The Commission de Surveillance du Secteur Financier (CSSF) has announced that on 2 July 2019, in accordance with Article 129 paragraph 1, point 1, of the Law of 18 December 2015 on the default of credit institutions and certain investment firms, the District Court of Luxembourg, sitting in commercial matters, pronounced the dissolution of the Luxembourg credit institution ABLV Bank Luxembourg SA and ordered its liquidation.

This liquidation follows the placement of the company ABLV Bank Luxembourg SA under the suspension of payment since 19 February 2018. By the same judgment, the District Court of Luxembourg named Alain RUKAVINA, lawyer at the Court, and the limited liability company DELOITTE Tax & Consulting SARL, in the person of Eric COLLARD, as liquidators, and Mrs Nadine WALCH, vice-president of the District Court of and in Luxembourg, as judge-commissioner.

In accordance with Article 129, paragraph 7, of the Law of 18 December 2015 on the default of credit institutions and certain investment firms, the judgment also laid down the method of liquidation of the institution.