02 July 2019
Press release

Dissolution and judicial liquidation: ABLV Bank Luxembourg S.A. – Appointment of liquidators

Press release 19/29

In accordance with point (1) of Article 129(1) of the Law of 18 December 2015 on the failure of credit institutions and certain investment firms, the Luxembourg Tribunal d’arrondissement (District Court) dealing with commercial matters, ordered, on 2 July 2019, the dissolution and winding up of the credit institution incorporated under Luxembourg law ABLV Bank Luxembourg S.A.

This winding up follows the suspension of payments of ABLV Bank Luxembourg since 19 February 2018.

In the same judgement, the Luxembourg Tribunal d’Arrondissement (District Court) has appointed Me Alain RUKAVINA, attorney-at-law (avocat à la Cour), and the société à responsabilité limitée (limited liability company), DELOITTE Tax & Consulting SARL, represented by Mr Eric COLLARD, as liquidators and Ms Nadine WALCH, vice-president of the Luxembourg Tribunal d’Arrondissement (District Court), as official receiver (juge-commissaire).

In accordance with Article 129(7) of the Law of 18 December 2015 on the failure of credit institutions and certain investment firms, this judgement has also determined the winding up method regarding the institution.