In the compulsory settlement proceedings of the company LIVAR d.d. the court ruled on the last remaining substantive issue and on 23 June dismissed all the remaining objections to the conduct of the compulsory settlement proceedings.
Prior to that, the Higher Court had already finally confirmed the validity of the decisions regarding the increase of share capital, which have been adopted by the Committee of Creditors with the Right to Separate Settlement.
The voting of the creditors on the adoption of the compulsory settlement has already been concluded and the compulsory settlement has been adopted by creditors holding 81.97% of all voting rights. In the proceedings, 13 creditors transferred their receivables amounting to EUR 5,102,676.16 EUR to LIVAR while the creditors from AnaCap Group also paid-in new cash contributions amounting to EUR 450,001.00
The compulsory settlement proceedings shall complete with the decision on confirmation of compulsory settlement, which is expected to be issued by the court after the conclusion of the appeal procedure.
With the imminent completion of the compulsory settlement proceedings, LIVAR will establish a stable financial structure that will enable a successful continuation of the casting tradition and continuation of socially responsible operations.