Panevezio Statybos Trestas

Legal Proceedings Report • Jun 3, 2020

Disclosure 384464

Panevezio Statybos Trestas - Notification on material event

Court Judgement

The Judicial Panel of the Supreme Administrative Court of Lithuania following the written proceedings on appeal at the court session conducted the hearing of the administrative case based on the appeals by the applicants Panevezio statybos trestas AB and Active Construction Management UAB (the former name Irdaiva UAB), in respect of which the bankruptcy proceedings have been initiated, on the judgement of the Vilnius Region Administrative Court dated 14 May 2018 in the administrative case based on the complaints of Panevezio statybos trestas AB and Irdaiva UAB against the respondent, the Competition Council of the Republic of Lithuania, on vacation or amendment of the judgement (the parties third interested are Panevezio statybos trestas AB and Irdaiva UAB).

Following Article 144 (1) of the Law on Administrative Proceedings of the Republic of Lithuania the Judicial Panel has rendered the following judgement:

To deny the appeals by the applicant Panevezio statybos trestas AB and the applicant under bankruptcy Active Construction Management UAB (the former name Irdaiva UAB) as unreasonable.

To leave the judgement of the Vilnius Region Administrative Court dated 14 May 2018 unaffected.

The above judgement is not subject to appeal.

More information:

Dalius Gesevicius

Managing Director

Tel.: (+370 45) 505 503