The Supreme Court of Lithuania accepted for consideration the cassation appeal lodged by Klaipėdos nafta, AB, in the court case with Naftos grupė, UAB

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| Source: Klaipedos Nafta
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We hereby inform that on 25th July, 2014 the Supreme Court of Lithuania by its ruling accepted for consideration the cassation appeal lodged by Klaipėdos nafta, AB, code 110648893, registered at Burių st. 19, Klaipėda (hereinafter, the “Company”) against part of the ruling of the Court of Appeal of Lithuania from 17th June, 2014, in the court case according to statement of claim of the claimant Naftos Grupė, UAB, against the Company for the indemnification for losses of LTL 17 million allegedly incurred by the claimant, for return of surplus oil products allegedly belonging to the claimant and held by the Company to Naftos Grupė, UAB, and for recognition the termination of Service Contract No. 12-12-2005, dated 22 December 2004 (the “Contract”), due to the Company’s supposed fault, as well as, the counterclaim of the Company for invalidation of the Agreement, indemnification for damages and unjust enrichment.

The Supreme Court of Lithuania had concluded that the cassation appeal lodged by the Company meets the requirements set forth in the Code of Civil Procedure of the Republic of Lithuania, and therefore is to be accepted for consideration.

The Company announced about the above mentioned ruling of the Court of Appeal of Lithuania in the notification on material event from 18th June, 2014.

 

 

         Mantas Bartuška, Director of Finance and Administration Department, (+370 46) 391 763