Global Restructuring Review - Cross-border restructuring and insolvency legal news, features and events

Luxembourg arm of Latvia’s ABLV bank enters administration

By Kyriaki Karadelis

12 March 2018

A Luxembourg court has appointed administrators over the local subsidiary of a Latvian bank whose parent is accused of money laundering by US agencies, declining to liquidate it as suggested by EU institutions.

Luxembourg arm of Latvia’s ABLV bank enters administration