We hereby inform that on 25th July, 2014 the Supreme Court of Lithuania by its
ruling accepted for consideration the cassation appeal lodged by Klaipedos
nafta, AB, code 110648893, registered at Buriu st. 19, Klaipeda (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 Grupe, 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 Grupe, 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
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