* Oleg Solomiţchi, the representative of the JLC group, has acquired the receivables of the two large shareholders of the milk producer - ASMC and Olympus Dairy

The change of the owner of the Braşov-based company Prodlacta looks likely to see further delays. That is happening despite the fact that Oleg Solomiţchi, the representative of the JLC group of companies, which has acquired over 60% of the company's debts, paid in his own name the receivables of the following shareholders: the Association of Employees and of the Members of the Management of Prodlacta (ASMC) (46,870 lei) and Olympus Dairy (15,967 lei). The purchase of the debts was done according to article 1472 of the Civil Code of Law which stipulates this right. The two shareholders and creditors of the company have also contested this acquisition of the debts, as the court yesterday ruled that neither ASMC, nor Olympus Dairy have any right to be involved in the lawsuit as long as the payment was done according to the legislation in effect.

According to the liquidators of the company, which is currently insolvent, a decision on the reorganization plan may only be made on November 12th, "if all the complaints are solved by then". However, after yesterday's ruling, ASMC and Olympus Dairy lost their legal standing in the lawsuit, and they were removed from the Creditors' List, which might make it easier to transfer the right of ownership to the Moldavian group JLC.

In August, the companies of the JLC group had acquired receivables with a total value of 17.390 million lei, more than half of the total of 34.047 million lei accepted for repayment. Two of the receivables were part of the secured claims. A receivable of 12.616 million lei (2.892 million Euros) had been acquired from BCR by JLC Germany Gmbh, while JLC Dprint Gmbh acquired receivables worth 2.612 million lei (approximately 579,00