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2013-04-26 SNORAS bankruptcy administrator starts the sale process of “SNORAS Media”
Today Neil Cooper, Bankruptcy Administrator of AB Bank SNORAS (in bankruptcy) confirms that the process of selling the 34% shareholding of “Lietuvos rytas”, one of Lithuania’s largest media groups, is starting. The shares are owned by “SNORAS Media”.

Neil Cooper, Bankruptcy Administrator, said,
“We are commencing an active sale process for the shareholding in “Lietuvos rytas”. Several investors have already expressed interest in “SNORAS Media”and we plan to to start discussing this opportunity with them as well as other potential investors that we are aware of".
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2013-04-09 BAB Bankas SNORAS Report to the Creditors for the quarter ending 31 December 2012 now available on the Snoras website
Neil Cooper, Bankruptcy Administrator of AB Bankas SNORAS (in liquidation), has issued a quarterly report which provides information to the Creditors on the progress of the bankruptcy during the three months ending 31 December 2012. This report, available in both English and Lithuanian, is now available at | More
2013-04-02 The appeal of SNORAS bond holder dismissed by the 7 March 2013 ruling of the Lithuanian Court of Appeals
On 7 March 2013 the Lithuanian Court of Appeals ruled on an appeal from the 7 December 2012 decision of the Vilnius Regional Court submitted by a SNORAS bond holder (the appellant).

The appellant asked the Lithuanian Court of Appeals to repeal the decision of the Vilnius Regional Court, where the court did not sustain his request to annul bond subscription agreements and to treat the amounts subject to insurance payments in accordance with the Law on Insurance of Deposits and Obligations to Investors. Before the court the appellant claimed that SNORAS failed to provide him with possibility to properly evaluate the risks pertaining to conclusion of bond subscription agreements.
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