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NOTICE OF MEETING OF CREDITORS

 

 

                                                                                                                      

NOTICE

Highlights

NOTICE OF MEETING OF CREDITORS

By decision of the Court of Economic Affairs dated 24 March 2023 in Civil Case No. C75010823, Baltic International Bank SE, reg. No. 40003127883, was recognised as an institution to be liquidated and the process of its liquidation was initiated. Olavs Cers, a sworn attorney, was appointed as the liquidator of Baltic International Bank SE, hereinafter referred to as the Liquidator. The Liquidator hereby announces that the first meeting of creditors of Baltic International Bank SE under Liquidation will be held in the conference hall Berlin of Bellevue Park Hotel Riga, 1 Slokas Street, Riga, at 11:00 a.m. on 29 September 2023. Registration for the meeting starts at 10:00 a.m. Agenda of the meeting: Adoption of the regulations of the meeting. Election of the representatives of the meeting of creditors for signing the minutes of the meeting of creditors. The Liquidator’s report. Approval of the liquidation plan. Determining the amount of the Liquidator’s remuneration and other expenses related to the liquidation process. Determining the procedure for the expropriation of the property of the credit institution under liquidation. Calling in specialists. Conclusion of amicable settlements in the liquidation process of the credit institution. Election of the creditors’ committee. The meeting of creditors will be held in the official language. Creditors have the right to participate in the meeting in person or through an authorised representative. The amount of the claims of the creditors of Baltic International Bank SE under Liquidation as at the day of initiation of the liquidation process was EUR 88,064,144.95. Creditors whose claims exceed 1% of the sum of all creditors’ claims are invited to participate in the meeting of creditors of Baltic International Bank SE under Liquidation. Creditors whose claims do not reach 1% of the total amount of all claims have the right to group together and authorise a representative to represent them. Creditors have the right to authorise no more than one representative to represent them. All creditors who plan to participate in the meeting of creditors through an authorised representative are asked to submit documents certifying the right of representation to the Liquidator in good time, but no later than ten business days before the date of the meeting, addressing them to Olavs Cers, Liquidator of Baltic International Bank SE under Liquidation, in any of the ways indicated below: in person at 6 Grēcinieku Street, Riga, on business days from 10:00 a.m. to 4:00 p.m. by registered mail to the address 6 Grēcinieku Street, Riga, LV-1050, Latvia by sending them as electronic documents prepared in accordance with the Electronic Documents Law to the electronic mail address of the credit institution: secretary@bib.eu The creditor’s representation can be implemented with a power of attorney prepared and certified by a notary, specifying the scope of the authorisation, including the right to participate and vote in the meeting of creditors. If documents confirming the right to represent the creditor at the meeting of creditors are attached to the submitted creditor’s claim, they do not need to be submitted again, presenting their original at the time of registration if a copy is attached to the claim, or a copy if the original is attached to the claim. https://www.vestnesis.lv/op/2023/154.KM1

NOTIFICATION of Liquidation of Baltic International Bank SE under Liquidation and Termination of the Safe Deposit Box Rental Contract

