In the context of the false and misleading interpretations spread by Bemol Retail SRL (“Bemol Retail”) and close media of the judgment of the Amsterdam Court of Appeal dated 7 September 2021, Danube Logistics SRL , as a general investor and operator of Giurgiulesti International Free Portwould like to communicate the following.
In September 2020 Danube Logistics Holding BV submitted a request to a court in the Netherlands against Bemol Retail and affiliated companies following several actions launched by them in the Republic of Moldova with the objective to circumvent the decision of the Amsterdam Court of Appeal
dated 11 September 2018. In this final and irrevocable judgment, the Amsterdam Court of Appeal unambiguously decided that the sale of Danube Logistics SRL in 2011 to Danube Logistics Holding BV (“Decision on Port Sale”) was legal and transparent, any allegations made by Bemol Retail of wrongdoing against Mr. Moser were unfounded, and value and price of the transaction were fair.
On 7 September 2021 the Amsterdam Court of Appeal rejected the request of Danube Logistics Holding BV to halt Bemol Retail’s actions in Moldova which undermine the Decision on Port Sale on the ground that the court cannot interfere in foreign jurisdictions. However, in the same judgment the Amsterdam Court of Appeal clearly states that the Decision on Port Sale is not in dispute and therefore stays in force. Thus, it is evident that the press statements published by Bemol Retail and certain media are false and manipulative.
Danube Logistics SRL is the general investor and operator of Giurgiulesti International Free Port, the main sea-river port of the Republic of Moldova. Since 2005 Danube Logistics has developed the Port into one of the most successful ports on the river Danube facilitating international trade of Moldovan companies with more than 50 countries each year. Danube Logistics SRL is wholly owned by the Dutch company Danube Logistics Holding BV. The sole ultimate owner of the Danube Logistics group of companies is the European Bank for Reconstruction and Development (EBRD).
CS Danube Logistics SRL
Let me first congratulate all of you with the 30th anniversary of the independence of the Republic of Moldova. On this occasion one can recall that even before declaring its own independence, Moldova became the first country to recognise the restored independence of the Republic of...( ) Read all
U.S. President Joe Biden proposed a summit meeting with Russian President Vladimir Putin during a telephone call on Tuesday in which he stressed the U.S. commitment to Ukraine's territorial integrity and voiced concern about a Russian military build-up in Crimea and on Ukraine's borders,...( ) Read all
The European Bank for Reconstruction and Development (EBRD) is enforcing rights under its financing and security documents with regards to Danube Logistics Holding BV’s shareholding in Danube Logistics SRL (Danube Logistics), the operator of Giurgiulesti International Free Port in the...( ) Read all
EBA Moldova is following with great concern the latest developments regarding Danube Logistics SRL, the owner and operator of Giurgiulesti International Free Port, the only port of the Republic of Moldova.( ) Read all
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.( ) Read all
One August day in the mid-1960s, my parents boarded a bus in the village of Hartopul Mare in the center of Moldova to travel to the capital Chisinau, determined to get a better education and better jobs in the Soviet planned economy. It was a 90-minute trip in a vehicle packed with about 50...( ) Read all
On Thursday 3 December, the Parliament of the Republic of Moldova voted on a number of legislative proposals, including on limitations of Presidential powers, tabled in a hasty and non-transparent manner.( ) Read all
Seven people died from methanol (wood alcohol) poisoning after drinking hand sanitizer at a party in Russia. Nine people, with ages ranging from 27 to 69 years old, were partying when they opted to drink hand sanitizer after running out of alcoholic beverages, according to local Russian...( ) Read all
On 25 August 2020 the Constitutional Court of the Republic of Belarus (thereinafter – the CCRB) adopted a document entitled the “Constitutional Legal Position on the Protection of the Constitutional Order” (Kонституционно-правовaя позиция по...( ) Read all
Leaked documents shed a light on Deutsche Bank's central role in facilitating financial transactions deemed suspicious. Many of these could have enabled the circumvention of sanctions on Iran and Russia.( ) Read all
On 12 May 2020 the Chișinău Appeals Court barred Danube Logistics SRL from transferring funds to its Dutch shareholder Danube Logistics Holding BV. Danube Logistics SRL is the operator of Giurgiulești International Free Port located on the maritime section of the Danube.( ) Read all
On the building that once housed the local headquarters of the Soviet secret police in the Russian city of Tver, where 80 years ago thousands of Polish prisoners of war were murdered, plaques commemorating the victims of Stalinist crimes were today removed.( ) Read all