In June 2020, to the company was assigned receivables in the sum of EUR 1,461,869 and EUR 1,372,260. Payment of these amounts are dependent on further litigation.
In the January 2021, company has been partially successful in international commercial arbitration regarding above specified sums and damages against its in-direct subsidiary Morsevo Group (GKS Logistics held control over subsidiary in form of debt instruments, including lien on enterprise of the subsidiary) while majority of the damages sought has been rejected by arbitrator citing that third persons (state owned entities and authorities) were liable for lion share of damages which occured to the GKS Logistics. (though these liable parties have not been parties of the commercial arbitration).
In the February 2021 Memorandum of understanding regarding settlement, implementing moratory on debt enforcement until binding final judgement related lawsuit between Morsevo Group and Public Ports JSC (Slovakian fully state owned JSC) is not issued.
In the November 2021 GKS Logistics exited Morsevo Group, with privative novation (amendment) of debt instruments against former subsidiary, which are now specified as EUR 1,917,000. Maturity and payment of this pledged debt is dependent on ongoing lawsuit and administrative proceedings between TAM Group Komarno (frmr Morsevo Group) and state owned companies and public authorities in Slovakia, while sum of debt will be off-set against some costs which incurred or incurring to the TAM Group.