Riga, 11 April 2023 No.   By decision of the Court of Economic Affairs dated 24 March 2023 in Civil Case No. C75010823, Baltic International Bank SE, reg. No. 40003127883, hereinafter referred to as Bank, was recognised as an institution to be liquidated and the process of its liquidation was initiated. Olavs Cers, a sworn attorney, was appointed as the liquidator of Bank, hereinafter referred to as the Liquidator.   Taking into account the fact that after the initiation of the liquidation, Bank will no longer provide the usual services and will not provide customer service, the Client’s Safe Deposit Box Rental Contract, hereinafter referred to as the Contract, will cease to have effect on 24 March 2023, and the contents of the safe deposit box assigned to the client shall be considered the property of third parties.   In accordance with the provisions of Paragraph 2, Part one, Section 133 of the Law on Credit Institutions, creditors or other persons who have the right of claim against Bank are entitled to submit their claims and demands to the liquidator within three months of the announcement in the official gazette Latvijas Vēstnesis.   In view of the aforementioned, the Liquidator asks the client no later than within three months from the publication of the announcement in the official gazette Latvijas Vēstnesis, i.e. from 29 March 2023 to 29 June 2023 inclusive, to submit an application to the Liquidator on taking over the contents of the client’s safe deposit box. The request to the Liquidator shall be sent in Latvian to the electronic mail address bib.likvidators@cersjurkans.lv, or by registered mail to 9 – 4 Strēlnieku Street, Riga, LV-1010, Latvia.   The client will be notified of the time of the opening, and the procedure for the opening, of the safe deposit box rented by the client, as well as the fees to be paid by the client before the opening of the safe deposit box, in the reply to the request submitted by the client.   Taking over the contents of the safe deposit box will be possible after the AML procedure has been completed for the client.   The client is obliged to pay all fees, expenses and damages resulting from the Contract if Bank has incurred them before the time the safe deposit box is opened, by the day of the opening of the safe deposit box.   If the results of the AML procedure cause the Liquidator to have reasonable doubts about violation of Paragraph 3.18, Part II of the Contract by the client and/or other security risks, the Liquidator will immediately inform the competent state institutions, including the Financial Intelligence Unit of Latvia, thereof and hand over the contents of the safe deposit box to them.   If the client has not submitted a written application on taking over the contents of the safe deposit box or has not made all the due payments and/or has not arrived at Bank to vacate the safe deposit box, after 29 June 2023 the forced opening of the safe deposit box in accordance with Paragraphs 7.2.5, 7.2.6, 7.3 and 8.4, Part II of the Contract will take place without the presence of the client, in the presence of the Liquidator and persons invited by him, in which case the Liquidator will make the decision on further action with the contents of the safe deposit box.   Olavs Cers, Sworn Attorney, Liquidator of Baltic International Bank SE under Liquidation

Notification of commencement of liquidation of Baltic International Bank SE and filing of creditors’ claims or other claims

