Liepaja, 2015-02-24 15:20 CET (GLOBE NEWSWIRE) -- Based on 2nd paragraph of the Article 59 of Financial instrument market law, joint stock company „LIEPĀJAS AUTOBUSU PARKS” informs that on 18th of February, 2015, the Kurzeme district court has adopted the decision on the initiation of the legal protection proceeding of the daughter company of joint stock company  „LIEPĀJAS AUTOBUSU PARKS” – limited liability company „Baltic Taxi”.
In addition we inform, that daughter company of the joint stock company „LIEPĀJAS AUTOBUSU PARKS” - „Baltic Taxi” - after initiation of the legal protection proceedings has liabilities in the amount of 2 000 000 EUR against LLC „Finanšu restrukturizācijas un risinājumi” and entitlement in the amount of 2 500 000 EUR against LLC „Baltijas Aviācijas Sistēmas”. It is supposed to cover these liabilities in accordance with the plan of legal protection proceedings activities that is being developed by limited liability company „Baltic Taxi”. Limited liability company „Baltic Taxi” plans to renew its solvency. Based on that, according to the particular decision of the court the plan on legal protection proceedings activities will be developed. Board of joint stock company „LIEPĀJAS AUTOBUSU PARKS”

AS „Liepājas autobusu parks”
Chairman of the Management Board
Leonīds Krongorns
leo.krongorns@lap.lv