The European Bank for Reconstruction and Development (EBRD) intends to fight a legal decision to impose external administration over the assets of Danube Logistics SRL, the operator of Giurgiulesti International Free Port in Moldova.
This is stated in the message of the European Bank for Reconstruction and Development. It notes that the Bank is deeply concerned by the order of a bailiff in Chisinau on 25 February 2021 and will continue to seek to protect its rights as a senior secured creditor. The EBRD is currently the largest creditor of Danube Logistics SRL, as well as the primary economic beneficiary of Danube Logistics Holding BV’s shareholding in Danube Logistics SRL. The EBRD considers that the appointment of an external administrator by the bailiff interferes with the running of the company, having a direct negative ...