Snoras Bank Archives - Page 2 of 3 - the Lithuania Tribune

Panel disussion at the Estonian Chamber of Commerce in Vilnius

Mergers & acquisitions in Lithuania at slow pace in 2015

January 29, 2016 Ludo Segers 0

Global M&A activity grew to record levels in 2015, fuelled by some mega mergers in the pharmaceutical, energy and consumer industries. Lithuania bucked the trend with less consolidation and acquisitions than in the previous year and stood out as the least active in the corporate bond market. The findings on global and regional performance were presented by several industry experts at an event of the Estonian Chamber of Commerce on Wednesday. […]

Bank Snoras property sold on eBay

December 17, 2015 ELTA EN 0

Bankruptcy administrator of bank Snoras has taken an unexpected step in order to sell property of the bankrupt bank as effectively as possible. Snoras’ movable property was put on sale on e-commerce website eBay. Used electronic devices and computer equipment will be sold on the globally popular website. […]

London court puts end to litigation over ex-Snoras owners’ extradition to Lithuania

July 23, 2015 BNS 0

A London court has put an end to litigation over the extradition of Vladimir Antonov and Raimondas Baranauskas, former shareholders of Lithuania’s bankrupt bank Snoras who have recently fled from the UK to Russia. […]

Vladimiras Antonovas, Raimondas Baranauskas

Lithuanian prosecutors still trying to locate former Snoras bank owners

July 21, 2015 BNS 0

Lithuania’s prosecutors are still trying to locate former Snoras Bank shareholders, Vladimir Antonov and Raimondas Baranauskas, who fled from the UK early in July. […]

Bank Snoras headquarters on Vivulskio Street in Vilnius

Bank Snoras headquarters in Vilnius to be sold

July 21, 2015 ELTA EN 0

Bankruptcy administrator of bank Snoras has started a new stage of property sales. The plan is to sell more than 1,500 movable and 250 immovable properties, including the bank’s former headquarters in Vilnius. The building, located on Vivulskio Street, will be the most expensive item on the list. Its initial price will be set at EUR 5.31 million. […]

Britain issues arrest warrants for former Snoras owners Antonov and Baranauskas

July 7, 2015 ELTA EN 0

Great Britain has issued arrest warrants for former owners of Snoras bank Vladimir Antonov and Raimondas Baranauskas who went missing after losing their fight against extradition to face fraud charges in Lithuania, Bloomberg reports. […]

Wanted former owners of bank Snoras disappear in UK

July 3, 2015 BNS 0

British officers are no longer able to find former Snoras Bank shareholders Vladimir Antonov and Raimondas Baranauskas who have to be extradited to Lithuania, the Baltic country’s Prosecutor General‘s Office said on Friday. […]

Vladimiras Antonovas, Raimondas Baranauskas, Naglis Stancikas

Lithuanian bankers contest London court’s ruling on their extradition

May 21, 2015 BNS 0

Vladimir Antonov and Raimondas Baranauskas, former shareholders of Lithuania’s bankrupt bank Snoras, continue to fight their extradition to Lithuania, where they face fraud charges. […]

Lithuanian prosecutors expect Snoras ex-owners to be extradited soon

May 6, 2015 BNS 0

Lithuania’s Prosecutor General‘s Office expects Vladimir Antonov and Raimondas Baranauskas, former shareholders of Lithuania’s bankrupt bank Snoras, to be extradited to Lithuania shortly. […]

London court rules to extradite former Snoras bank owners to Lithuania

May 6, 2015 BNS 0

Vladimir Antonov and Raimondas Baranauskas, former shareholders of Lithuania’s bankrupt bank Snoras, shall be extradited to Lithuania, two judges of the High Court in London have said after hearing the case, the web portal lrytas.lt reports. […]

Lithuanian banker fails to show up at extradition hearing in London court

February 12, 2015 BNS 0

Vladimir Antonov, former shareholder of Lithuania’s bankrupt bank Snoras, on Wednesday skipped a hearing of his extradition case at the High Court in London. […]

Snoras Bank documents transferred from Switzerland to Lithuania

December 17, 2014 ELTA EN 0

The Financial Crime Investigation Service (FNTT) probe, headed by the Prosecutor General‘s Office, into possible financial crimes committed by the heads and shareholders of bank Snoras has advanced further. […]

Bankruptcy administrator of Bank Snoras forms his team

December 9, 2014 ELTA EN 0

Specialists from law firm Tark Grunte Sutkiene (TGS) and audit company Deloitte will work in Bank Snoras bankruptcy administrator Gintaras Adomonis’ team during the takeover procedure of the administration of the bank. Meanwhile, British law firm Linklaters LLP and Swiss Nater Dallafior Rechtsanwalte AG will be assisting the administrator in international processes. […]

Snoras Bank loan portfolio to be sold to international consortium

November 26, 2014 ELTA EN 0

Snoras bankruptcy administrator Gintaras Adomonis has finished the formal procedures of the sale of Snoras loan portfolio as well as indicated the best offer and thus the potential investor. […]

Invalda LT-led consortium to negotiate acquisition of Finasta Banking Group

October 24, 2014 Lithuania Tribune 0

The Creditor’s Committee set the minimum selling price and the sale method of the Finasta Banking Group, and authorized the Snoras Bank bankruptcy administrator to complete negotiations with the investor which had submitted the best offer, namely the consortium led by investment company Invalda LT. Nevertheless, the acquisition is still to be approved by the Competition Council. […]

Snoras bank creditors contest descision to dismiss bankruptcy administrator’s investigation

October 17, 2014 BNS 0

The association of depositors and creditors of Lithuania’s bankrupt Snoras bank plans to contest the prosecutors’ decision to dismiss investigation into the actions of Neil Cooper, the bank’s outgoing bankruptcy administrator. […]

Prosecutor General ends debate on investigation of Bank Snoras bankruptcy administrator

October 3, 2014 ELTA EN 0

The Prosecutor General‘s Office announced on Thursday that the decision to terminate the pre-trial investigation into the actions of Bank Snoras bankruptcy administrator Neil Cooper was both lawful and legal. […]

Prosecutors close case against bank Snoras bankruptcy administrator

September 9, 2014 BNS 0

The Lithuanian Prosecutor General‘s Office has ended its pre-trial investigation into actions of Neil Cooper, the outgoing administrator of the bankrupt bank Snoras, after finding no signs of criminal activity. […]

Snoras Bank creditors seek penalty for Ernst & Young Baltic for misleading audit reports

August 11, 2014 ELTA EN 0

The association of Snoras Bank depositors and creditors addressed in writing the bankruptcy administrator of the bank demanding information whether he intends to pursue claims against audit company Ernst & Young Baltic. […]

Lithuanian court rules in favour of Snoras Bank creditors

August 7, 2014 ELTA EN 0

Vilnius Regional Court has delivered a judgment in favour of 26 claimants against Snoras Bank and the third party, the state enterprise Deposit and Investment Insurance. The court annulled the signed bond agreements and deposit certificate acquisition agreements. […]