Posts

  • Foreign affairs

After Nausėda meeting with Budrys, the opposition retorts to the candidate’s “cooling off “

Kęstutis Budrys, the President's Senior Adviser, who has been nominated for the post of Minister…

4 weeks ago
  • Tribune

Rediscover Bulgaria’s Ancient Heritage: Plovdiv’s Restored Eastern Gate and Nebet Tepe

In the heart of Bulgaria, the city of Plovdiv reveals a rich tapestry of ancient…

4 weeks ago
  • Foreign affairs

“No need to mince words”: an assessment of what Trump’s victory means for Lithuania

"We can shout very loudly, but it won't change the position of the American people,"…

1 month ago
  • Latest

Lies, disrespect and mockery: experts assess Blinkevičiūtė’s “gift” to voters without scruples

From mocking messages flooding social networks to harsh criticism from political experts, the decision of…

2 months ago
  • Foreign affairs

Another year in the sovereign history of Kazakhstan

Republic Day has been celebrated in Kazakhstan as the main national date since 2022, giving…

2 months ago
  • Defence

In the assessment of NATO’s readiness for war with Russia, there is also a warning about the Baltic states: what is the Kremlin’s wild card?

According to Lrytas.lt, the North Atlantic Treaty Organisation (NATO) faces a new geopolitical reality with…

2 months ago