The Civil Case Court Board of the Riga Regional Court issued a ruling on October 2, 2008 to leave without adjudicating the claim pursued by JSC Latvijas naftas tranzīts against the officials of the Management Board and Supervisory Council of JSC Ventspils nafta on recovery of USD 90 million losses attempted to be maintained on behalf of JSC Ventspils nafta. JSC Ventspils nafta holds a view that this claim was initiated using methods of unfair competition, as the plaintiff sought to compensate business failure of a particular company at the port of Ventspils by affecting the successful work JSC Ventspils nafta Group company Ventspils nafta termināls Ltd. For further information, please contact Gundega Vārpa Public Relations and Advertising Manager tel. +371 67229182; e-mail: gundega.varpa@vnafta.lv
Claim against the officials of JSC Ventspils nafta left without adjudicating
| Source: Ventspils nafta