Klaipėdos nafta AB filed the appeal against the decision by Vilnius Regional Court in the case between Naftos grupė UAB and the Company adopted on 20 May 2013
On 19 June 2013 Klaipėdos nafta, AB (hereinafter referred to as the Company”), filed an appeal against the decision of Vilnius Regional Court adopted on 20 May 2013 in the case according to claim of claimant Naftos grupė UAB to Klaipėdos nafta, AB, for the compensation of allegedly incurred losses of LTL 17 mill., for reimbursement of surplus of oil products to claimant allegedly belonging to Naftos grupė, UAB, and held by the Company and for recognition the cancellation of Service contract No. 12-12-2005, dated 22-12-2004 due to Company’s supposed fault (the Company announced on this Court’s decision on 20 May 2013 by notifying the notification on material event).
In its appeal the Company inter alia requests from the Lithuanian Court of Appeal:
(i) to annul the decision of Vilnius Regional Court adopted on 20 May 2013 on the parts, concerning the admission that the Agreement was terminated through the fault of the Company, the award to Naftos grupė, UAB, of damages in the amount of LTL 9,744,590.67, 6 percent annual interest on the awarded amount for the period from the initiation of the legal proceedings till full enforcement of the court judgement, as well as the award of legal expenses to be paid by the Company to Naftos Grupė, UAB; to annul the decision in the part, where there the Company’s counterclaim had been rejected and adopt the following new decision on the following parts: to reject the claim to admit that the Agreement was terminated through the fault of the Company, to award to Naftos grupė, UAB, damages in the amount of LTL 9,744,590.67, 6 percent annual interest on the awarded amount for the period from the initiation of the legal proceedings till full enforcement of the court judgement, as well as legal expenses to be paid by the Company to Naftos Grupė, UAB, and to meet the Company’s counterclaim to full extent.
(ii) on other parts to leave the decision of Vilnius Regional Court adopted on 20 May 2013 unaltered.
It should be noted that upon the appeal against the decision of Vilnius Regional Court from 20 May 2013, this decision shall not take effect. It shall only come to force and will result in any real consequences for the Company, should it is not altered in the course of the appeal procedures after the Court of Appeal reaches its decision.
Mantas Bartuška, Director of Finance and Administration Department (+370 46) 391 763
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