Other languages   By decision of the Court of Economic Affairs dated 24 March 2023 in civil case No. C75010823, Baltic International Bank SE, reg. No. 40003127883, was recognized as the institution to be liquidated and the process of its liquidation was initiated. Olavs Cers, a sworn attorney, has been approved as the liquidator of Baltic International Bank SE. 24 March 2023 shall be considered the date of recognition of the credit institution as the institution to be liquidated.   Place of work of the liquidator of Baltic International Bank SE during the liquidation process is Riga, 6 Grēcinieku Street, LV-1050, contact phone +371 67000444 or +371 67365865 (working days from 9:00 a.m. to 5:00 p.m.). E-mail address for communication bib.likvidators@cersjurkans.lv.   Claims of creditors and claims of other persons, as well as other claims against the Baltic International Bank SE being liquidated must be submitted to the liquidator within 3 (three) months from the date of publication of the announcement. Claims of creditors submitted after the specified deadline shall be considered and satisfied in accordance with the procedure established by Paragraph 3, Section 139.3 of the Credit Institution Law.   The creditor’s application must be drawn up in the Latvian language, and if it is drawn up in another language, a notarized translation into Latvian must be attached to it. The creditor’s application must be accompanied by the original documents, or, upon presentation of the originals, notarized copies of documents that comply with the requirements of the Hague Convention Abolishing the Requirement of Legalisation for Foreign Public Documents 1961.  Creditors must calculate the total amount of their claims in foreign currency in the claim and specify it in euro in accordance with the foreign exchange rate set by the European Central Bank as of 12 December 2022.   Claims of the creditors of Baltic International Bank SE in liquidation and supporting documents can be submitted by addressing them to the liquidator of Baltic International Bank SE in liquidation, Olavs Cers: in person in Riga, 9-4 Strēlnieku Street, on working days from 9:00 a.m. to 5:00 p.m.; by sending by mail as registered mail to the address 9-4 Strēlnieku Street, Riga, LV-1010, Latvia; by sending the creditor's claim, drawn up in accordance with the Electronic Documents Law in the form of an electronic document signed with a secure electronic signature and containing a time stamp, to the liquidator’s e-mail address: bib.likvidators@cersjurkans.lv.   If the creditor attaches derivative documents to the creditor’s claim, the liquidator shall have the right to demand the presentation of the original documents, and the creditor shall be obliged to submit them. The liquidator has the right to request other documents or their derivatives if it is necessary for making a decision on the creditor’s claim. The creditor – a natural person – needs to submit the following documents: Natural person – resident Natural person –  non-nresident A creditor’s claim drawn up as a legally binding document in accordance with the requirements of external regulatory enactments of the Republic of Latvia and containing: presentation of the actual circumstances; the creditor’s account numbers in the Baltic International Bank SE being liquidated and the amount of funds to be returned; the account number of the credit institution to which the funds should be transferred; information on whether the creditor is an interested person within the meaning of Clause 36, Part one, Section 1 of the Credit Institution Law; information about whether the creditor is considered to be a politically significant person, a family member of a politically significant person or a person closely related to a politically significant person within the meaning of the Paragraph 18, 181 and 182, Section 1 of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing; e-mail address of the creditor and confirmation that the creditor agrees to use electronic means of communication to communicate with Baltic International Bank SE in liquidation process and agrees to receive documents in electronic form in the course of liquidation of Baltic International Bank SE; confirmation that the creditor and/or its representative is informed and agrees that Baltic International Bank SE processes its personal data in the framework of the liquidation process in order to consider the creditor’s claim and for other justified purposes throughout the liquidation process. Documents confirming the legal origin of the funds, indicating and explaining in detail the legal origin of the funds. Documents certifying that a bank account has been opened in the name of the creditor indicated in the creditor’s application (the bank account to which the creditor requests the transfer of funds). A copy of the identity card and/or passport. A notarized power of attorney, if the creditor’s claim is submitted by an authorized person on behalf of the creditor. For the representative - non-resident, a copy of an identity document valid for entry into Latvia (a notarized and legalized copy of the identity document with a notarized translation into Latvian). A creditor’s claim drawn up as a legally binding document in accordance with the requirements of external regulatory enactments of the Republic of Latvia and containing: presentation of the actual circumstances; the creditor’s account numbers in the Baltic International Bank SE being liquidated and the amount of funds to be returned; the account number of the credit institution to which the funds should be transferred, including the IBAN number, the name of the credit institution and the SWIFT code; information on whether the creditor is an interested person within the meaning of Clause 36, Part one, Section 1 of the Credit Institution Law; information about whether the creditor is considered to be a politically significant person, a family member of a politically significant person or a person closely related to a politically significant person within the meaning of the Paragraph 18, 181 and 182, Section 1 of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing; e-mail address of the creditor and confirmation that the creditor agrees to use electronic means of communication to communicate with Baltic International Bank SE in liquidation process and agrees to receive documents in electronic form in the course of liquidation of Baltic International Bank SE; confirmation that the creditor and/or its representative is informed and agrees that Baltic International Bank SE processes its personal data in the framework of the liquidation process in order to consider the creditor’s claim and for other justified purposes throughout the liquidation process. Documents confirming the legal origin of the funds, indicating and explaining in detail the legal origin of the funds. Documents certifying that a bank account has been opened in the name of the creditor indicated in the creditor’s application (the bank account to which the creditor requests the transfer of funds). A copy of an identity document that is valid for entry into Latvia (a notarized and legalized copy of the identity document with a notarized translation into Latvian). A notarized power of attorney, if the creditor’s claim is submitted by an authorized person on behalf of the creditor. For the representative - non-resident, a copy of an identity document valid for entry into Latvia (a