Aspis’s Liquidator Begins Proceedings

Aspis’s Liquidator Begins Proceedings

Very soon (in the next few weeks) Aspis Pronia’s  and Commercial Value’s liquidator will ask, on the one hand, those who expect to receive money from the companies to make a legal notice by any means, and, on the other hand, those who owe money to Aspis to make a deposit.

This period, pleadings were evaluated and various Aspis’s documents concerning monetary transactions were assessed. A visit to Switzerland followed, to inquire on deals and debt securities. The visits include Romania, Sweden and Cyprus. Life and general losses were examined for both companies.

By the end of the month, Mr. Pantelidis, will send a detailed and extensive report to both the Ministry and PISC concerning the outcome of his recent research.

Today, Mr Pantelides will meet with Ms. Sideri and  Mr. Petridis,  representatives of customers and insurers associations.

Discussions concerning Commercial‘s and Aspis’s sale will take place after the Bank of Greece takes over the market’s supervision. By then, there will be more than one company interested in buying.

Click here for the Greek article.

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