Market announcement
Arco Vara AS
LEI code
097900BHCB0000066171
Size of the entity
Small group
Economic activities
Professional, Scientific and Technical Activities
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
5537
Submission date and time
19.05.2016 09:17:37
Content of announcement in Estonian
Title
Lõppes Tivoli Arendus OÜ ja Nordecon AS-i vaheline kohtuvaidlus
Message
16.05.2016 määrusega jättis Riigikohus menetlusse võtmata Tivoli Arendus OÜ
kassatsioonkaebuse Tivoli Arendus OÜ ja Nordecon AS-i vahelises kohtuvaidluses.
Sellega lõppes 13.09.2013 alanud kohtuvaidlus, millega lahendati Nordecon AS-i
poolt Tivoli Arendus OÜ vastu esitatud hagi ning Tivoli Arendus OÜ vastuhagi
summas 1 319 232,90 eurot. Kohus jättis rahuldamata Tivoli Arendus OÜ nõude
ning mõistis Tivoli Arenduse OÜ-lt Nordecon AS-i kasuks välja põhisummana 174
551,04 eurot, millisele summale lisandub kindlaks määratud viivis summas
7192,61 eurot ja jooksev viivis kuni kohtuotsuse täitmiseni.
Tivoli Arendus OÜ on Arco Vara gruppi kuuluv äriühing, mille ainuosanikuks on
alates 2014. aastast Arco Investeeringute AS, mis on Arco Vara AS-i 100%-line
tütarühing. Tivoli Arendus OÜ alustas tegevust 2010. aastal ning tema ainsaks
projektiks oli Tivoli korteriarendus Tallinnas, mis lõplikult peatati 2013.
aastal seoses Tivoli kinnistute müügiga enampakkumise korras (vt. börsiteade
10.06.2013).
Tivoli Arendus OÜ suhtes jõustunud negatiivne kohtuotsus ei mõjuta Arco Vara
grupi konsolideeritud bilanssi, kasumiaruannet ega rahavoogu ning juhatuse
avaldatud käibe- ja kasumiprognoose.
Evelin Kanter
Juriidilise osakonna juht
Arco Vara AS
Tel: +372 614 4594
[email protected]
http://www.arcorealestate.com
Content of announcement in English
Title
Court case between Tivoli Arendus OÜ and Nordecon AS was finished
Message
On 16 May, 2016, the Supreme Court decided not to proceed with Tivoli Arendus
OÜ’s appeal in cassation in the court case between Tivoli Arendus OÜ and
Nordecon AS. The corresponding Supreme Court decision finished the court case
which commenced on 13 September, 2013 and resolved Nordecon AS’ action against
Tivoli Arendus OÜ and Tivoli Arendus OÜ’s counter action against Nordecon AS in
the amount of 1 319 232.90 EUR. The court did not satisfy Tivoli Arendus OÜ’s
claim and required Tivoli Arendus OÜ to pay Nordecon AS 174 551.04 EUR as
principal amount and additionally fixed interest in the amount of 7192.61 EUR
and interest until the fulfilment of the obligation.
Tivoli Arendus OÜ is Arco Vara group’s company whose sole owner since year 2014
is Arco Investeeringute AS which is Arco Vara AS’ 100% subsidiary. Tivoli
Arendus OÜ started business activity in 2010 and its sole project was Tivoli
residential development in Tallinn which was finally stopped in year 2013 when
the Tivoli land plots were sold at a public action (see announcement on 10
June, 2016).
The negative court decision which was adopted in relation to Tivoli Arendus OÜ
does not influence Arco Vara group’s consolidated balance sheet, income
statement, cash flow nor management’s turnover and profit prognosis.
Evelin Kanter
Head of Legal Department
Arco Vara AS
Tel: +372 614 4594
[email protected]
http://www.arcorealestate.com