notarized and legalized copy of the identity document with a notarized translation into Latvian). A creditor being a legal entity (commercial company, association, foundation and other legal arrangements) needs to submit the following documents: Legal entity – resident Legal entity – non-resident A creditor’s claim drawn up as a legally binding document in accordance with the requirements of external regulatory enactments of the Republic of Latvia and containing: presentation of the actual circumstances; the creditor’s account numbers in the Baltic International Bank SE being liquidated and the amount of funds to be returned; the account number of the credit institution to which the funds should be transferred; information on whether the creditor is an interested person within the meaning of Clause 36, Part one, Section 1 of the Credit Institution Law; information about whether the creditor is considered to be a politically significant person, a family member of a politically significant person or a person closely related to a politically significant person within the meaning of the Paragraph 18, 181 and 182, Section 1 of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing; e-mail address of the creditor and confirmation that the creditor agrees to use electronic means of communication to communicate with Baltic International Bank SE in liquidation process and agrees to receive documents in electronic form in the course of liquidation of Baltic International Bank SE; confirmation that the creditor and/or its representative is informed and agrees that Baltic International Bank SE processes its personal data in the framework of the liquidation process in order to consider the creditor’s claim and for other justified purposes throughout the liquidation process. Documents confirming the legal origin of the funds, indicating and explaining in detail the legal origin of the funds. Documents certifying that a bank account has been opened in the name of the creditor indicated in the creditor’s application (the bank account to which the creditor requests the transfer of funds). A copy of the identity card and/or passport and a document certifying the person’s authority to submit a creditor’s claim. For the representative - non-resident, a copy of an identity document valid for entry into Latvia (a notarized and legalized copy of the identity document with a notarized translation into Latvian). A notarized power of attorney, if the creditor’s claim is submitted by an authorized person on behalf of the creditor. For the representative - non-resident, a copy of an identity document valid for entry into Latvia (a notarized and legalized copy of the identity document with a notarized translation into Latvian). If the relevant creditor meets the status of a micro-enterprise, small or medium-sized enterprise within the meaning of the Law on Recovery of Activities and Resolution of Credit Institutions and Investment Firms, then documents confirming this – the Annual Report for 2022 or confirmation by a certified auditor that the creditor meets the requirements of a micro-enterprise, small or medium-sized enterprise in accordance with Annex 1 of the European Commission Regulation No. 651/2014 regarding annual turnover.   A creditor’s claim drawn up as a legally binding document in accordance with the requirements of external regulatory enactments of the Republic of Latvia and containing: presentation of the actual circumstances; the creditor’s account numbers in the Baltic International Bank SE being liquidated and the amount of funds to be returned; the account number of the credit institution to which the funds should be transferred, including the IBAN number, the name of the credit institution and the SWIFT code; information on whether the creditor is an interested person within the meaning of Clause 36, Part one, Section 1 of the Credit Institution Law; information about whether the creditor is considered to be a politically significant person, a family member of a politically significant person or a person closely related to a politically significant person within the meaning of the Paragraph 18, 181 and 182, Section 1 of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing; e-mail address of the creditor and confirmation that the creditor agrees to use electronic means of communication to communicate with Baltic International Bank SE in liquidation process and agrees to receive documents in electronic form in the course of liquidation of Baltic International Bank SE; confirmation that the creditor and/or its representative is informed and agrees that Baltic International Bank SE processes its personal data in the framework of the liquidation process in order to consider the creditor’s claim and for other justified purposes throughout the liquidation process. Documents confirming the legal origin of the funds, indicating and explaining in detail the legal origin of the funds. Documents certifying that a bank account has been opened in the name of the creditor indicated in the creditor’s application (the bank account to which the creditor requests the transfer of funds). A copy of the identity card and/or passport and a document certifying the person’s authority to submit a creditor’s claim. For the representative - non-resident, a copy of an identity document valid for entry into Latvia (a notarized and legalized copy of the identity document with a notarized translation into Latvian). A notarized power of attorney, if the creditor’s claim is submitted by an authorized person on behalf of the creditor. For the representative - non-resident, a copy of an identity document valid for entry into Latvia (a notarized and legalized copy of the identity document with a notarized translation into Latvian). If the relevant creditor meets the status of a micro-enterprise, small or medium-sized enterprise within the meaning of the Law on Recovery of Activities and Resolution of Credit Institutions and Investment Firms, then documents confirming this – the Annual Report for 2022 or confirmation by a certified auditor that the creditor meets the requirements of a micro-enterprise, small or medium-sized enterprise in accordance with Annex 1 of the European Commission Regulation No. 651/2014 regarding annual turnover. Certificate of Good Standing, issued no later than 30 days prior to its submission to the liquidator of Baltic International Bank SE under the liquidation. Certificate of Incumbency, issued no later than 30 days prior to its submission to the liquidator of Baltic International Bank SE under the liquidation. Information on the true beneficial owner: information on whether the true beneficial owner is an interested person within the meaning of Clause 36, Part one, Section 1 of the Credit Institution Law; information about whether the true beneficial owner is considered to be a politically significant person, a family member of a politically significant person or a person closely related to a politically significant person within the meaning of the Paragraph 18, 181 and 182, Section 1 of the Law on the Prevention of Money Laundering and Terrorism and Proliferation Financing. Additional documents to be submitted by legal arrangements: Documents certifying the status, purpose and name of the legal entity. Documents certifying the structure and management mechanism, including the true beneficiary or the person in whose interests a legal entity has been created or operates.

