A distressed assets manager litigates with a debtor – one of the largest pledgors in Latvia

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TGS represents a distressed assets manager in a dispute with a number of debtors, one of them being one the largest pledgors registered in the Latvian Commercial Pledge Register. TGS files claims, structures defences and represents a distressed assets manager in various civil and criminal court proceedings, including regarding suspected fraud and money laundering, against the debtors and the insolvency administrators. Value of the debt MEUR 40.