Rokiskio Suris

Legal Proceedings Report • Jul 13, 2018

East Capital (LUX) Baltic Fund covered legal costs of the lost claim

East Capital (LUX) Baltic Fund covered legal costs of the lost claim

East Capital (LUX) Baltic Fund covered the legal costs amounting to EUR 62,453.24 adjudged on June 20, 2018, by the Court of Appeal of the Republic of Lithuania for the benefit of Antanas Trumpa, Pieno pramonės investicijų valdymas UAB and Rokiskio suris AB.

East Capital had raised claims against the manager of Rokiskio suris AB Antanas Trumpa and required to cover a damage of mEUR 10.524 for the benefit of Rokiskio suris AB.

On June 2, 2017, Panevėžys Regional Court dismissed the claim of East Capital (LUX) Baltic Fund.

On June 20, 2018, the Court of Appeal of the Republic of Lithuania dismissed judgement of the original jurisdiction institution Panevėžys Regional Court and ceased the legal process in general. Hereby the Court stated that East Capital was no longer entitled to the claim as the company sold its shares to INVL Asset Management, UAB, the funds of pension and investment. The Court of Appeal of the Republic of Lithuania obliged East Capital (LUX) Baltic Fund to cover litigation costs.

Dalius Trumpa

CEO

+370 458 55200