Payment details for loan liabilities and commission fee payments

Dear Clients, On December 12, 2022, the Council of the Financial and Capital Market Commission decided to suspend the provision of financial services at Baltic International Bank SE (Bank), including prohibited the Bank to make debit and credit payments in customers’ accounts in any currency, to issue new loans and to increase the limits of existing loans, including reverse repo transactions. However, the above stated decision does not affect the fulfilment of existing loan and other payment obligations towards Bank. Therefore, all Bank’s clients owing loan or other payment obligations to Bank are obligated to continue to perform all payments that have already occurred and shall occur in future in accordance with the repayment schedules specified in the entered loan agreements, by making future transfers regarding to the fulfilment of their obligations to the following payment details in euro currency only:   Beneficiary: Baltic International Bank SE Registration No. 40003127883 Address: 43 Kaleju Street, Riga, LV-1050 Account No. LV98CBBR1130131400070   Beneficiary’s bank: BluOr Bank AS SWIFT code: CBBRLV22   Payment details for loan obligations: Borrower’s data (Natural person: full name, personal (ID) number (LR residents), date of birth (LR non-residents) / Legal person: official name, registration number) payment according to the Loan Agreement No. ___/___/___ Payment details for card loan limit payments: Borrower’s data (Natural person: full name, personal (ID) number (LR residents), date of birth (LR non-residents) / Legal person: official name, registration number) payment to clear credit card limit according to the Customer Service Agreement No. ___/___/___ Payment details for commissions and other services payments: Payer’s data (Natural person: full name, personal (ID) number (LR residents), date of birth (LR non-residents) / Legal person: official name, registration number) payment according to the Agreement No. ___/___/___ Please note that the account provided accepts only payments for Bank’s services (loan and other obligations fulfilment, as well commissions and fees). Clients, who’s loan and other payment obligations occurred after December 12, 2022 and have been unable to make payment until the date this notice was sent, shall not be a subject to the late-payment penalties set in existing loan agreements.

Disbursement of state-guaranteed deposit compensation

Dear Clients, In accordance with the requirements laid down in the law, Baltic International Bank SE accepts the Applications on state-guaranteed deposit compensation. To apply for the state-guaranteed compensation, please fill out the Application on state-guaranteed deposit compensation.  Please specify your bank account (IBAN format) set up in the SEPA zone country. You can submit your Application: electronically: in the Internet Banking environment (your DIGIPASS-generated signature is mandatory); electronically: please email the Application to info@bib.eu (your advanced/secure electronic signature is mandatory); in person: please visit Bank (Grēcinieku ielā 6, Riga) to submit your Application; as follows: please mail by post the original notarized and apostilled (it has to be notarized, i.e. signed and certified by a notary public) Application.   APPLICATION   If you have any questions, please contact the Financial and Capital Market Commission (FCMC) regarding: disbursement of state-guaranteed deposit compensations: +371 67022801, transactions with financial instruments: +371 67022807, other questions: +371 67022819, FCMC e-mail: BIB@fktk.lv   A more detailed information is available here https://www.bank.lv/en/operational-areas/customer-protection/information-about-baltic-international-bank-se

Information about Bank’s safe deposit vault

Dear Clients, We wish to inform you that Bank’s safe deposit boxes continue to be available for you. Please contact your private banker to schedule your visit to the vault.   Thank you! Baltic International Bank  

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