Regarding Harju County Court, Estonia decision to adjudge former “Novatours“ OÜ country manager a possibly unpaid remuneration
Summary
Regarding Harju County Court, Estonia decision to adjudge former “Novatours“ OÜ country manager a possibly unpaid remuneration As previously announced in 2017, Andree Uustal, country manager of AB “Novatoras“ Estonian subsidiary "Novatours“ OÜ, was recalled from his position as member of Estonian subsidiary management board following alleged illegal misappropriation of company assets. A number of investigations and legal proceedings are in progress at the moment and they cannot be communicated publicly without the permission of competent authorities. Please note that due to the foregoing proceedings, the favorable decision for Andree Uustal cannot be judged in isolation from other investigations and legal proceedings against him and other persons who may have committed illegal acts. We will comply with legal requirements in order to avoid any interpretations that could possibly make pressure to courts to disclose facts or provisional decisions of the case," - comments AB “Novaturas“ CEO Audronė Keinytė. " Novaturas will further notify the significant events in accordance with legal requirements.