Harju County Court approved the compromise agreement signed with OÜ Kalaport
January 11 2023 - 2:30AM
Harju County Court approved the compromise agreement signed with OÜ
Kalaport
Harju County Court approved on 10 January 2023 the compromise
agreement signed on 5 January 2023 by AS Baltika subsidiary Baltman
OÜ and Kalaport OÜ, which ends the legal dispute between the two
parties regarding the lease agreement for the Ivo Nikkolo store
located at Suur-Karja 14 in Tallinn’s old town, which began in
early 2021. The content of the dispute is described in more detail
in the stock exchange announcement published by AS Baltika
on 9 February 2021 and the information related to the
compromise is disclosed in the 6 January 2023 stock exchange
announcement.
With the compromise, both Kalaport OÜ and Baltman OÜ mutually
waived all claims and Baltman OÜ will continue to fulfill the lease
agreement, taking into account the differences agreed in the
compromise, from 01.02.2023. The parties have agreed that the terms
of the compromise agreement are confidential.
Brigitta Kippak Chairman of The Management Board, CEO
brigitta.kippak@baltikagroup.com
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