UK markets closed
  • NIKKEI 225

    27,999.96
    -249.28 (-0.88%)
     
  • HANG SENG

    20,003.44
    -42.33 (-0.21%)
     
  • CRUDE OIL

    90.12
    -0.64 (-0.71%)
     
  • GOLD FUTURES

    1,813.30
    +8.10 (+0.45%)
     
  • DOW

    32,765.81
    -66.73 (-0.20%)
     
  • BTC-GBP

    19,083.45
    -784.96 (-3.95%)
     
  • CMC Crypto 200

    534.48
    -22.87 (-4.10%)
     
  • ^IXIC

    12,440.46
    -204.00 (-1.61%)
     
  • ^FTAS

    4,129.39
    -3.43 (-0.08%)
     

Court Judgement

·1-min read


As it has already been published earlier, the company participated in the litigation over the bailiff’s actions in the case on the penalty imposed by the Competition Council. On 17 February 2021, the Panevezys Regional Court made the ruling upholding the judgment by the court of first instance, which had cancelled the arrangement by the bailiff on scheduling payment of the penalty imposed by the Competition Council, in particular on the instalments for July and August 2020.

The company had appealed in cassation against the mentioned court judgement to the Supreme Court of Lithuania. On 5 January 2022, the Supreme Court of Lithuania upheld the judgement of 17 February 2021 by the Panevezys Regional Court.

It should be recalled that the company continues the dialogue on the penalty imposed by the Competition Council with the State Tax Inspectorate (STI), which acts as the collector of the mentioned penalty on behalf of the state, as far as payment of the penalty in parts in 8 years. The STI had made the order on such payment scheduling back in July 2020, and on 14 December 2020 the STI addressed the European Commission regarding granting of the state aid to the Company in scheduling the penalty payment. The Company makes the periodic payments in accordance with the applicable order by the STI. Furthermore, the Company seeks to enter into the settlement agreement for the payment of the penalty and resolve the ongoing disputes regarding the schedule of penalty payment.

More information:
Managing Director
Egidijus Urbonas

Tel.: (+370 45) 505 503


Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commenting