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2014-03-28 Neil Cooper: “We continue cooperation with law enforcement. Lawyers are evaluating released false information”
Snoras Bankruptcy Administrator Neil Cooper continues cooperation with Lithuanian law enforcement authorities in all their investigations concerning the bankruptcy of Snoras bank and is now looking at the information provided by those authorities together with the lawyers. He also denies the information released into the public domain that the administrator allegedly proposed a compensation for losses related to the bankruptcy process. Options are now explored to apply to court regarding denial of the published false information and application of liability to specific publications. | More
2014-03-07 Snoras Bankruptcy Administrator Tender Launched - A candidate to replace Neil Cooper, current Bankruptcy Administrator of the bank, shall be selected and approved in four stages
Following approval by the Creditors’ Committee of Snoras bank of the initiation of a process to select a new Bankruptcy Administrator, a tender process has been launched. There will be four stages of the process. The first stage invites applicants to confirm their willingness to participate in the tender process, prove their experience, declare that they have no conflicting interests, and sign a Non-Disclosure Agreement to be allowed to access further information to enable them to properly formulate their proposals. The second stage shall invite those applicants who meet the criteria to submit their specific tenders for assuming management of Snoras bankruptcy procedures. | More
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