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2008.06.25

Another Ruling of the Supreme Court of Lithuania in the Dispute between UVS and Penki kontinentaiAnother Ruling of the Supreme Court of Lithuania in the Dispute between UVS and Penki kontinentai



Today the Supreme Court of Lithuania (the Court) has rejected the complaint by Universalios valdymo sistemos UAB (UVS) group and made this final rejection not subject to appeal. The case disputed the effect of minutes taken in the meeting of Kriptonika UAB shareholders as early as in 2005.

As the disputed minutes show, shareholders of Kriptonika, i. e. UVS and Penki kontinentai (PK), each holding 50% of the company share capital, established a quantitative representation regarding company manager Mr. Sviridovas.

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