Relating to the authorized actions in safety of the pursuits of the traders in loans of the Georgian firm BBG, final we knowledgeable you that the court docket dominated a “judgement by default” in iuvo’s favor. It needed to be served to BBG to be able to turn out to be efficient. As of now, the ruling is served and we will begin the process to fulfill our claims with the seized belongings of the Georgian firm and the reimbursement of their debt. The steps on this course are already taken and the process for cashing out the seized belongings of BBG in Georgia is about to begin.
As you recognize, in 2021 iuvo received the lawsuit to impose precautionary measures on the movable belongings /MOVH/ of BBG in Georgia and the corporate was prohibited from managing its out there belongings. We proceed to tell you concerning the progress of the case and the outcomes from the taken authorized actions by us for the reimbursement of the debt of the corporate to the traders and the platform.
